Hot!
“Assist ECOWAS with Resources In Terror Fight, like you do for Ukraine” – Pres Akufo-Addo To UK, US, & EU
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has called on leaders of the global community to put into full effect the provisions of Chapters Seven and Eight of the UN Charter and provide proportionate support to Africa’s fight against terrorism and violent extremism.
According to President Akufo-Addo, despite the considerable economic difficulties confronting ECOWAS Member States, eleven (11) Member States of the fifteen (15) Member States of ECOWAS, the four (4) military-led States having been suspended, have made clear their willingness to take the fight to the terrorists, if they were sufficiently empowered.
“Comparisons, they say, are odious, but some cannot be ignored. The Russian war on Ukraine has elicited, according to my information, some US$73.6 billion in American support for Ukraine, US$138.8 billion from the European Union and its Institutions, and US$14.5 billion from the United Kingdom,” he said.
The President continued, “On the other hand, the security assistance from the US, the EU and the UK to ECOWAS have, in total, in the same period, amounted to US$29.6 million.”
With the right amount of support to ECOWAS, he was certain that the terrorists “can be chased out of West Africa and the Sahel too. Foreign troops would not have to be involved. West African troops can do the job. The Accra Initiative is a good example of indigenous self-help.”
President Akufo-Addo was speaking on “Democracy and Security in West Africa”, at the United States Institute of Peace’s Programme on Governance and Peace, on Thursday, 12th October 2023, in Washington D.C., U.S.A, when he made this known.
Explaining the emergence of terrorists in West Africa, the President noted that “the terrorists, as we all know, were chased out of the Middle East and Afghanistan before taking refuge in Muammar Gaddafi’s Libya, from where they fled across the Sahara to find refuge in northern Mali after Gaddafi’s downfall.”
They have, since then, he intimated, “spread their pernicious influence eastwards and southwards, with the coastal states of West Africa their ultimate destination.”
Citing rising levels of displacement of populations in many parts of the Sahel due to the insecurity engendered by the armed groups, President Akufo-Addo, who has been a 2-term Chairman of ECOWAS said, “Africa has become the centre of attraction for terrorist groups which are multiplying in the region, following defeats suffered in other parts of the world.”
In the face of marked successes chalked, he stated that, the disproportionate impact of the COVID-19 pandemic on developing countries, has unfortunately, “left many countries and regional bodies, particularly in the Sahel, in very dire economic situations. This has compounded the challenges we face in the mobilisation of resources to fight terrorists in our backyards.”
The focus on this and the challenge against democracy across the region, the President added, is because “we have, virtually, run out of time to work together in the spirit of multilateralism,” and added that, “if we do not renew our commitments to build, keep and consolidate peace and democracy all over the world, we would have to brace ourselves to live in a new and more dangerous world today and in the future.”
Hot!
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.
Hot!
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
