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Bibiani MP sensitizes over 5,354 youth on how to become a great person in future

The Member of Parliament (MP) for Bibiani-Anhwiaso-Bekwai Constituency in the Western North Region, Mr. Alfred Obeng-Boateng has counselled youth in his area to be of good behavior in order to become great future leaders. He said as future leaders, the youth ought to demonstrate responsible attitude and show that they could take up the mantle of leadership of the country.

He gave the advice at a youth seminar organized for the youth between the ages of 17 and 25 at Sefwi Bekwai zone, Anhwiaso zone and Bibiani zone by the MP under the theme: “Becoming a great person in future.” According to him, the seminar was to provide good guidance to raise youth to become useful to the family, society as well as the nation .

The MP, who is also the Chief Executive Officer (CEO) of Approchers Series Ghana, advised youth not to be discouraged because they hail from poor background, but rather use himself and others as role models in pursuing their ambitions in life. He was optimistic that with such series of seminars for the youth, the MP would achieve his vision to produce future professionals with requisite skills and training for the job market.

He admonished the youth who were interested in working at the mining firms to pursue programmes that could offer them the requisite skills to get opportunities at the mines. The MP called on the youth to have patience as he was working with development partners to offer them the needed support.

Mr. Alfred Obeng Boateng mentioned the ongoing construction of Adupri-Tanoso road, on-going construction of e-learning center at Anhwiaso, construction of 25 construction of mechanized boreholes, classroom block, CHPS Compound, construction of toilet facility, job employment, financial assistance to brilliant students but needy as some of his achievements in his tenure as MP.

In all, a total of 5,354 youth across the length and breath of the Bibiani-Anhwiaso-Bekwai constituency attended the seminar. Also in attendance at the colourful seminar were the Municipal Chief Executive MCE for Bibiani-Anhwiaso-Bekwai Mr. Paul Andoh, some constituency executives, Clergy, traditional authorities among others.

Some of the youth who spoke with GNA after the program expressed their heartfelt gratitude to the Member of Parliament for his commitment towards the welfare of the youth in the area.

Daniel Akwasi Nuako/Ghanamps.com

Parliament approves $800m cocoa syndicated loan for COCOBOD

Parliament on Friday, November 17,2023   approved a $800 million cocoa syndicated loan for the Ghana Cocoa Board (COCOBOD) to purchase cocoa from farmers.

The approved loan will be used to purchase about 47 percent of the projected 850,000 tonnes of cocoa beans from farmers through the Licensed Buying Companies for the 2023/2024 cocoa season.

The Minority Leader in Parliament, Dr. Cassiel Ato Forson noted that his side would have voted against the cocoa syndicated loan, if not for the pain it would have caused cocoa farmers.

This, he said is because of the tendency for COCOBOD to go into negative equity if aggressive measures are not taken to rein in the institution.

Dr Forson explained that “the matter is so severe that the IMF had a reason to report in the official document that went to the IMF Board that, the government must immediately prepare a policy document to turn around COCOBOD.”

“The truth is that this loan as I sit here, I am approving it largely because of the farmers other than that, this is a matter that we should have rejected. We should have rejected it and get COCOBOD to do some due diligence in the way they are managing the affairs of COCOBOD,” he said.

Ghanamps.com

Ghana’s economy was worse when you were deputy Finance Minister—Afenyo chides Minority leader

Deputy Majority Leader Alexander Kwamena Afenyo-Markin has taken a swipe at the Minority Leader Dr. Atto C. Baah Forson for saying the Finance Minister Ken Ofori Atta has underperformed.

According to him instead of the Minority Leader to second the motion for closure after the Finance Minister’s presentation, he was debating and his side is more than ready to debate the budget which will start not more than three days.

“Dr. Atto Forson, you as Deputy Finance Minister under your administration the economy was in its worse state. This is the same person without comment; he with his boss could not implement the Free SHS.

And if today the current government has implement the policy, today the figures bear us out, we have transition enrollment rate of over eighty percent as compare to fifty -one person during their time and today because of the liberty of the opposition you are telling the finance minister that he has underperform.”

He touted the current government’s ability to undertake a number of landing beach projects which the previous government of which Dr. Atto Forson was part chickened out even though they brought a loan to the House for consideration.

“This government has helped the fishermen. We have constructed twelve landing beach sites, you come from the Central Region you have not been able to do that for your people and you are telling the finance minister he has underperformed; eiii Dr Atto Forson”.

He also touted the fact that despite all the country had to endure under covid-19, the government managed to keep the lights on; we inherited ‘dumsor’ under your administration and a situation where children could not go to secondary school.

