Politics

Cabinet has approved steps to support Ghana’s economic recovery

Published

7 months ago

October 23, 2023

Majesty

The Information Minister, Kojo Oppong Nkrumah, told media following the three-day cabinet retreat in Peduase Lodge that Cabinet was delighted with the outcomes of the PC-Peg implementation. He emphasised the economy's relative stability and recovery, noting that measures are being taken to reduce inflation from its present level of 38.1%. Oppong Nkrumah went on to say that budgetary consolidations, cedi stabilisation, job creation, inflation, and international reserves had all improved dramatically.

Cabinet has adopted further economic measures to support Ghana’s economic recovery.

The action aims to further solidify growth stability and restrict expenditure.

President Nana Addo Dankwa Akufo-Addo and his Cabinet began a three-day retreat on October 20 to discuss the country’s economy and the humanitarian situation that has devastated many sections of Lower Volta as a result of the Akosombo and Kpong Dam spills.

The withdrawal follows the International Monetary Fund’s acceptance of the next tranche of $600 million in balance-of-payment support for Ghana following the conclusion of a staff agreement.

The Information Minister, Kojo Oppong Nkrumah, told the media following the three-day cabinet retreat in Peduase Lodge that Cabinet was delighted with the outcomes of the PC-Peg implementation.

He emphasised the economy’s relative stability and recovery, noting that measures are being taken to reduce inflation from its present level of 38.1%.

Oppong Nkrumah went on to say that budgetary consolidations, cedi stabilisation, job creation, inflation, and international reserves had all improved dramatically.

“The major item cabinet was considering was the economy. Firstly, to examine the implementation of post-crisis economic growth. The PC-Peg was examined to determine whether or not it was bearing the fruits that we were looking for. And secondly, to see if there are any consequential decisions to be made. The first thing that the cabinet did was to take note of the implementation of the progress of the PC-Peg and the cabinet was pleased with the results so far– The relative stability that is returning to the Ghanaian economy and the relative recovery. As you can notice, inflation is coming down, currently about 38%, it’s still high, but there’s a combination of efforts to ensure that it comes down a bit more. The cedi is largely stabilised. The International Reserves position is gradually improving and most importantly, fiscal consolidations are being achieved. Between last year and this year, it’s been achieved.”

He emphasised, “Growth and jobs are also picking up and expect more jobs, particularly, for the young people. The cabinet took note of the progress of the implementation post-crisis for economic recovery. This is a programme we are developing, and we needed IMF support. Cabinet is pleased with the implementation. Cabinet has also approved some further economic measures, aimed at further consolidating the stability that we are beginning to see and ensuring that we get a lot more growth expansions and jobs. 2024 is about deepening the stability.”

“We are also trying to bring some spending controls. That means that we are going to be tightly spending within the revenue limit of the country,” Mr. Oppong Nkrumah added.

Politics

Limited voter registration: Resolve all difficulties to ensure seamless procedure – NPP to EC

Published

12 hours ago

May 8, 2024

Majesty

“Today is day one and it is expected that all those who are of age, the EC must come clear to us and let us know what is really happening. I mean, as I said, we can’t work out this situation where people have moved from their homes to registration centres only to be treated in this manner. “It is the reason I am saying that the EC must walk the talk and let us know what the challenges are.”

The New Patriotic Party (NPP) has encouraged the Electoral Commission (EC) to resolve the issues raised on the first day of the restricted voter registration drive.

The NPP voiced fear that unsolved flaws might result in voting disenfranchisement if not addressed.

On the first day of the 21-day voter registration process, there were reports of equipment failures and network issues around the country.

Evans Nimako, Director of Elections and Research for the NPP, stated that the EC must do what is appropriate to guarantee that all eligible voters are registered at the conclusion of the process.

“Today is day one and it is expected that all those who are of age, the EC must come clear to us and let us know what is really happening. I mean, as I said, we can’t work out this situation where people have moved from their homes to registration centres only to be treated in this manner.

“It is the reason I am saying that the EC must walk the talk and let us know what the challenges are.”

Politics

I have trust in Bawumia to continue my excellent works – Akufo-Addo

Published

13 hours ago

May 8, 2024

Majesty

He cautioned that choosing John Dramani Mahama as the National Democratic Congress (NDC) flagbearer will imperil his administration's achievements. "Also, after the voting period ends, our task is straightforward. The person I vanquished is dissatisfied with my efforts, thus I cannot hand up authority to them. "He will destroy everything we have done when he comes," he lamented. President Akufo-Addo urged Ghanaians to vote in large numbers for Dr. Bawumia in order to solidify his accomplishments in government. "I implore you to vote for the person with whom I have worked for the past seven and a half years. "I have faith in him, and I know he will come and finish the work I have started," he concluded.

President Nana Addo Dankwa Akufo-Addo has urged Ghanaians to vote for Dr Mahamudu Bawumia in the December elections.

He expressed confidence that Dr Bawumia would continue the good job that was begun during his government.

Speaking at a brief rally in Doboro, Eastern Region, after visiting Blue Skies Limited, President Akufo-Addo stated that his Vice President is the best choice to replace him.

He cautioned that choosing John Dramani Mahama as the National Democratic Congress (NDC) flagbearer would imperil his administration’s achievements.

“Also, after the voting period ends, our task is straightforward. The person I vanquished is dissatisfied with my efforts, thus I cannot hand up authority to them. “He will destroy everything we have done when he comes,” he lamented.

President Akufo-Addo urged Ghanaians to vote in large numbers for Dr Bawumia in order to solidify his accomplishments in government.

“I implore you to vote for the person with whom I have worked for the past seven and a half years. “I have faith in him, and I know he will come and finish the work I have started,” he concluded.

Politics

Tina Mensah blames former MCE Patrick Kumor’s death on Akufo Addo

Published

1 day ago

May 7, 2024

Majesty

"My late MCE did nothing to earn his dismissal; the only error he made was to back me, and I lost the primaries. "How can someone who been named the number one MCE at the national and regional levels be fired? He got various honours for his efforts as MCE. He was replaced without consulting me," she allegedly told Accra-based Onua TV/FM while visiting the grieving family to express her condolences.

Tina Ayele Mensah, a Weija-Gbawe Member of Parliament (MP), has conveyed her condolences on the tragic death of Patrick Kumor, the former Municipal Chief Executive (MCE).

Madam Mensah has ascribed Mr Kumor’s death to his removal from government in February 2024, which she says was not the wisest decision.

The MP said that the dead backed her re-election in the New Patriotic Party (NPP) parliamentary primaries.

“My late MCE did nothing to earn his dismissal; the only error he made was to back me, and I lost the primaries.

“How can someone who has been named the number one MCE at the national and regional levels be fired? He got various honours for his efforts as MCE. He was replaced without consulting me,” she allegedly told Accra-based Onua TV/FM while visiting the grieving family to express her condolences.

According to the member, Mr Kumor was unable to endure the news and recover from the shock.

“Patrick isn’t as powerful as me. I don’t mind if you fire me; but, Patrick is not like me. Patrick couldn’t stop thinking about his bag, and his blood pressure continued to rise. “‘Afei se asa’ (it is finished), Patrick is gone,” she stated.