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President Akufo-Addo Presents Five (5) Boats To Navy; Commissions Oil Spill Vessel

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Saturday, 9th September 2023, commissioned five (5) boats for the Ghana Navy Fleet and an oil spill response vessel for the Ghana Maritime Authority.
This is the second time President Akufo-Addo has presented vessels to the Navy, following the presentation of four (4) offshore security vessels for use by the Navy in February 2022.
Amongst the vessels commissioned into service on Saturday by the President are two 27-metre boats, that would be used for patrolling the country’s maritime borders to the East and West.
It will be recalled that Ghana’s western maritime boundary with Cote d’Ivoire was delimited by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) in September 2017, and there are ongoing efforts to delimit Ghana’s eastern maritime boundary with Togo.
According to President Akufo-Addo, “As we protect these maritime territories, there is a need to maintain significant Naval presence, so as to prevent criminals from exploiting any contested areas. The classification of these boats as Boundary Class Ships of the Ghana Navy is fitting, and their names apt.”
The President was happy to note that Ghana Navy Ships HALF ASSINI and AFLAO are products of the co-operation between the governments of Ghana and the United States.
“We are grateful for the benevolence of the government and people of the United States. The United States has supported Ghana’s military revitalization programme through capacity building and enhancement of our capabilities, with the support of the Navy’s Special Boat Squadron and other initiatives with the Army and Air Force,” he said.
President Akufo-Addo continued, “The current 5-year United States, Denmark and Ghana Trilateral Agreement is set to make the Navy’s Special Boat Squadron a tier-one Special Operations Force by 2026. The donation of these two 12-metre Defender Class Boats would greatly enhance the operations of the Navy in dealing with sophisticated operations when the need arises. It is refreshing to see the Navy serving as a glue that is cementing international and local partnerships towards securing our interests at sea.”
He was particularly glad that the Navy and the Ghana Maritime Authority are working together to operate the new flex-fighter, which has been procured for oil spill response.
“As you can see, different players with different expertise, need to come together to work at sea, unlike in other domains. The Petroleum Commission and Ghana National Petroleum Company, both under the Ministry of Energy, are regulator and national operator, respectively, in our upstream oil and gas industry, yet it is the Ghana Maritime Authority operating under the Ministry of Transport that has procured a vessel for oil spill response to be operated with the Navy,” he said.
Having launched the National Integrated Maritime Strategy last week, President Akufo-Addo applauded the team from the Ghana Navy who have built Ghana’s first indigenous landing craft.
“The NAVDOCK 1, which measures 11.5 metres in length, is designed to carry thirty (30) personnel and one (1) ton of cargo. Their effort embodies the ingenuity, determination and can-do spirit of the Ghanaian people. I have been reliably informed that the Ministry of Fisheries and the Naval Shipyard are partnering with some private actors to replace the wooden canoes, used for fishing, with improved aluminium boats,” he added.
He was hopeful that, in time, such collaboration will help develop the country’s shipbuilding industry, and offer jobs to the youth of this country, while mitigating the environmental impact of wooden canoes.
“I charge you to collaborate with our academic institutions and the private sector so that this innovation is developed further to include other platforms for the safe transportation of passengers and goods on the Volta Lake and along our coasts,” he added.
President Akufo-Addo, in conclusion, reminded Ghanaians of the arduous task ahead and the need to work together to guard the country’s maritime frontiers, and protect its interests.
“These vessels symbolise our resolve to safeguard our maritime sovereignty, and I have, thus, no doubt that the crew would live up to the high standards and professionalism that the Ghana Navy embodies. I acknowledge the sacrifices of the families of our servicemen and women who make certain that these gallant sailors have the peace of mind to be at sea to ply their trade,” he added.
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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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