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Bad leaders exploiting Ghana’s weaknesses for their gain – Prof. Adei
Economist, Prof Stephen Adei has warned Ghanaian politicians against the continuous exploitation of the country’s societal weaknesses.
According to him, Ghanaian politicians rather than emphasizing the country’s societal strengths to foster development, instead exploit the country’s societal weaknesses such as corruption, hero worship, among others, to further their own parochial interest to the detriment of the country.
This he says has significantly impaired Ghanaians’ ability to choose good leaders to lead the country and has further eroded the country’s democratic dispensation.
“Our political leaders have so much exploited and cleavage in our culture the poverty of the people, their hero worship and the rest, and our values which guarded us in the past has been so downplayed,” he said on Joy FM’s Super Morning Show, November 9.
He warned that should the trend continue, disenchanted Ghanaians could lead an uprising against government.
He was, however, worried that the outcome of such an uprising could lead to worse conditions than the country is currently facing.
“The only sad part is that if the politicians continue this course and that gives us a very dangerous trend, there is either the Arab spring type of coup d’états which in our part of the world has always led to a worsened situation,” he said.
Prof. Adei was hopeful that recent agitations against bad governance and calls for more accountable leadership would set in motion a movement to usher in better leadership for the country.
“I talk to lot of young people like you and they’re at this moment they’re waiting for a clean man or woman of character and of competence and who cares for Ghanaians to rise up and let me tell you, there could be a tsunami that will sweep away this almost duopoly of corruption of leaders in Ghana.
“So I think that our society has the capacity and many societies which eventually have good leaders had gone through a bad patch of leadership like we’re experiencing and have experienced in our recent past and by which I’m not talking about a specific regime,” he said.
Source: Myjoyonline.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
