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Galamsey Menace: GRASAG to Join Catholic Bishops in Protest Against Galamsey on October 11

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The Graduate Students' Association of Ghana (GRASAG) has announced its intention to join forces with the Ghana Catholic Bishops' Conference in a nationwide protest against illegal mining activities, commonly known as galamsey, and what they describe as worsening governance in the country. The protest, scheduled for October 11, 2024, is expected to draw significant attention to the environmental degradation caused by galamsey and the perceived lapses in leadership in addressing the issue. The Catholic Bishops have been vocal in their criticisms of illegal mining, which has devastated large portions of Ghana’s forests, farmlands, and water bodies. They argue that despite various government initiatives to combat galamsey, the issue persists, posing a serious threat to the environment and livelihoods across the country. GRASAG, representing the voices of Ghana’s graduate students, has expressed concerns about the future of the nation, particularly in the areas of environmental cons

Stop Borrowing From Our Central Bank, IMF Presses Ghana

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The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter. The IMF wants the two entities to sign a commitment to zero financing, said the people who asked not to be identified because they’re not authorized to speak publicly on the matter. The accord is a condition Ghana is required to meet in order to secure final approval for a $3 billion IMF bailout, one of the people said. An IMF spokesperson didn’t immediately respond to an email seeking comment. Spokespeople for the Ghanaian finance ministry and the central bank didn’t immediately respond to requests for comment. The decision would bring a halt to central bank loans to the government that amount to about 40 billion cedis ($3.2 billion), according to one of the people. Central-bank lending to Ghana’s government ballooned last year as investor concern about the state of the nation’s public finances depressed demand for its domes