Kwaku Sakyi-Danso/Ghanamps.com

Atto Forson challenges Dr. Bawumia to answer the 170 questions he set for the late vice president

Minority leader Dr Ato Forson has said the late Vice President Paa Kwesi Amissah Arthur has been vindicated when he said a time will come for the current vice president to answer his own 170 questions; “the time is now”.

This follows Dr. Mahamudu Bawumia as running mate setting one hundred and seventy questions to the then Vice President, Late Amissah Arthur to answer when the country was facing some economic challenges at the time.

“Alhaji Bawumia I besiege you in the name of Allah the most precious, please answer the one hundred and seventy questions. This insensitive, cruel and out of reach and bye bye budget would inflict more pains and hardship on the ordinary Ghanaian and businesses as if the suffocating taxes is not enough this government has introduced a number of tax handles”.

At a press conference immediately the finance minister finished with the presentation of the budget and the House adjourned, the Minority Leader addressing the media, noted that the vice president said to be arresting the Ghana cedis.

Dr Ato Forson mocked the Vice President who claimed at a point to have arrested the dollar and kept the key with the IGP. But the dollar has broken jail and is now on the run faster than Usain Bolt. “The late vice president was right when he said a time will come for the current vice president to answer his own 170 questions the time is now”.

“The vice president as head of the economic management team does not understanding what is going on in the economy; he is out of reach and does not understand what is happening and what the ordinary Ghanaian is going through.

And the NPP government has pushed the ordinary Ghanaian into extreme poverty and this is as a result of what the Catholic Bishops Conference has describe as the massive corruption under President Nana Akufo-Addo and Dr Bawumia”, the Minority Leader stated.

According to him, the NPP promised to move the economy from taxation to production but rather we see a reverse gear over taxation without production.

And today the finance minister has taxed our brothers and sisters from Abossey Okai, Kokompe and Suame Magazine and mechanic shops across the country are at their backs. Unfortunately he failed to announce policies that would reduce the suffering of the ordinary Ghanaian.

And the way they have introduced taxes, they have it in the budget if you are not careful you would not see it; they have introduced taxes worth eleven billion Ghana cedis. They are re introducing an environmental duty exercise to cover plastic product and packaging.

Again industrial emission tax, called emission levy and increase the stamp duty.

The legacy of the vice president and the finance minister is there for us to see; a bankrupt economy. All the finance minister knows to do is to over borrow to benefit his businesses and his friends. He would be remembered for destroying Ghanaian businesses that has to do with his rivals.

“He has brought our economy on its knees, he has forced pensioners to their early graves, he gave crude and painful haircuts, and pushed eighty-five percent of Ghanaians into extreme poverty within two years. This government cannot be trusted, the NPP has messed up Ghanaians big time, we need to know this, we the previous government gave them a number of inheritance, they had three active oil producing fields and they inherited energy sector levies.

Kwaku Sakyi-Danso/Ghanamps.com

2024 budget is insensitive and out of touch budget —-Minority Leader

The Minority Leader Dr. Atto Forson said the 2024 budget presented by the Finance Minister on Wednesday, November 15, 2023 is the last goodbye budget of the ruling New Patriotic Party (NPP) present by the sector Minister, Ken Ofori Atta to Ghanaians.

According to him the budget is insensitive and out of touch saying “Mr. Minister, you and members of the economic management team led by the Vice President, you are leaving behind a bankrupt economy; this government is leaving behind a default economy, in other words we would not pay economy.”

“Mr. Speaker this government is leaving behind a budget that is debt riddled and over tax, hyperinflation, and high monetary rate. As if that is not enough, you are leaving a high lending rate economy, high unemployment rate”.

He further added that the government is leaving behind a miserable index that has never been witnessed in this country. “According to the Catholic Bishop Conference, you are leaving behind an economy that has witnessed massive corruption”, he stated

The Minority Leader also noted that the legacy they are leaving behind is “today you are here reading the budget alone, “where is the Vice President and the Governor of the Bank of Ghana?” Let me say they cannot abandon you, you did it with them, and they are also faces of destruction. Bye bye this is your score card”, he said.

Kwaku Sakyi-Danso/Ghanamps.com

2024 budget: “If we give you telephony network give us vote to break the eight—Ursula Owusu-Ekuful

Minister for Communications and Digitalisation, Ursula Owusu Ekuful said if her Ministry gets the needed funds from the 2024 budget by the end of January 2024, by the end of July 2024 rural telephone would be completed.
With that, the current government can then be held accountable by tracking implementation of the budget.

According to her she is hearing some noises being made about no network, not vote, “so I am saying that give us the money by January ending, June and July2024 we would give you the network and you also give us the votes to break the eight”.

Another thing is the rural telephony project as we all know because of the external debt restructuring China Exim which was funding our rural telephony project has suspended disbursement but we do need to complete that project and government has taken it upon itself for us to complete it. This would enable some four million Ghanaians to be connected around the country. You cannot take part in the digital revolution when you do not have connectivity; it’s basic.

