Ghanaians go to the polls with the backdrop of the worst economic crisis in a generation

National Democratic Congress (NDC) presidential candidate and former Ghanaian President John Dramani Mahama holds a national flag as he waves to supporters during his final election campaign rally in Accra, Ghana December 5, 2024. (REUTERS)
Short Url
Updated 07 December 2024
Follow

Ghanaians go to the polls with the backdrop of the worst economic crisis in a generation

  • Ghana used to be a poster child for democracy in the region but in recent years has struggled with a profound economic crisis, including surging inflation and a lack of jobs

ACCRA: Voters in the west African nation of Ghana will cast their ballots Saturday in a general election poised to be a litmus test for democracy in a region shaken by extremist violence and coups.
Some 18.7 million people are registered to vote in presidential and legislative elections but the two main candidates offer little hope for change for the nation. Ghana used to be a poster child for democracy in the region, but in recent years has struggled with a profound economic crisis, including surging inflation and a lack of jobs.
At a time when democracy in western Africa is threatened by coups, Ghana has emerged as a beacon of democratic stability with a history of peaceful elections. It had also been an economic powerhouse, priding itself on its economic development.
But recently that has been changing: Eighty-two percent of Ghanaians feel their country is headed in the wrong direction, according to an opinion poll released by Afrobarometer, a research group, earlier this year.
Although 12 candidates are running to become Ghana’s next president, Saturday’s election — like previous ones since the return of multiparty politics in 1992 — has emerged as a two-horse race.
Vice President Mahamudu Bawumia is the candidate of the New Patriotic Party, or NPP, government that has struggled to resolve the economic crisis. He faces off against former President John Dramani Mahama, the leader of the main opposition party National Democratic Congress, or NDC. He was voted out in 2016 after failing to deliver on promises for the economy.
The NDC prides itself as a social democratic party, while the ruling NPP tags itself as leaning to the right. But in fact, analysts and voters said, the programs of their presidential candidates do not differ in a significant way.
Two hundred seventy-six members of parliament will also be elected Saturday. The ruling NPP party and the main opposition NDC each have 137 members in the 275 member legislature, with one independent member who has been voting mostly along with the ruling party. One more constituency will be allowed to vote in this election, bringing the number of deputies to 276.
In their final campaign rallies Thursday, both candidates made a last push to pitch their political parties as the answer to Ghana’s economic woes.
Bawumia, 61, an Oxford-educated economist and former deputy governor of the country’s central bank, promised to build on the outgoing administration’s efforts and stabilize the economy.
Mahama, 65, on the other hand, restated his promise to “reset” the country on various fronts. “We need to reset our democracy, governance, economy, finances, agriculture, infrastructure, environment, health sector, and all that we hold dear as a people,” the former president said.
Across the the capital of Accra, the mood for the election has been upbeat in posters and billboards with bikers displaying stunts, political rallies on the streets, election jingles and songs blasting from public speakers.
But the concern for many is also palpable for the key thing at stake: The country’s ailing economy, which has been challenged on various fronts in recent years.
The country defaulted on most of its foreign debt last year as it faced a worsening economic crisis that spiked the price of fuel, food and other essential items. The inflation rate had hit 54 percent by the end of last year and though it’s been coming down since then, not many Ghanaians can still tell the difference when they go to the market.
The chronic challenge of illegal gold mining — known locally as galamsey — has also been a major issue in the campaign and a source of concern for voters, triggering protests and criticism against the outgoing government.
Ghana is Africa’s top gold producer and the world’s sixth largest, but the commodity has been increasingly mined illegally as people become more desperate to find jobs in an economy that has been crumbling. The mining has polluted rivers and other parts of the environment despite government actions to clamp down on the practice.


