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United Nations Youth Association, Ghana inducts 275 Parliamentarians
275 Youth Members of Parliament were last week inducted into parliament by the United Nations Youth Association,(UNYA) Ghana in Accra.
The virtual induction ceremony was to make these young MP’s represent the 275 constituencies in Ghana and help achieve good governance in their jurisdiction.
Ms Lillian Sally Addo, Country Head of the Association, was the legal authority who conducted these new parliamentarians after they had gone through series of vetting and interviews over the previous month.
She charged the newly sworn Youth MPs to be diligent in their duties and dedicate their time to effectively work to achieve the goals and objectives of UNYA-Ghana.
The formation of the Youth Parliament, according to her, was to promote Resolution 2250 and most of the activities would be conducted under the supervision of Parliament of Ghana and the National Youth Authority.
In a remark, Ms Addo reiterated that the United Nations Youth Associations across the world were youth led organisations “that model the United Nations’ agenda and the main objective is to be the people’s movement for the United Nations.”
She said that, United Nations of which Ghana is a member, through the Security Council in 2015 adopted Resolution 2250 that talks about the inclusion of young people in the decision making process.
UNYA Ghana has over 5000 youth membership across the country and creating various initiatives to encourage all young people to get involved in pushing its agenda.
Admonishing the youth of Ghana, Ms Addo cautioned them to refrain from violence and bad influence from their peers.
The Country Head further advised the youth to voice out their candid opinions by using the right media.
Madam Kate Addo, Public Affairs Director of Parliament was also present at the induction ceremony to brief the newly sworn executives about Ghana’s Parliament and its proceedings.
Mr Martinson Yeboah Mintah, a diplomat and a policy analyst was the special guest at the ceremony.
By Alfred Nii Arday Ankrah
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Over GH₵80m was collected in betting tax, Amin Adam got it wrong – Finance Minister
Ghana’s Minister for Finance Ato Forson says the claim by former Finance Minister Mohammed Amin Adam that the erstwhile administration never implemented the betting tax is not factual.
Speaking at a new conference on Tuesday, March 11, shortly after the Finance Minister presented the new government’s first budget statement and abolished the e-levy, betting tax among others, the former Finance Minister said the NPP government never enforced the controversial tax on lottery and sports betting winnings.
Dr Amin Adam said it was deceptive for the NDC government to claim to abolish a tax that was never collected although the law was passed in 2023.
“Betting tax that they said they have abolished, we never collected Betting Tax. So to come and tell Ghanaians that you have abolished something that you have not implemented, is to deceive the people of Ghana.”
Responding to the claims in an interview with Evans Mensah on JoyNews’ PM Express on Tuesday night, the Finance Minister said his colleague on the other side appears not to be on top of that issue.
“I don’t think he’s on top of that matter because my checks revealed that it was implemented in the second half of 2024. And my checks also reveal that year-to-date, the government of Ghana has collected over GH₵80 million from betting tax, so I don’t know what he’s talking about. It is not the fact. The fact on the ground does not support his assertion. Clearly, the betting tax was implemented,” he insisted.
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Whoever created BoG’s GH₵53bn negative equity mess should be held responsible – Dr. Atuahene
Banking consultant Richmond Atuahene has called for accountability over the Bank of Ghana’s (BoG) GH₵53 billion negative equity, insisting that those responsible for the mess must be held accountable.
In an interview on Joy FM’s Midday News on Wednesday, March 12, he called for those responsible for breaching financial regulations to be summoned before Parliament to explain their actions.
“There was a law that stated they should not exceed a 5% fiscal financing threshold, yet they went as high as 60%. This is a clear violation, and they cannot claim ignorance. The Governor, the Minister, and those involved must be held accountable for their actions,” he asserted
His comment comes after the Finance Minister, Dr. Cassiel Ato Forson, advised BoG to explore internal cost-cutting measures instead of relying on taxpayer funds for a GH₵53 billion bailout to address its negative equity position.
Dr. Atuahene supported the Finance Minister’s stance that the government cannot afford to recapitalise the central bank at this time, given the nation’s fiscal constraints.
“Like the Minister said, you don’t create a mess and leave it for others to clean up. Whoever created this mess must take personal responsibility. When they engaged in the monetisation of fiscal deficits in 2021 and 2022, some of us warned them about the consequences, but they didn’t listen,” he stated.
Dr. Atuahene stressed that rather than relying on external funding, the Bank of Ghana should explore internal restructuring, cost-cutting, and asset sales, including a sale-leaseback arrangement on some of its properties, to raise the necessary capital.
He also highlighted the potential damage to Ghana’s international credibility if the Bank of Ghana remains in a financially distressed position.
“This affects Ghana’s credibility. BoG has correspondent relationships with the Bank of England, the Federal Reserve, and the African Development Bank. If it continues to operate in a capital-deficient state, international institutions may lose confidence in our financial system,” he warned.
Dr. Atuahene also criticised the central bank for insisting that it is “policy solvent,” arguing that capital solvency is more critical in this situation.
“You can claim policy solvency all you want, but if you are capital insolvent, it means you cannot function properly. BoG has been making losses year after year. They made losses in 2023, and they are making losses in 2024. How long will this continue?” he questioned.
Source: Myjoyonline.com
