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Over $30m spent quarterly on ‘galamsey’ committee – Minority
The Minority Members on the Lands and Forestry Committee of Parliament have criticized the government for failing to account for funds disbursed in the fight against illegal mining, also known as ‘galamsey,’ in the 2024 Budget.
The group alleges that $30 million was allocated to the defunct inter-ministerial committee quarterly for three years, while over GH¢5 million were also used in the government’s interaction with traditional leaders and security agencies on dealing with the galamsey menace.
Addressing the media, the Deputy Ranking Member on the Lands and Forestry Committee, Alhassan Suhuyini, says the government must be accountable to the public in the fight against ‘galamsey.’
“Shouldn’t we be asking ourselves why, this time in the budget statement, not even once has the ‘galamsey’ word been mentioned? After we have spent millions of Ghana cedis. The Interministerial committee was allocated $30 million every quarter, and they operated for three years.”
“That should tell you how much money has gone down the drain; they blew GH¢5.4 million just to interact on ‘galamsey.’ The question is, to what end? What are the benefits that we have from all of these?” Alhassan Suhuyini asked.
Meanwhile, the Member of Parliament for Mpraeso, Davis Opoku Ansah, wants the government to consider the establishment of a fund to repair the damage caused to river bodies by galamsey.
“Mr. Speaker, everybody is talking about ‘galamsey’ and how it has destroyed our water bodies. There’s the need for a fund to be set aside so that monies deposited in this fund will be used to repair destroyed rivers, construct new waters for our people, and ensure that the Ghanaian is assured of good drinking water,” Davis Opoku Ansah suggested.
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