Again, am also happy that the digital village I spoke about just yesterday has found space in the budget; we are going to find funding to build this facilities at the university of Ghana to enable our young people get practical hands on training in ICT and cutting on technology so that they can have innovation for the contemporary challenges that we face.

So for that digital infrastructure to be put in place for the underserve and not served areas to be connected is a relief for me so that once I get the funds released to the contractors June next year all the site that we plan next year, all the plans we want to activate next year would be up and running.

Also girls in ICT found space in the budget and I am happy about it because we need to narrow the gender digital divide.

Addressing the media just after the Finance Minister Ken Ofori Atta presented the budget; she noted that for her one key thing is the removal of taxes on sanitary pad something we have been pushing for a long time.

“I am happy that something that this government inherited its taking steps to remove it to bring relief to our young adolescent people”.

I know there was some tax relief expectation we need to recognise that if you do not borrow and do not pay your taxes to finance your own development, your development would stall. It is incumbent on us to contribute to the development of our country through paying these taxes and hold the government accountable by letting it know we have done our part. And it is your turn to deliver the projects you promise in your budget that you would undertake if you have the funding you indicated.”

She said it is not enough to make noise and shout; let us take concrete projects and ask the needed questions. You said you would do this, the funds have been given, where are you with it so that when we go to the polls you promise A have you delivered and as the media you can pin point them.”

Kwaku Sakyi-Danso/Ghanamps.com

Government has budgeted GHc220million to support affected person of Akosombo spillage

Government hd budgeted in the 2024 budget statement and Economic Policy an amount of GH¢220 million to support the relief phase for the communities affected by the Akosombo Dam spillage as well as floods upstream in the Oti, Savannah, and Bono-East Regions.

For the restoration phase, Government through the Ministry of Agriculture will allocate additional resources to support the restoration of livelihoods.

In addition, the Ministry of Finance, through the government has requested funding from the World Bank under the IDA Crisis Response Window (CRW) to support the resettlement of the victims, restoration of livelihoods, compensation and reconstruction of infrastructure in the affected communities.

“Mr. Speaker, we recognise the place of climate policy and financing to help address the long-term effects of climate change on victims of drought, flooding, and other adverse weather events. Accordingly, the Ministry has applied to the Global Shield Against Climate Risk Fund, an initiative launched by President Nana Akufo-Addo and Chancellor Olaf Scholz during the COP 27 in Sham ElSheikh, to access some financial resources to support communities upstream and downstream of the Akosombo Dam.

I convey the sincere appreciation of H.E. The President and the entire Government to all groups and individuals who have empathized with, and supported the affected families. It is in this same spirit that we must continue to be grateful to God that no lives have been lost due to the devastating spillage from the Akosombo Dam.”

Government through VRA, NADMO, and various agencies under the 13-member high level inter-ministerial committee, (comprising of the Ministries of Energy, Finance, Local Government, Environment, Interior, Health, Sanitation & Water Resources, Defense, Roads & Highways, Education, Information, Health, and Gender) have subsequently provided various forms of support to the impacted communities.

This support included food and related items, drinks, mattresses, mosquito nets and coils, clothes, baby food and diapers, sanitary pads, treated water services and storage tanks, solar lamps, sanitation services, restoration of utility services, and some social infrastructure.

“Mr. Speaker, the visit of the officials of the Ministry of Finance and myself, in collaboration with VRA, to the victims of the Akosombo Dam Spillage in Mepe was truly revealing and sobering. Indeed, we empathize with the families that have been affected and displaced by the spillage. We met victims, townsfolks, children, the chiefs and of course Honourable Okudzet, he added.

Kwaku Sakyi-Danso/Ghanamps.com

Minister admits economy faced challenges in the last two years

Presenting the 2024 budget on the floor of the House on Wednesday, November 15, 2023 Finance Minister Ken Ofori Atta noted two years out of the seven years that the current New Patriotic Party has been in power the Ghanaian economy faced challenges.

The economy, growing at an average of 7 percent with a single-digit inflation, declining interest rates and a stabilising currency, suffered unforeseen shocks like many other economies.

GDP growth slumped from 6.5 percent in 2019 to 0.5 percent in 2020 – as the lockdown and closure of businesses and the ports had a devastating effect on the economy, triggering a cost-of-living crises that has made lives difficult for the Ghanaian people.

Though bartered and bruised, we are not broken and our resilience is manifesting and we also saw the damaging effects that the economic downturn had on Ghana’s already stretched revenues.

This was even made worse by the additional expenditures that were required during the covid-19 Pandemic to ensure that life and livelihoods were protected, he said.