Indian forces clash with Maoist rebels, five dead

Updated 3 sec ago
Follow

Indian forces clash with Maoist rebels, five dead

  • More than 10,000 people have died in the decades-long insurgency waged by Naxalite rebels
  • Government forces stepped up efforts last year to crush the long-running armed conflict
NEW DELHI: Indian security forces on Sunday battled with Maoist rebels in their forested heartland, police said, with at least four guerillas and one policeman killed.
More than 10,000 people have died in the decades-long insurgency waged by Naxalite rebels, who say they are fighting for the rights of marginalized indigenous people in India’s resource-rich central regions.
Government forces stepped up efforts last year to crush the long-running armed conflict, with some 287 rebels killed in 2024, according to government figures.
Clashes broke out late Saturday in Abujhmarh district of Chhattisgarh state, a key battleground in the insurgency.
“Four bodies of Maoists, who were in their battle uniform, have been recovered after an encounter with police forces,” police inspector general P. Sunderraj said, adding one police constable had also been killed.
“Action is still on,” he said.
Around 1,000 suspected Naxalites were arrested and 837 surrendered during 2024.
Amit Shah, India’s interior minister, warned the Maoist rebels in September to surrender or face an “all-out” assault, saying the government expected to quash the insurgency by early 2026.
The insurgency has been drastically restricted in area in recent years.
The Naxalites, named after the district where their armed campaign began in 1967, were inspired by the Chinese revolutionary leader Mao Zedong.
They demanded land, jobs and a share of the region’s immense natural resources for local residents, and made inroads in a number of remote communities across India’s east and south.
The movement gained in strength and numbers until the early 2000s when New Delhi deployed tens of thousands of security personnel against the rebels in a stretch of territory known as the “Red Corridor.”
Authorities have since invested millions of dollars in local infrastructure and social projects to combat the Naxalite appeal.

South Korean protesters brave cold to demand Yoon Suk Yeol’s ouster as detention deadline looms

Updated 05 January 2025
Follow

South Korean protesters brave cold to demand Yoon Suk Yeol’s ouster as detention deadline looms

  • Dozens of anti-corruption agency investigators and police attempted to execute a detainment warrant against Yoon on Friday
  • But there was tense standoff with the presidential security service that lasted more than five hours

SEOUL: Hundreds of South Koreans, bundled up against freezing temperatures and snow, rallied overnight into Sunday near the residence of impeached President Yoon Suk Yeol, calling for his ouster and arrest, as authorities prepared to renew their efforts to detain him over his short-lived martial law decree.
Dozens of anti-corruption agency investigators and police attempted to execute a detainment warrant against Yoon on Friday but retreated from his residence in Seoul after a tense standoff with the presidential security service that lasted more than five hours.
The one-week warrant for his detention is valid through Monday. There were no immediate indications that anti-corruption authorities were ready to send investigators back to the residence as of Sunday afternoon. Staff from the presidential security service were seen installing barbed wire near the gate and along the hills leading up to Yoon’s residence over the weekend, possibly in preparation for another detention attempt.
A Seoul court last Tuesday issued a warrant to detain Yoon and a separate warrant to search his residence after the embattled president repeatedly defied authorities by refusing to appear for questioning and obstructing searches of his office. But enforcing them is complicated as long as Yoon remains in his official residence.
Investigators from the country’s anti-corruption agency are weighing charges of rebellion after the conservative president, apparently frustrated that his policies were blocked by a legislature dominated by the liberal opposition, declared martial law on Dec. 3 and dispatched troops to surround the National Assembly.
The Assembly overturned the declaration within hours in a unanimous vote and impeached Yoon on Dec. 14, accusing him of rebellion, while South Korean anti-corruption authorities and public prosecutors opened separate investigations into the events.
If the anti-corruption agency manages to detain Yoon, it will likely ask a court for permission to make a formal arrest. Otherwise, Yoon will be released after 48 hours.
The Corruption Investigation for High-Ranking Officials, which is leading a joint investigation with police and military investigators, says detaining Yoon would be “virtually impossible” as long as he is protected by the presidential security service. The agency has urged the country’s acting leader, Deputy Prime Minister Choi Sang-mok, to instruct the service to comply with their execution of the detainment warrant, but Choi has yet to publicly comment on the issue.
The chiefs and deputy chiefs of the presidential security service defied summonses on Saturday from police, who planned to question them over the suspected obstruction of official duty following Friday’s events.
Hundreds of anti-Yoon protesters rallied for hours near the gates of the presidential residence from Saturday evening to Sunday, voicing frustration over the failed detention attempt and demanding stronger efforts to bring Yoon into custody. Separated by police barricades and buses, pro-Yoon protesters were gathering in nearby streets, denouncing his impeachment and vowing to block any efforts to detain him.
Yoon’s lawyers have challenged the detention and search warrants against the president, saying they cannot be enforced at his residence due to a law that protects locations potentially linked to military secrets from search without the consent of the person in charge — which would be Yoon. They also argue the anti-corruption office lacks the legal authority to investigate rebellion charges and that police officers don’t have the legal authority to assist in detaining Yoon.
While the presidential security act mandates protection for Yoon, it does not authorize the presidential security service to block court-ordered detainments. The service’s attempts to block the execution of the warrant may amount to an obstruction of official duty, according to Park Sung-bae, an attorney specializing in criminal law. While the president mostly has immunity from prosecution while in office, the protection does not extend to allegations of rebellion or treason.
The agency said its outnumbered investigators had several scuffles with presidential security forces that threatened their safety and expressed “serious regret” that Yoon was not complying with the legal process.
After getting around a military unit guarding the residence’s grounds, the agency’s investigators and police were able to approach within 200 meters (yards) of Yoon’s residential building but were stopped by a barricade comprising around 10 vehicles and approximately 200 members of the presidential security forces and troops. The agency said it wasn’t able to visually confirm whether Yoon was inside the residence.
The Defense Ministry says the troops at Yoon’s official residence are under the control of the presidential security service. Kim Seon-ho, the acting defense minister, conveyed his concern to the presidential security service, saying that deploying military personnel to block the execution of the detention warrant would be “inappropriate” and requesting that the troops aren’t placed in a position where they might confront police, according to the ministry.
Yoon’s defense minister, police chief and several top military commanders have already been arrested over their roles in the period of martial law.
Yoon’s presidential powers have been suspended since the National Assembly voted to impeach him on Dec. 14. Yoon’s fate now lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Yoon from office or reinstate him.


