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Youth unemployment, terrorism in Sahel can disrupt Ghana’s political stability – Security Report

The West Africa Center for Counter-Extremism (WACCE), says Ghana’s political stability may be disrupted, in the wake of terrorism in the Sahel and other domestic challenges such as youth unemployment.

In a report by the regional security research organisation, it said even though Ghana has been relatively peaceful over the years, there is the likelihood of an upsurge, due to recent happenings in the sub-region, and neighbouring countries such as Benin, Togo and Ivory Coast.

WACCE maintained that the threats of political instability can, however, be forestalled if measures are put in place to prevent the impending dangers.

“The threat of terrorism is increasingly descending from the Sahel towards the Coastal States. Today more than 53% of all ECOWAS states are experiencing insurgencies. The pervasive spillover phenomenon makes Ghana’s border regions a key area of concern.

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“Recent attacks in Benin, Togo and Ivory Coast highlight the determination of the terrorists to expand beyond landlocked Sahelian countries, where the insurgency has devastated thousands of lives and property in the last decade.

“Ghana has a big number of prolonged unresolved chieftaincy and ethnic conflicts and tensions, particularly in the Northern regions.

“The inherently high exploitative capacity of extremists implies that these vulnerabilities put Ghana in danger of terrorist exploitation”, a summary of the report revealed.

The report further stated that “Many analyses project the pervasive youth unemployment rate of about 5%9 as one of the biggest risks. The present government set up the Nation Builders Corps (NABCO) to absorb the high number of unemployed graduates, most of them temporarily.

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The growing joblessness has driven many onto cyberspace to live in an illicit economy.

The determination of social activists such as the #FixTheCountry campaigners to exploit the security, economic and governance challenges amplifies the risks associated with youth grievances.

The above highlight the widespread nature of the threat to Ghana and underscores the importance and urgency needed to escalate national commitment to preventing the threat from spilling into Ghana”.

In a related development, an international conflict resolution expert, Col. (Rtd.) Festus Aboagye has charged government to address the socio-economic inequalities to fight terrorism and attacks.

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According to him, factors and circumstances that have led to military coups in other West African countries exist in Ghana; hence, government must put stringent measures to deal with the grievances of agitated groups and individuals.

n an earlier interview on Newsfile, the ex-military officer warned that the country is susceptible to similar coups and attacks in other neighbouring countries if the socio-economic needs of the citizens are not fixed.

“All of us need to be worried. I belong to the school of thought that you don’t fight terrorism with only guns and bullets. Indeed, it will be more productive to address some of the socio-economic inequalities.

I don’t need to be a political scientist or an economist to argue that the Northern part of this country [is] bordering countries that are unstable, where there are gross socio-economic inequalities”, he stated.

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Touching on how the looming political instability can be averted, WACCE said, “The overall effectiveness of Ghana’s response will be determined by the State’s willingness to recognise that the battle against terrorism and the drivers that underpin it cannot be won on the battlefield alone.

It will be won in the local community in dealing with the drivers of radicalization and building resilience against the threat.

It will be won by effectively addressing grievances, mobilizing local community support and goodwill to build the social and economic infrastructure that is required to build resilience against extremism”.

Source: www.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.

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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.

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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.

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Source: Myjoyonline.com

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