Dr. Mensah - 2016 Budget must show massive expenditure cuts

Seth Terkper

 Lecturer of Business and Finance department of the University of Ghana Business School, Dr. Laud Mensah has identified the need to cut government expenditure as the one of the key things the  2016 budget must achieve.

With the minister of finance, Seth Terkper set to deliver the 2016 Budget in parliament come Friday 13th November 2015, Pulse Business is sampling the expert opinions of economists and analysts on what a transformational budget will must look like, cognizant of the current economic challenges bedevilling the country.

Lecturer of Business and Finance department of the University of Ghana Business School, Dr. Laud Mensah has identified the need to cut government expenditure as the one of the key things the  2016 budget must achieve.

Herve Renard sacked from Lille

Herve Renard

 Africa Cup of Nations-winning coach Herve Renard has been sacked as manager of French Ligue 1 club Lille, less than six months after being appointed.

"LOSC announce the decision to amicably end its collaboration with Herve Renard. Herve Renard is therefore no longer the coach of LOSC," read a statement on the club's website on Wednesday.

The 47-year-old Frenchman, who led the Ivory Coast to Cup of Nations glory in February, was only appointed in May following the departure of Rene Girard but leaves with 2011 double winners Lille in 16th place in Ligue 1 after 13 games.

Kweku Baako - Martin Amidu's pillar has collapsed

Kweku Baako Jnr

Editor-in-chief of the New Crusading Guide newspaper, Kweku Baako Jnr has discredited recent allegations by former Attorney General, Mr Martin Amidu, that government had commissioned Tiger Eye PI to uncover the rot in the judicial system.

According to him, the supposed evidence Mr Amidu claimed to have in respect of his allegations were wrong, adding that his "pillar" of evidence to show that there’s a connection between Tiger Eye and government relative to judicial corruption investigation had collapsed.

Describing Mr Amidu as a person with integrity, Mr Baako nonetheless, said it was worrying the tangent on which he was making his allegations.

Bayern stand by Beckenbauer

Franz Beckenbauer

Bayern Munich will stand by honourary club president Franz Beckenbauer amid calls for the embattled German legend to explain his part in the 2006 World Cup scandal, chairman Karl-Heinz Rummenigge said.

Beckenbauer, 70, headed up Germany's organising committee for the 2006 World Cup finals, the awarding of which has become the subject of a police investigation here after magazine Spiegel made allegations that Fifa votes were bought in 2000.

'The Kaiser' has remained silent even after Wolfgang Niersbach resigned as president of the German Football Association (DFB) on Monday and took "political responsibility" for the scandal.

On Tuesday, the DFB confirmed reports of a draft agreement, signed in part by Beckenbauer, which daily Bild claims was aimed at buying "votes for the German bid" in July 2000 – just four days before Germany was awarded the 2006 World Cup.

But Rummenigge says the current German league leaders will stand by his former Bayern and West Germany teammate Beckenbauer, who captained his country to the 1974 World Cup title and coached the triumphant 1990 team.

Valbuena has no ill will towards Benzema

Mathieu Valbuena and Karim Benzema

Mathieu Valbuena feels "no particular animosity" towards his France colleague Karim Benzema, who has been charged in the sex tape blackmail affair involving the midfielder, Valbuena's lawyer said on Tuesday.

"There was no animosity before and there still is none," Didier Domat, representing Valbuena, told AFP as he called for "prudence" after extracts were released to the press of telephone recordings of Benzema discussing the affair.

"One cannot remain indifferent to what one sees in the press. Certainly if we discover that all this is true, he (Valbuena) will not be his friend," continued the lawyer for the 31-year-old Lyon player.

Kwesi Nyantakyi sworn-in to third straight FA Presidency term

Kwesi Nyantaky

Kwesi Nyantakyi has been sworn in as the President of the Ghana Football Association for a third successive term at the Ghanaman Soccer of Excellence.

Prof. Adei Cautions Workers Of SSNIT

Prof. Stephen Adei

The former Reactor of the Ghana Institute of Management and Public Administration (GIMPA), Prof. Stephen Adei has called for the need for a National Universal Pension for all Ghanaians by virtue of their citizenship.

The former GIMPA Reactor made the proposal at a symposium to mark the fiftieth (50th) anniversary of Social Security in Ghana last Thursday.

Speaking on the topic, “Social Security – The Way Forward”, Prof. Adei said the new scheme when adopted will replace the Livelihood Empowerment against Poverty (LEAP) program.