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Celebrate BoG Governor, his Deputies for saving economy – NPP’s Kwamena Duncan
A leading member of the New Patriotic Party and former Central Regional Minster, Kwamena Duncan, has called for the celebration of the Governor of the Bank of Ghana, Dr. Ernest Addison and his two deputies, Dr. Maxwell Opoku-Afari and Elsie Addo Awadzi for saving the economy from collapse.
According to him, the Ghanaian economy was on its knees in 2022 and would have come to a halt if the Governor and his team had not intervened.
Speaking on an Accra-based Peace FM Wednesday, August 23, Mr. Duncan said the financial support given to the government was endorsed by the International Monetary Fund.
His comments are coming at a time when the Minority Caucus in Parliament has announced plans to hold a protest on Tuesday, September 5, 2023, to demand the resignation of the Governor of the Bank of Ghana over allegations of financial malfeasance and mismanagement.
To him, Dr. Addison and his deputies need to be commended and celebrated for saving the economy.
“You will recall that many people doubted if the economy was in crisis because they did not hear that interest payments were not being paid in early 2022, they did not see queues at the pumps for petrol and diesel, there were no shortages of essential items on the market. And they did not hear that public sector workers including civil servants, the police and the military are not being paid their salaries. The reason was that the Bank of Ghana had provided the needed support to keep the economy going”, he pointed out.
“This is what the Governor and his Deputies, this is what they chose to do to get this country going, this is what they did. It is only an unappreciative citizenry, it is only an opposition that wants power at all course; an opposition that unfortunately we have known them, their period in office we have seen it, the person they have selected to lead them we know him [John Mahama] but they want power at all course. This is the opposition’, he further.
He continued that the IMF urged the Bank of Ghana to support the economy after a meeting with the Ministry of Finance and other stakeholders.
“A meeting with the IMF, the Ministry of Finance, and all the stakeholders, the IMF said we can’t leave a vacuum, you have to continue to support the government. If you compare with other governments elsewhere, Ghana is better off.”
Credit: 3news.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.
