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2024 budget: It is practically impossible for Akufo-Addo to redeem himself – Haruna Iddrisu
Ofori-Atta, will be delivering the 2024 budget and economic plan.
This will be the last budget reading under the Akufo-Addo-led administration.
Commenting on what to expect from the budget reading, Member of Parliament for Tamale South, Haruna Iddrisu, said it is too late for President Akufo-Addo to salvage the economy.
According to him, the ruling New Patriotic Party had spent the past seven years wrecking the nation’s economy, and it is practically impossible for them to correct their mistakes in just one fiscal year.
Speaking on Joy FM’s Super Morning Show, the former Minority Leader explained that it will take a miracle for such a feat to be accomplished thus urged Ghanaians to be measured in their expectations ahead of the budget reading.
“If you use seven years to create this distress how are you going to use one year to redeem? Practically impossible and therefore your expectation should be one where too little too late, he simply has no time to redeem given the monumental damage they have done to our economic score card whether it’s inflation ending 2022 at more than 50%, today around 40%, interest rate unacceptably high, depreciation of the cedi,” he said.
Haruna Iddrisu stated that while he had hoped that the budget would chart a path that will lead to private sector driven economic growth in the country, suggestions of more revenue mobilization and new taxes suggest otherwise.
He urged Ghanaians to gird up their loins for the fiscal year ahead.
He said, “We will reel under some extreme hardship. Poverty as reported by ISSER and many other international bodies including the world bank has increased and post covid, we’re not seeing the kind of economic interventions that will spur growths and therefore growth has stunted over the years since 2020 and it’s likely to remain same.”
Source:myjoyonline.com
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
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Prophet Courage Heavens set to launch ‘Predestination’ book on March 23
Prophet Courage A. Heavens is set to launch the much-awaited book titled ‘Predestination’ on Sunday, March 23, 2025 at 5:00PM.
The launch, which is expected to impact lives, will take place at Crossgates Ministries, Flattop, off N1 Highway, opposite Angel Hauz.
The book is aimed at addressing the way people struggle to understand how free will and destiny align.
It is also aimed at providing clarity on God’s sovereignty and one’s place in His divine plan.
The various chapters of the book address various issues through scriptures and personal stories.
Committed to impacting society, part of the proceeds from the book will go into Courage Heavens Education Legacy (CHEL), an educational foundation transforming lives.
CHEL is dedicated to providing financial support and mentorship to brilliant but needy students, ensuring they have access to quality education and opportunities for a better future.
Prophet Courage Heavens is a prolific writer and previously authored Eli Eli Lama Sabachthani, a powerful book that encourages unwavering faith in times of trials.
In addition, he has written seven more prophetic and life-changing books that are yet to be published.
He is dedicated to raising the next generation for impactful ministry. As the leader of Crossgates Ministries, he nurtures believers in faith and purpose.
