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Government needs to get into survival mode – Ken Thompson
Chief Executive Officer of Dalex Finance, Ken Thompson, says it is about time government channels its expenditure into sectors that will improve the condition of living in Ghana.
He was referring to the ballooning public debt and expenditure amidst an economic downturn and its resultant economic hardship on Ghanaians.
The CEO listed the health sector, education sector, security and food sectors, and the private sector as key areas the government must focus on.
“From where I sit Ghana needs to move to survival mode now and we need to focus on how we make the ordinary Ghanaian survive. It is survival mode now. The point I’m trying to make is that we can’t afford not to do anything now and let’s focus on supporting in this survival mode the ordinary Ghanaian,” he said on Joy FM’s Super Morning Show.
Ken Thompson said it was imperative for government to ensure basic health care for all Ghanaians.
He called for investments into health infrastructure, the health insurance scheme and other health-centered programmes to ensure quality healthcare delivery.
Speaking on education, he reiterated calls for the scrapping of the boarding school system.
“We cannot afford this boarding school system, it’ll kill us, it is killing us. I mean, go to any school… it’s pathetic. We can’t afford it,” he added.
According to him, in its stead, the government can introduce a new system where parents who want their children in boarding schools can pay hostel fees to the school among others.
“And if you want your child to go to Adisadel or Achimota, we can have a system where you pay for the hostel fees… And if you go to countries with good educational systems the people that go to boarding school pay through their nose and the rest go to public schools which are community-based,” he said.
He called for more investment into security as well.
He said the rise in violent extremism outside of the country’s borders is a matter of grave concern and must be prevented from spilling into the country.
“Security is important because we’re aware of things that are happening outside our borders and we don’t want an overspill to disrupt the little peace that we have, and let’s not take that for granted,” he said.
On food, he said government must do more to ensure food security and arrest the rapid food inflation that continues to double food prices every few months.
“I mean food inflation in Ghana now is nearly 50%, I think it’s probably more. That means that nearly every 12, 13, 16 months or so prices double. There are Ghanaians that are going to bed hungry as we speak every day. This is survival. And if our politicians don’t understand it, we’ve got to make them understand,” he said.
“As for the list of expenditures to cut, the list is so long I don’t want to go there, but focus on getting us to survive, focus on getting ordinary Ghanaians to survive , focus on not lying to us, focus on showing us that you understand the issues and give the private sector room to work.
“I mean as private sector there are so many obstacles and we lack inspiration. If you want to do business in Ghana you give up. What is wrong with us?” he added.
Source: Myjoyonline.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.
