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Fix depreciating Cedi and stop dancing off-beat – Ato Forson to Bawumia
The Minority in Parliament has expressed concern over the ongoing challenges facing the Ghana Cedi, warning that the situation is likely to deteriorate further.
They highlighted that the local currency now trading at GH₵15 against a dollar has led to traders passing on the increased costs to consumers.
This has resulted in a noticeable surge in the prices of goods and services across various commercial districts such as Okaishie, Abossey Okai, and Kejetia.
Addressing journalists in Parliament on Wednesday, May 15, 2024, the Minority Leader Dr. Cassiel Ato Forson criticised the Chairman of Economic Management Team, Dr. Bawumia, for what he perceives as a failure to address the currency’s depreciation effectively.
Dr. Ato Forson emphasised the adverse impact of the Cedi’s decline on businesses, stressing the need for urgent action to stabilise the situation.
The former Deputy Finance Minister urged all well-meaning Ghanaians to hold Dr. Bawumia accountable for his performance as the head of the Economic Management Team.
He argued that Dr. Bawumia’s administration has fallen short in managing the economic challenges, particularly regarding the stability of the Cedi.
According to him, “In spite of the huge inflows of foreign exchange from the IMF and the World Bank, into the Ghanaian economy, and I’m talking of billions of Ghana cedis, billions of US dollars, the government’s action and its management of the cedi have continued to fuel steep depreciation with no end in sight unfortunately.”
“So far, the decisions of the Economic Management Team, chaired by our Vice President Alhaji Bawumia leaves a lot to be desired. The reality of the Ghanaian economy today exposes the credentials of the so-called economic wizkid who was marketed as the saviour of Ghana’s economy. Alhaji Bawumia’s credibility is now in tatters,” he noted.
“I want to use this opportunity to urge the Vice President to quit his off-beat dancing on the campaign trail and focus on the dancing cedi. There’s a lot awaiting our country as a result of reckless mismanagement by Alhaji Bawumia’s government,” he said.
The Minority’s remarks come amidst growing concerns among traders and consumers regarding the continuous depreciation of the Cedi and its ripple effects on the cost of living.
Many traders have been forced to adjust their prices upwards to offset the increased exchange rates, further burdening consumers already grappling with economic challenges.
Source: Citinewsroom.com
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NHIA set to boost its cybersecurity and IT Infrastructure
The National Health Insurance Authority (NHIA), in partnership with a leading private cybersecurity solutions provider in Ghana, CyberHawk Limited, is advancing the Authority’s digital infrastructure to ensure seamless operations.
This is to safeguard the Authority’s digital technologies and maintain the trust of active members of the National Health Insurance Scheme (NHIS).
In this context, the NHIA Management Information System (MIS) Directorate in the Head Office, on February 11, 2024, launched a three-day brainstorming session on the organization’s cybersecurity enhancement agenda.
The MIS Directorate Ag. Director, Mr. Daniel Blankson explained that the collaborative meeting aimed to scrutinize the NHIA’s Information Technology architecture, identifying potential risks and gapsto enhance its cybersecurity posture.
“By leveraging CyberHawk Limited’s expertise, the NHIA seeks to fortify its defenses against cyber threats, protecting sensitive information and maintaining the trust of its members.”
Mr. Blankson applauded the synergy between the two organizations and underscored the Authority’s commitment to embracing cutting-edge technologies and innovative solutions to drive its mission forward.
The Head of Information Security and Standards Unit, in the MIS Directorate, Mr. Ebenezer Hooper, highlighted the Authority’s significant milestone on the digital transformation journey.
According to him, the NHIA is actively engaged in fully adopting and implementing modern digital systems to improve its operations.
He said, “The three-day brainstorming meeting will culminate in the development of a robust IT infrastructure, as well as strategic plans to translate security implementations into tangible IT cost savings for the organization.”
“There is the need to form a steering committee or IT advisory committee, operated under the Board, so that they can pay more attention in protecting the huge IT investment while ensuring cyber security-related policies are well protected,” he added.
The Project Manager of CyberHawk Limited, Mr. Chetan Narayana Murthy, lauded the collaboration and anticipated that it would empower the NHIA to implement comprehensive cybersecurity measures.
According to him, “This is a huge project that will greatly benefit the NHIA by implementing robust cybersecurity measures, safeguarding their systems, and ultimately protecting the sensitive information of NHIA members and healthcare providers.”
A Senior Manager of IT infrastructure, Mr. David Asare Addo, and his colleague, a Senior Manager of Applications, Mr. Enock Afanyi, with the MIS Directorate, gave an overview of the NHIA’s current technological landscape.
Present at the meeting were representatives from the Claims, Membership and Regional Operations (MRO), Research, Policy, Monitoring, and Evaluation (RPME), Corporate Affairs, the Audit, Administration, and Human Resource Directorates.
Story By : Vivian Arthur
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Swedru All Blacks back to winning ways, Roshan humble King Faisal
Sekondi Rospak FC made it eight wins in eight successive home games after three second-half goals from John Amoah, Joseph Ntow and Stephen Anthony Kofi. John Amoah opened the scoring in the 55th minute after a barren first half. Joseph Ntow added to the tally in the 56th minute before Stephen Anthony Kofi rounded things up in the 74th minute to give Rospak a 3-0 win over former Premier League side King Faisal.
Elsewhere at Swedru – leaders Swedru All Blacks humbled PAC Academy in an emphatic 2-0 win. Zayat Bubakari scored first for Swedru All Blacks in the 27th minute before Rudolf Junior Nana Kwasi Mensah made it 2-0 in the 34th minute. Swedru All Blacks are top of the table with 36 points – 4 points ahead of second placed Rospak FC.
Meanwhile, Former Premier League side Cape Coast Mysterious Dwarfs recorded their fourth successive home victory after beaten New Edubiase United 2-1 at the Robert Mensah Park. Enoch Odoom struck first for Cape Coast Mysterious Dwarfs in the 19th minute but Steven Asante equalized for New Edubiase United before halftime. After the interval, Godfred Eshun scored from distance in the 65th minute to help Cape Coast Mysterious Dwarfs secure all the points.
Here are the results in Zone Two
