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NPP government knows how to package ‘rags’ as gold – Kofi Adam
The Member of Parliament for Buem Constituency, Kofi Adams says the National Democratic Congress (NDC) will not be complacent heading towards the 2024 general election.
Mr. Adams says this will be despite the poor records of the New Patriotic Party (NPP) and its flagbearer, Dr. Mahamudu Bawumia.
Speaking on the JoyNews AM Show, the former National Organiser of the NDC said while his party’s flagbearer can be trusted to deliver on promises made to Ghanaians, the NPP has developed the cunning ability of packaging rags and selling the same to Ghanaians.
He explained that his party will have to educate the electorates on how government policies directly affect them.
“NDC has a leader whom you can trust. A leader that has delivered and will continue to deliver not one who starts to talk and gives you the opposite.
“Economy is key but we are not going to be complacent. Indeed we have to explain everything to the people for them to have a very good understanding of how government decisions affect them directly and how the government’s refusal to pay contractors is affecting that person down there.
“We know we are dealing with a candidate and a party who knows how to package rags, package it so nicely and seal it so well that they will sell it to you as gold, only to reach home and realise that you have bought rags.
“But you may be holding the real gold but because you did not package it well, people will be passing by you and rejecting what you are holding,” he emphasised.
Mr. Adams was optimistic the 2024 election was going to be decided by comparing the track records of the two leading parties in the country.
“Unemployment was recording about 8.4% under the NDC, today, it is 14% and youth employment is even worse, 42%. Why do you think people are using all kinds of unorthodox means to leave the country. And in all this poor performance we have had a lot of things happening in their favor.
“Bank of Ghana alone funded them over 45 billion in 2022, they gave them free money while zero was given to NDC in 2016.
“So with Bawumia it is not going to be a problem since it will be a comparison of records.”
The assertion by the NDC MP follows the election of Vice President Dr. Mahamudu Bawumia as flagbearer of the governing NPP.
Out of approximately 210,000 delegates, Dr Bawumia secured 118,210 votes, while his closest contender, MP for Assin Central, Ken Agyapong, received 71,996 votes.
With his victory, Dr Bawumia will face ex-President John Dramani Mahama, who secured the endorsement of the opposition National Democratic Congress (NDC) earlier in the year.
Source: 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
