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Failure Of This Gov’t Legendary, Dissolve Economic Management Team ASAP! – Minority | Politics

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The Minority in Parliament has asked Vice President Dr Mahamudu Bawumia to resign as the head of the Economic Management team.

They have also called on President Akufo Addo to “dissolve the economic management team because they have not lived up to expectation…their performance has been abysmal”.

The Minority expressed these sentiments at a press conference held on Friday.

Precarious Economic Situation

There appears to be no end in sight to the precarious economic situation in the country at the moment.

The Ghanaian economy is presently facing a serious crisis brought on to a large extent by COVID-19 and recent geopolitical developments. A domestic policy credibility deficit, arising in part from the budget stalemate in Parliament over the Electronic Transaction Levy and a rising debt level, has compounded the crisis.

Subsequently, the crisis has led to the downgrading of Ghana by credit rating agencies, which has restricted access to international bond markets, increased borrowing costs and fuelled disinvestments from the money and capital markets, causing a sharp depreciation in the cedi.

Again, rising commodity prices across the world have also fuelled domestic inflation.

Fuel Rise & Cedi Fall

This year, fuel prices have been adjusted upwards three times and it is only the third month since the year begun.

On Wednesday, March 16 2022, the Institute of Energy Security reported a possible and imminent 5% increment in fuel prices.

Exacerbating the problem is how the Ghana Cedi has been left chasing the shadows of some major foreign trading currencies after falling into an unprecedented depreciation against particularly the United States dollar.

Analysis of the relevant data shows it has seen its worst performance in the past seven years.

The situation of the dollar also makes it difficult not only for Ghana’s import dependent economy to thrive, but the country’s debt levels will continue to soar as it will need more dollars to settle them.

Bawumia Comatose

Addressing the media, John Jinapor, Member of Parliament for Yapei-Kusawgu, questioned the ‘loud silence’ of the Vice-President, most especially on economic issues saying “he has gone comatose; he is nowhere to be found.”

Indeed the failure of this govt is legendary, the failure of this government is unprecedented…we believe that something must be done,” he added.

Options

Proferring solutions to what can be done to ameliorate the situation and keep the currency stable, the Minority believes pragmatic steps must be taken to “cushion Ghanaians“, and that according to them, include desisting from “profligate and ostentatious expenditure“.

Apart from that government must “take a critical look at the Tema Oil refinery to refine our domestic crude oil“.

 

Ghana’s current public debt stock stands at a staggering ¢341.8 billion with a corresponding debt to GDP ratio of more than 77% as of September ending 2021.

This means if the country should share this amount across the country’s 30.8 million population, everyone will owe approximately ¢11,000.

In terms of interest payments on our borrowings, Ghana has spent on average 147 billion Ghana cedis, which is 47 billion Ghana cedis more than our projected revenue plus grants for 2022.

Source: Peacefmonline.com

 

 

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EC Begins Inspection Of Political Party Offices | Politics

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The Electoral Commission (EC) has begun inspecting all registered political party offices across the country to ensure that they operate in line with the Political Parties Law.

This forms part of the mandates of the Commission as enshrined in the Political Parties Act 2000 (Act 574) to inspect political party offices and monitor their activities.

“The Political Parties Act, 2000 (Act 574) mandates political parties to have offices at the national, regional levels and at least in two-thirds of the districts in the country,” the EC stressed.

In a letter addressed to the political parties, the Commission reiterated that it wanted to see “if the political parties are functioning and if they meet the requirements by Act 574, including having functioning offices, filing of their accounts at the EC and whether their offices are owned by them or rented.

 

 

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

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‘Nana Kafra, We Made An Irreversible Mistake’ – Manasseh Tackles Akufo-Addo | Politics

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Manasseh Azure Awuni, an investigative journalist, has said, the majority of Ghanaians made a mistake in 2016 and 2020 when they voted for Nana Addo Dankwa Akufo-Addo as the President of Ghana.

He pleaded with the President to have pity on Ghanaians until he leaves office in 2025.

“Nana, kafra. We made an irreversible mistake. Have pity on us until January 7, 2025,” he wrote on his official Facebook timeline.

Manasseh’s frustrations comes after reports suggesting that the Government has gazetted an Executive Instrument (E.I.) to approve the redesignation, sale or development of Achimota Forest.

In an earlier post on his Facebook timeline, the journalist asked, “How have we wronged you, Akufo-Addo? You gave Atewa to the Chinese, and now you want to desecrate Achimota?”

A document from the Ministry of Lands and Natural Resource, making reference to an Executive Instrument, stated that the Achimota Forest Reserve is to no longer be regarded as a forest reserve.

