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Timing of Alan’s resignation wrong – Nyaho-Tamakloe
Dr. Nyaho Nyaho-Tamakloe, a founding member of the New Patriotic Party (NPP), has voiced his dissatisfaction with the decision made by former Trade and Industry Minister, Alan Kyerematen, to resign from the party.
In an interview on Eyewitness News with Citi FM, Dr Nyaho-Tamakloe expressed his belief that Kyerematen’s chances of winning the 2024 elections as an independent candidate are slim and that his timing for the resignation was inappropriate.
Dr. Nyaho-Tamakloe contended that Kyerematen’s lengthy tenure in the Akufo-Addo government could hinder his aspirations of becoming a president as an independent candidate.
This is because he may be perceived as having been complicit in the perceived misconduct within the government’s appointees.
“Winning an election as an independent candidate will be a huge problem for Alan because all the appeals that he has made particularly to the youth will not wash and the reason is quite simple. He has been with the Akufo-Addo’s government for almost seven years and the time that Alan should have left that government, he didn’t.
“Alan should have left the government particularly when he realised the rot going on in the party and that would have automatically turned him into a leader in the future but he didn’t do that.”
Dr. Nyaho Nyaho-Tamakloe also criticized the current state of affairs within the NPP and its leadership. He expressed his opinion that the party has deviated from its founding principles, allowing various negative elements to flourish.
He pointed to issues such as selfishness, incompetence, tribalism, arrogance, and greed that have permeated the party.
“If we were running our party like it is done in the USA or Britain, these things would not have happened. Our party is full of selfishness, incompetence, tribalism, arrogance, and greed and that is what has brought us here today. Our part was not like this years back or else I would not have been part of it.”
Alan Kyerematen formally announced his resignation from the NPP during a press conference held at the Movenpick Ambassador Hotel on Monday, September 25. He revealed his intention to establish the Movement for Change and contest the 2024 elections as an Independent Candidate.
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
