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By Alex Osei-Boateng

ACCRA www.2018airmax.org , July 25 (Xinhua) -- The Ghanaian government is considering issuing a joint response with its Football Association (GFA) to FIFA on the establishment of a Commission of Enquiry to look into the country' s recent World Cup flop, Mahama Ayariga, minister of Youth and Sports, said here on Friday.

The Commission was set up by Ayariga to look into activities that led to Ghana' s poor performance at the recent 2014 World Cup in Brazil.

World football governing body FIFA wrote to the GFA over the establishment and composition of the Commission of Enquiry by the government.

However, Ayariga said in a statement that he had discussed with the GFA on this arrangement which would help FIFA to know the opinion of both the GFA and the Ghanaian government.

The Black Stars cheap air max 2018 shoes , making a third straight World Cup appearance, failed to make it past the first round after they picked up a point from the three group games played against the United States, Germany and Portugal.

Ghana's World Cup campaign was dogged by controversies after the team nearly boycotted the game against Portugal over unpaid appearance fees, leading to the ouster of two players, Sulley Ali Muntari and Kevin-Prince Boateng cheap nike air max 2018 , from the team's camp for misconduct.

The Commission, headed by Justice Senyo Dzamefe, an Appeals Court Judge, was instituted to enquire into matters relating to the team' s preparation for the tournament and possible lapses which might have caused their early exit.

It will also enquire into matters relating to the treatment of Ghanaian football fans who were sent to support the Black Stars and advise government on the financing of activities of the Black Stars and other national teams, among other matters cheap air max 2018 , of public interest concerning the organization of Ghana' s Black Stars' participation in the tournament.

The Ghana FA has reiterated its readiness to cooperate with any commission of enquiry into happenings at the World Cup provided it is done according to the prevailing laws of FIFA.


BEIJING, July 24 (Xinhua) -- Every major economy has its own "grey rhinos" -- big and neglected economic risks.

In China's case, it is the rapid build-up of financial risks caused by debt-fueled investment growth, as People's Daily, the mouthpiece of the Communist Party of China Cheap Nike Air Max 90 Pinnacle Black Navy , warned after a major financial work conference.

U.S. policy analyst Michele Wucker coined the term "grey rhino" to depict highly visible, high-impact threats that people should see coming, but often do not.

It helps decision makers recognize obvious issues and act early to stop these problems from getting out of control, the Chicago-based author explained.

Chinese authorities are obviously on guard.

The Chinese economy ended the first half of 2017 on a solid note, but concerns about the country's financial and debt risks remain serious.

The last round of economic expansion fueled by easing of the monetary policy has generated a string of side-effects: excessive leverage Cheap Men's Nike Air Max 90 Ultra SE Blue , the lacking role of the financial sector in the real economy and inadequate financial regulation in the face of rising moral hazard.

Never underestimate the cyclical, structural, and institutional risks facing the Chinese economy. Never downplay the spillover effects of financial woes into other economies as global markets are interconnected now more than ever.

Fully aware of the risks, the Chinese leadership is focused on tackling deep financial risks and sparing no efforts to address financial irregularities.

At the financial work conference, the leadership has the consensus that guarding against systemic financial risks is the eternal theme of financial work and the government should take a stronger initiative to monitor Cheap Men's Nike Air Max 90 Woven Brown White , warn against, and deal with risks in a timely manner.

The creation of a "super regulator" shed light on the new thinking of the central government in addressing financial woes. With the central bank given a bigger role, this new committee will enhance coordination and improve weak links in financial oversight.

China's financial risks are generally under control and the economy is equipped with ample ammunition to neutralize the risks.

The Chinese economy grew faster than expected in the second quarter with rebalancing efforts showing visible progress. A sound and stable macro-economic outlook has created room for regulators to intervene.

The economy is also backed by banking assets worth nearly 232 trillion yuan (34.12 trillion U.S. dollars), the largest in the world; its stock market is valued at about 52 trillion yuan; its public and private offered funds are worth 18 trillion yuan. Its insurance asset value is close to 16 trillion yuan.

Regulators have not scaled down efforts to ward off risks. The central bank has adopted a macro-prudential assessment. The securities regulator has harshly punished a number of listed firms for illegal acts. Banking and insurance regulators have taken varied measures to keep risk in the sectors under control.

Wucker stated that a prime example of an ignored "grey rhino" is the 2008 financial crisis, which prompted many countries to loosen monetary policy and flooded their economies with cheap lending.

"If we do not address the unintended consequences Cheap Nike Air Max 90 Leather Women's Pink White , we are in for another huge fall," she said.

Global finance is a network in which everything is connected to everything else. As China strengthens its financial security, it will act as a stabilizer in the global financial safety net.

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