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NDC couldn’t provide 12hr economy, how can it deliver 24hr economy – Abu Jinapor
The Member of Parliament for Damongo Constituency and Minister for Lands and Natural Resources, Samuel A. Jinapor, has criticized the National Democratic Congress (NDC) and its Presidential Candidate, John Dramani Mahama, regarding their 24-hour economy, describing it as a mere slogan.
He mentioned that the NDC and Mr. Mahama, entrusted with the economy for four years, plunged the country into dumsor and could not even provide a 12-hour economy.
According to the Minister, this record of the NDC shows that they cannot be trusted with their supposed 24-hour economy.
Speaking at a ceremony in Damongo to acclaim him as the New Patriotic Party’s (NPP) Parliamentary Candidate for the Damongo Constituency, on Saturday, 17th February 2024, Mr. Jinapor stated that the NDC has failed to explain the so-called 24-hour economy to the ordinary Ghanaian, and their record in Government, marked by dumsor, is evident that they cannot provide a 24-hour economy.
Last month, the NPP held parliamentary primaries to elect their parliamentary candidates for Constituencies with sitting Members of Parliament. In the Damongo Constituency, no person contested Mr. Jinapor, who is the incumbent Member of Parliament.
According to the Party’s Constitution, when only one person is nominated at the close of nominations, the person is acclaimed as the Parliamentary Candidate. This is the second time in succession that Mr. Jinapor has gone unopposed in the Damongo Constituency.
The ceremony to acclaim the Minister as the Parliamentary Candidate drew a number of dignitaries to the Constituency, including the General Secretary of the Party, Justin Frimpong Kodua, the Minister for Roads and Highways and Member of Parliament for Bantama, Francis Asenso Boakye, the Minister for Chieftaincy and Religious Affairs, Stephen Asamoah-Boateng, and the Minister-designate for Information, Fatima Abubakar.
In his address at the ceremony, Mr. Jinapor called on Ghanaians to vote massively for the NPP presidential candidate, H.E. Dr. Mahamudu Bawumia. He stated that in just two months after his election, Dr. Bawumia had laid down his policies and strategies to take Ghana to the next level when elected as the President of the Republic. He mentioned that Mr. Mahama, on the contrary, has not been able to make any substantive policy propositions to Ghanaians but has rather asked for a period of honeymoon when elected.
According to Mr. Jinapor, even though the NDC has been touting a supposed 24-hour economy, they have failed to explain what this means to Ghanaians.
“When you ask them what 24-hour economy means, they either say Jack Toronto or something else.”
The Minister said Mr. Mahama, when he became President, plunged the economy into dumsor and collapsed small and medium-scale businesses.
He asked how someone who could not provide a day economy could provide a night economy.
“For four years … in the day, tailors could not work, in the day, there was no economy for welders, carpenters, fitters, and thousands and millions of Ghanaians, how then are you going to provide a 24-hour economy,” Mr. Jinapor asked.
The Minister said contemporary development, across the world, revolves around technology, digitization, and digitalization. He mentioned that even as Vice President, Dr. Bawumia has championed policies that will bring much-needed development to Ghanaians and has proven that when elected as President, he can take Ghana to the next level. He called on Ghanaians to rally behind the NPP and Dr. Bawumia to continue the progressive policies the Government is implementing.
Source:Citinewsroom.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
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