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Ghana is riped for a coup d’état but what’s saving us is tolerance of citizens – Asiedu Nketia
The Chairperson of the National Democratic Congress (NDC), Johnson Asiedu Nketia, has raised concerns about the state of Ghana’s democratic stability due to the ongoing economic crisis.
According to him, although time is long overdue for the seizure of power and the return of autocratic governance, what is keeping Ghana from descending into chaos is the remarkable tolerance of its Ghanaians.
He believed that citizens have reflected on the nation’s history, a history marred by various coups that had been triggered by circumstances less severe than the ongoing incidents.
Mr Nketia made this assertion in a one-on-one interview on JoyNews’ PM Express on Monday.
“Ghana is more than ripe for a coup d’état but the only thing that is saving us is the tolerance of Ghanaians.”
“If you look at our history, you will see that the things that have led to previous coup d’états in this country were even less than what is happening now. But the only thing that is saving us is the tolerance and our collective history,” he told host Evans Mensah.
While acknowledging the steadfastness of the populace, Mr Nketia cautioned against succumbing to the temptation of disruptive actions, which might offer temporary relief but could ultimately plunge the nation into an even deeper crisis.
He emphasised that a coup d’état could potentially lead to new leaders who were equally intransigent, perpetuating a cycle of instability.
“There may be situations that you don’t like and you may be tempted to think that nowhere can be worse than where we are now, so let us disrupt. You’ll disrupt, you will have some relief, but the relief will be short-lived and the relief can lead you into another problem where the new leaders may equally be intransigent. So it will mean that you’ve not solved the problem and that knowledge by Ghanaians is what we’re hanging on to now.
Instead, Mr Nketia proposed an alternative path to safeguard Ghana’s democracy.
He encouraged the use of available tools such as peaceful protests, constructive criticism of state institutions, and ensuring that these institutions uphold their responsibilities with integrity. These actions, he believed, were the key to preserving the democratic fabric of the nation.
Credit: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
