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Economist advises the government in the face of economic concerns to reexamine flagship projects

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Economist advises the government in the face of economic concerns to reexamine flagship projects

Professor Lord Mensah, an economist, has urged the government to make harsh decisions and rethink some of its signature programmes in order to successfully manage the economy.

He voiced worry that certain initiatives would need considerable monetary inputs, while others had failed to provide real advantages to Ghanaians, necessitating the government’s continued allocation of monies to them.

Professor Mensah emphasised Agenda 111 and Planting for Food and Jobs (PJF) as specific programmes.

He criticised the $16 million cost of constructing each hospital under Agenda 111. The project’s entire cost is anticipated to reach at least $1.8 billion, with a total of 111 hospitals planned. He stressed that, given the current difficulties in getting dollars, funding such projects with Treasury Bills would result in permanent borrowing.

“Now is not the time to move forward with projects like Agenda 111, which will cost $16 million per hospital.” With such a large investment in infrastructure and equipment, the government would need $1.1 billion to finish the 111 hospitals. However, given the current difficulty in collecting funds, this strategy is unsustainable,” Professor Mensah said in an interview on Adom’s Burning Issues.

The Associate Professor of Finance stated that the Planting for Food and Jobs project has not accomplished its intended aims.

He reasoned that if the initiative was successful, food inflation in the country would not be a significant concern. As a result, he asked the government to forgo continuing investment in the second phase and instead transfer funding to sectors with more demonstrable advantages.

“As evidenced by the current food inflation, the Planting for Food and Jobs project has not produced the desired results.” It would be foolish for the government to continue investing in its second phase without first assessing its effectiveness. “At this critical juncture, redirecting these funds to more beneficial areas would be a prudent move,” Professor Mensah added.

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OccupyJulorBiHouse: Organisers’ derogatory depiction of the presidency is reprehensible – Richard Ahiagbah

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According to Democracy Hub, the rally was held to stress their demands for lower living costs, an end to corruption, and improved governance, among other things. However, in the early hours of Thursday, September 21, police detained 49 protestors, accusing them of unlawful assembly and violating the Public Order Act. The detained individuals ignored court documents filed on the organisers, Democracy Hub, to prevent from carrying out the scheduled rally.

The New Patriotic Party’s (NPP) Communications Director, Richard Ahiagbah, has voiced his concern with the disrespectful captioning of the Jubilee House by leaders of the pressure organisation, Democracy Hub.

The organisers of the scuttled demonstration in Accra on Thursday, Democracy Hub, had dubbed the protest to occupy the precincts of the seat of government, Jubilee House, #OccupyJulorBiHouse, with ‘julorbi’ being a parody of the official name of the presidency in the Ga language, which loosely translates as ‘the child of a thief’.

Mr Ahiagbah, who backed citizens’ freedom to demonstrate, disagreed with the disparaging portrayal of the presidency.

“I don’t agree with the derogatory caption of the Presidency by the organizers of the demonstration, but impeding their right to peaceful assembly is an affront to democracy, plain and simple.”

The NPP Communications Director pointed out that there have been numerous peaceful demonstrations during President Akufo-Addo’s presidency, including the Arise Ghana demo and the Kume Preko demo, which he said did not record such events as happened on Thursday, and wondered why anyone would think the government was behind the disruption of Thursday’s demonstration.

“This is not the publicity we need on a day such as this…Allow!,” he said, in apparent condemnation of the police action.

He highlighted that the Ghana Police Service’s meddling and arrest of demonstrators who took part in the #OccupyJulorBiHouse movement is a violation of the people’s rights.

Mr Ahiagbah stressed in a post on Thursday, September 21, that “the people’s ability to engage in peaceful demonstrations is an inherent democratic right.”

Any action that prevents persons from enjoying this basic freedom, in his opinion, is just wrong.

According to Democracy Hub, the rally was held to stress their demands for lower living costs, an end to corruption, and improved governance, among other things.

However, in the early hours of Thursday, September 21, police detained 49 protestors, accusing them of unlawful assembly and violating the Public Order Act.

The detained individuals ignored court documents filed on the organisers, Democracy Hub, to prevent them from carrying out the scheduled rally.

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OccupyJulorBiHouse: Arresting protesters was unwarranted – Naana Opoku-Agyemang

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Several demonstrators were detained and escorted to the Regional Police Headquarters, including Fix The Country chairman Oliver Barker Vormawor. They were detained in the early hours of September 21 for violating a police order prohibiting the march.

Prof Jane Naana Opoku-Agyemang, the National Democratic Congress (NDC)’s 2020 running mate, has responded to the arrest of #OccupyJulorBiHouse activists.

It is undemocratic and useless, she claims.

The former Education Minister stated on Twitter that the police should have engaged the demonstrators rather than arrest them.

As a result, she has supported demands for the demonstrators to be arrested immediately.

https://x.com/NJOAgyemang/status/1704832264251601273?s=20

Several demonstrators were detained and escorted to the Regional Police Headquarters, including Fix The Country chairman Oliver Barker Vormawor.

They were detained in the early hours of September 21 for violating a police order prohibiting the march.

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Military takeovers are not a solution to Africa’s economic issues – Asantehene

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Several African nations, including Niger and Gabon, have undergone coups in recent years. The most recent event happened in Gabon on August 30, when military soldiers took control and proclaimed the annulment of election results that had pronounced President Ali Bongo the winner. The announcement of the Electoral Commission generated suspicions of fraud by the opposition.

The Asantehene, Otumfuo Osei Tutu II, has voiced grave worry over the growing number of coups on the African continent.

He links these military takeovers to nations’ difficult economic situations, which resulted in the deposition of democratically elected governments.

Otumfuo Osei Tutu II spoke out strongly against military coups as a solution to Africa’s issues during the St. Andrews Africa Summit in Scotland.

He emphasised that, regardless of the circumstances, armed takeovers are not the solution.

“Let me make it categorically clear that regardless of the circumstances, I do not think that a military takeover offers the solution to the problems of our continent. There was a time when circumstances produced the notion that the gun was the solution, those times are over. We are in completely different circumstances now. The critical problems confronting Africans’ economy from North to South, East to West, the burden is the economy,” the Asantehene said.

Several African nations, including Niger and Gabon, have undergone coups in recent years.

The most recent event happened in Gabon on August 30, when military soldiers took control and proclaimed the annulment of election results that had pronounced President Ali Bongo the winner.

The announcement of the Electoral Commission generated suspicions of fraud by the opposition.

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