The press in Ghana on Wednesday focuses on the call by the Bank of Ghana (BoG) on local investors to focus attention on the domestic markets.
The Goldstreet Busines reports that Dr. Maxwell Opoku-Afari, first deputy governor of the bank, who made the call, explained that this would help the country to rectify its current financing options after it suffered a rush-out of foreign investors, thereby eroding the international reserves by about $1billion.
He added that adequate investment in the domestic capital markets will ensure that the country has well-balanced financial options, in order to contain the risks associated with exchange rates.
“We must ensure that real interest rates are attractive to attract domestic resources. We need to deepen the domestic market to make it attractive for pension funds and our domestic investors to be able to participate in financing the gap that we have,” he said.
The Daily Graphic said four out of six teenagers have been arrested for allegedly pummeling to death, George Somuah, the headmaster of Salvation Army Basic School at Asiakwa, near Koforidua in the Eastern Region.
The four, Richard Anani, 18; Emmanuel Mireku, 18; Philip Okodie, 18 and Paul Boadu, 19, have been remanded in prison custody to reappear on May 14, 2019, while the police have mounted a search for two more suspects, who are currently on the run.
The Ghanaian Times, for its part, said the Office of the Special Prosecutor (OSP), has pledged to publish on monthly basis, the cases of corruption it has completed in the national dailies.
DAP/GIK/APA