“An Executive Instrument (E.I.) 144 gazetted on behalf of President Akufo-Addo by the Lands Minister Samuel Abdulai Jinapor indicates that effective May 1, 2022, the land on which the Forest is located shall cease to be a forest reserve.

“The President’s action was in accordance with Section 19 of the Forest Act, 1927 (CAP. 157) which gives him the authority to declare that particular land is no longer required as a forest reserve,” portions of the purported E.I. read.

Meanwhile, Samuel Abu Jinapor, Minister, Lands and Natural Resources, has dismissed reports suggesting that the Government has gazetted an Executive Instrument (E.I.) to approve the redesignation, sale or development of Achimota Forest.

“Achimota Forest has not been sold, it has not been compromised, it will not be sold, it remains as it is. We will continue to reforest the Achimota Forest and God willing, we intend to develop the Achimota Forest into a true forest reserve, which will serve Accra and the people of Ghana,” Jinapor said at a press conference in Accra.

 

 

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29 File To Contest NPP Regional Executive Positions | Politics

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A total of twenty-nine (29) persons filed their nomination to contest the Eastern regional Executives’ position of the ruling New Patriotic Party by the close of nomination on Tuesday, May 17, 2022.

The aspirants will be vetted Wednesday and Thursday, for balloting ahead of the election scheduled for next week.

Two persons, Jeffrey Konadu Addo, incumbent Regional Secretary, and Kwadwo Boateng Agyemang, New Juaben North Constituency Chairman is contesting the Regional Chairmanship position.

Francis Obeng and Richard Koranteng Twum also filed for the 1st Vice Chairmanship position.

Six persons Ebenezer Lawrence Ayisi, Michael Oteng Adu, Frank Appiah, Nana Oteng Akuffo Akoto, Hormenu Kofi Walter, and Paul Amaning filed to contest the Regional Second Vice Chairman position.

The Regional Secretary position is being contested by Anthony Osei Adjei, the Eastern Regional Director of the National Communication Authority (NCA), and Buckman Akuffo, a Lecturer at Koforidua Technical Institute.

Nana Sefa Edmund Papin (incumbent), Felix Osafo Marfo, and Robert Osei Danso Ofori Attah also filed to contest the Assistant Secretary position.

The incumbent Regional treasurer Kumi Larbi Benjamin is being challenged by Opoku Peterson Dacosta.

The Regional Organizer position saw three persons -Jerry Osei Opoku, the incumbent Youth Organizer, Opoku Acheampong George, and Ahmed Yusif Yonah file to contest.

The incumbent Regional Women’s Organizer Fati Vondolie is being challenged by Mercy Ano Darkoh, Headmistress of Mount Sinai SHS.

The regional youth organizer position is keenly being contested by six aspirants -Adamu Musah Raha, Wuttoh Agoku Asante Isaac, Alfred Believe Awatsi, Aaron Donkor, Nana Afari Kwagyire Aggrey, and Baffuor Agyemang Sarkodie

Hussein Mohammed Fadilu is the only aspirant who filed for the Regional Nasara Coordinator position.

Addressing the media, Kwame Appiah Kodua, who was in charge of the filing process said all the aspirants will be vetted on Wednesday and Thursday and when cleared, balloting will be done ahead of the election scheduled for next week.

The Eastern Regional Chairmanship position is keenly being contested by Jeffery Konadu and Kwadwo Boateng Agyemang who were recently re-elected for the fourth time as New Juaben North Constituency Chairman.

Information gathered indicates that Jeff Konadu refused to yield to pressure from the presidency to step down on basis that he is from Kwahu given that the Eastern Regional Minister, Seth Kwame Acheampong, Eastern regional representative of Council of state Paa Kofi Ansong, and the IGP Dr. George Akuffo Dampare are all from Kwahu, hence not a prudent decision for him to become Regional Chairman.

Kwadwo Boateng Agyemang, cousin of Hackman Owusu Agyemang founding member of NPP however told the media after filing the nomination form allegations that he is being pushed by some bigwigs in the party and the Presidency to contest the position are immaterial because he is a competent and experienced politician to be Regional chairman.

“First of all, is the party that begets the government. Am I not part of the government? I have been a communicator for this party for the last 8 years so the one saying that some bigwigs are behind let me ask them, those supporters following them are they not party members, are they not bigwigs. In the region, everybody knows I am the most senior chairman. I have been constituency chairman for four terms that are 16 years .so let the candidate bring his record it is not a matter of some bigwigs supporting,” he said.

Source: starrfm

 

 

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

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