Mr. Speaker, 2020 was also in an election year. The first ever election in the Fourth Republic with zero donor funding.

However, Government’s sensitivity to our people was remarkable: No lay-offs in the public service; salaries were dutifully paid over the year; and free water and electricity for the entire population was provided, especially for life-line consumers.

Indeed, Entrepreneurship was not ignored as GH¢600 million of CAPBuSS from GEA was effectively deployed.

Mr. Speaker, permit me to clarify that the disruption to our macroeconomic path over the last few years was not peculiar to Ghana. The global disruption to supply chains, adjustment to new forms of work, and shifts in demand produced some of the most cataclysmic effects on inflation and growth worldwide.

This set-off the worst form of global cost of living crises since World War II. In the US, inflation surged from a low of 1.8 percent in 2019 to 6.5 percent by 2022 and is currently at 3.7 percent. We have seen this reflect in interest rate decisions by the US Federal Reserve and also in benchmark yields. The yield on the 10-year US Treasury instrument is currently at 4.6 percent compared to 1.4 percent two (2) years ago.

And this is an economy whose currency is the global reserve currency. We see similar trends in the Eurozone and also in the UK. Inflation in the UK was 1.7 percent in 2019 and was recorded at 11.1 percent in October 2022, a 41-year high. Changing The Narrative in the Mid-Year Review, I informed this House that we had started turning the corner.

Today, it is evident that: i. We turned the corner when inflation started declining from 54.1 percent in December 2022 to 35.2 percent in October 2023; ii. We turned the corner when, despite a 1.5 percent projected growth, the economy galloped at a remarkable pace, and clocked an average of 3.2 percent growth in the first two quarters of the year; iii.

We turned the corner when the currency, which had been under severe pressure over the past two years, depreciated by a modest 6.4 percent cumulatively from February to date, compared to 53.9 percent over the same period in 2022.

The performance of the Cedi is also a reflection of 4 the fact that confidence is back, revenues have improved, and that the recovery is indeed real and is here to stay; iv. We turned the corner when companies started going back to the job markets to hire workers; v. We turned the corner when the International credit rating agencies, which have not been favourable to Ghana in recent years, started being positive about our economy; and vi. We turned the corner when the Banking industry started to record and report a profit-after-tax growth of 43.8 percent (GH¢6.2 billion); vii. We turned the corner when in record time we completed the IMF 1st Staff Review of 6 Performance Criteria, 3 Indicative Targets and 3 Structural Benchmarks.

Ghanamps.com

2024 would be stability and development budget—Twum Berimah

The Member of Parliament for Dormaa East Paul Twum Barimah is confident the 2024 budget will be a stability and development budget based on signals he picked from a member of the Majority side and believes something good would come from the Finance Minister.

According to him there would be cutdown on so many sectors and taxes would be taken off some items like agriculture inputs.

And the issue of climate change would be given attention in the budget particularly vehicles that generate emissions would be taxed and congestion as well.

In an interview he further pointed out that politicizing issues about the economy from both majority political parties, the NDC and NPP that have been at the helm of affairs of the Country is not helping; cited the E-Levy as a typical example.

“When we move away from the politics we would get things right we should start it now, when we consider that we are Ghanaians and act fairly. And when we act we do it in our interest, we would achieve results; and when we talk of corruption ninety percent it’s the civil servants”.

Kwaku Sakyi-Danso/Ghanamps.com

Nana Appiah Mensah charged with thirty-nine counts of offenses—AG

The Attorney general and minister for justice, Godfred Yeboah-Dame has said, the accused person, in Nana Appiah Mensah, was on 30th August, 2023, charged with thirty-nine (39) counts of the offences of defrauding by false pretense, fraudulent breach of trust, operating a deposit-taking business without a license, selling gold, inducement to invest and money laundering, at the High Court, Accra (Financial Division 1).

According to him the matter has been called in court and the plea of the accused has since been taken where he pleaded guilty.

He made this kwon when he answered an urgent question on the floor of the House posed by Member of Parliament for Lower Manya Krobo Ebenezer Okletey Terlabi who wanted to know the status of the prosecution of Menzgold Company led by NAM 1.

Mr Yeboah-Dame further said the prosecution has, in accordance with new rules for case management, been ordered to make all disclosures and file witness statements and the matter has been adjourned to 17th November 2023 to ensure that the prosecution has complied with the orders of the court and for a date for case management conference to be fixed.

The MP in his follow up wanted to know if the accused has indeed deposited some money as being speculated in the media. This the AG noted that information came to his attention that some funds has been paid to the Ghana Police Service and there is no formal bargaining plea that has been entered into between the state and the accused person.

“Per record I have two point five million Ghana cedis has been paid by the accused person and not five million Ghana cedis” he told the House

Kwaku Sakyi-Danso/Ghanamps.com