More records found linking Credit Suisse, Nazi accounts: US panel

Updated 05 January 2025
Follow

More records found linking Credit Suisse, Nazi accounts: US panel

  • US Senate Budget Committee says Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts during World War II
  • Credit Suisse, now a subsidiary of investment bank UBS, agreed in 1998 to take part in a $1.25 billion settlement of lawsuits brought by Holocaust survivors

WASHINGTON: An investigation by a US Senate panel has found that troubled investment bank Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts during World War II.
Tens of thousands of documents discovered during an ongoing examination have provided new proof of the existence of account holders linked to the Nazis, the Senate Budget Committee said in a statement released Saturday.
The bank did not reveal the existence of these accounts during previous investigations, notably in the 1990s, the committee said.
Credit Suisse, now a subsidiary of investment bank UBS, agreed in 1998 to take part in a $1.25 billion settlement of lawsuits brought by Holocaust survivors, but it has been accused of not being completely open about its past dealings with Nazis.
The Senate committee said Saturday that one set of newly discovered files, including 3,600 physical documents and 40,000 microfilms, was found to have a “high relevance rate” of Nazi connections.

Screenshot image showing a portion of a US Senate Budget Committee investigation into Credit Suisse’s World War II-era accounts, which was posted online by Sen. Chuck Grassley.

It said the revelations stem from an interim report by former prosecutor Neil Barofsky, who was fired as an “independent ombudsperson” by the bank in 2022 after being pressed to limit his investigative work.
Barofsky was reinstated in the role in 2023 “as a result of the Committee’s investigation,” and after UBS’s takeover of Credit Suisse.
In a letter to the panel released Saturday, Barofsky noted the “extraordinary level of cooperation that Credit Suisse, under the leadership of UBS, has provided” since he rejoined the company.
But he said Credit Suisse had yet to share all the information it held.
The Barofsky team has discovered, among other things, accounts controlled by high-ranking SS officers, the Wall Street Journal reported.
In his letter, Barofsky highlighted “especially noteworthy” discoveries from a Credit Suisse research department.
“Numerous client files in the sample are marked with a stamp stating ‘Amerikanische schwarze Liste’ — meaning ‘American Black List’ — a list maintained by the Allies of individuals and companies that were directly financed by, or were known to regularly trade with, Axis powers,” he wrote.
“One file bearing this stamp relates to an entity that was involved in selling looted Jewish assets.”
Contacted by AFP, UBS said it was committed to providing a complete record of the former Nazi-linked accounts in Credit Suisse’s predecessor banks.
It said it would provide Barofsky with all necessary assistance in his work to shed light “on this tragic period.”
The Senate panel’s investigation is continuing.
 


