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BoG Governor must receive our petition in person – Minority demands
The Minority in Parliament is demanding the Governor of the Bank of Ghana, Dr. Ernest Addison to be the receiver of its petition during its protest on September 5, 2023.
The Minority had given a 21-day ultimatum for the Governor of the Bank of Ghana, Dr. Ernest Addison, and his deputies to step down, citing concerns about the central bank’s handling of the 60 billion Ghana Cedis losses reported in its 2022 financial statement and the ongoing $250 million new head office project.
The group has thus decided to protest at the premises of the Bank of Ghana on September 5 over the continuous stay in office of the Governor and his deputies.
Speaking to journalists after a closed-door meeting with the police on procedures for the demonstration, the Member of Parliament for Bawku Central, Mahama Ayariga said they are hopeful that the police will communicate their demand to the Governor of the Bank of Ghana.
BoG Governor must receive our petition in person – Minority demands
byNii Ayikwei Okine August 24, 2023 Reading Time: 2 mins read
The Minority in Parliament is demanding the Governor of the Bank of Ghana, Dr. Ernest Addison to be the receiver of its petition during its protest on September 5, 2023.
The Minority had given a 21-day ultimatum for the Governor of the Bank of Ghana, Dr. Ernest Addison, and his deputies to step down, citing concerns about the central bank’s handling of the 60 billion Ghana Cedis losses reported in its 2022 financial statement and the ongoing $250 million new head office project.
The group has thus decided to protest at the premises of the Bank of Ghana on September 5 over the continuous stay in office of the Governor and his deputies.
Speaking to journalists after a closed-door meeting with the police on procedures for the demonstration, the Member of Parliament for Bawku Central, Mahama Ayariga said they are hopeful that the police will communicate their demand to the Governor of the Bank of Ghana.
“One of the key issues in our demand, when we met with the police, is that we want the governor to be the one to receive our petition and that is why we must march to the Central Bank building itself so that he can come down and receive the petition himself. And we insisted on that position, and so I believe the police will convey our demands to him and I believe that he will make himself available.”
The Minority was invited by the Greater Accra Regional Police Command on Wednesday, August 23 ahead of the September 5 picketing.
The police later expressed discomfort with the routes selected for the protest and asked the Minority to relocate the routes and the destination for the picketing which the service said was in the interest of public order, public safety, and running of essential services.
Source: Citinewsroom.com
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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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