End of Ukraine gas transit deal plunges Moldova’s pro-Russian region into crisis

Updated 05 January 2025
Follow

End of Ukraine gas transit deal plunges Moldova’s pro-Russian region into crisis

  • Kyiv refuses to renew the deal, leaving the breakaway region of Transdniestria without gas
  • With longer rolling blackouts, residents are left without heating, hot water

KYIV: The pro-Russian breakaway Moldovan region of Transdniestria, left without Russian gas supplies no longer transiting through neighboring Ukraine, faced longer periods of rolling power cuts on Saturday, local authorities said.
Flows of Russian gas via Ukraine to central and eastern Europe stopped on New Year’s Day after a transit deal expired between the warring countries and Kyiv refused to extend it.
Transdniestria, a mainly Russian-speaking enclave which has lived side-by-side with Moldova since breaking away from it in the last days of Soviet rule, received gas from Russian giant Gazprom through the pipeline crossing Ukraine.
The gas was used to operate a thermal plant which provided electricity locally and for much of Moldova under the control of the pro-European central government.
The region’s self-styled president, Vadim Krasnoselsky, writing on the Telegram messaging app, said rolling power cuts in various districts would be extended to four hours on Sunday.
Hour-long cuts were first imposed on Friday evening after heating and hot water supplies were curtailed. The cuts were then extended to three hours on Saturday.
“Yesterday’s introduction of rolling cuts was a test. And it confirmed that an hour-long break to keep the electrical supply system operating was insufficient,” Krasnoselsky wrote. “The power generated is not covering sharply rising demand.”
All industries except those producing food have been shut down. The official Telegram news channel of the region’s separatist authorities announced the official closure on Saturday of a steel mill and bakery in the town of Rybnitsa.
Regional officials announced new measures to help residents, especially the elderly, and warned that overnight temperatures would fall to -10 Celsius (+14 Fahrenheit). Residents were told not to put strain on the region’s mobile phone network.

Using firewood
The news channel warned against using heaters in disrepair after two residents died of carbon monoxide poisoning from a stove. Online pictures showed servicemen loading up trucks with firewood for distribution.
“Don’t put off gathering in firewood,” Krasnoselsky told residents. “It is better to ensure your supply in advance, especially since the weather is favorable so far.”
Moldova’s government blames Russia for the crisis and has called on Gazprom to ship gas through the Turkstream pipeline and then through Bulgaria and Romania.
Russia denies using gas as a weapon to coerce Moldova, and blames Kyiv for refusing to renew the gas transit deal.
The Transdniestria power cuts are a problem for Moldova particularly because the enclave is home to a power plant which provides most of the power for government-controlled areas of Moldova at a fixed and low price.
Prime Minister Dorin Recean said on Friday his country faced a security crisis after Transdniestria imposed the rolling blackouts, but he also said the Chisinau government had prepared alternative arrangements, with a mixture of domestic production and electricity imports from Romania.
Even before the halt of supplies via Ukraine, Gazprom had said it would suspend exports to Moldova on Jan. 1 because of what Russia says are unpaid Moldovan debts of $709 million. Moldova disputes that and put the figure at $8.6 million.


Mali’s army claims arrest of Daesh group leader

Updated 05 January 2025
Follow

Mali’s army claims arrest of Daesh group leader

BAMAKO: Mali’s army said Saturday its forces had arrested two men, one of them a leading figure in the Sahel branch of the Daesh group.
The army announced they had also killed several of the group’s fighters during an operation in the north of the country.
A statement from the army said they had arrested “Mahamad Ould Erkehile alias Abu Rakia,” as well as “Abu Hash,” who they said was a leading figure in the group.
They blamed him for coordinating atrocities against people in the Menaka and Gao regions in the northeast of the country, as well as attacks against the army.
Mali has faced profound unrest since 2012 linked both to militants associated with Al-Qaeda and the Daesh group, and to local criminal gangs.
The country’s military rulers have broken ties with former colonial power France and turned, militarily and politically, to Russia.