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PAC starts hearing on 2020 Auditor-General’s report on MDAs

The Public Accounts Committee has started public hearings on the report of the Auditor-General on the Public Accounts of Ghana- Ministries, Departments and Other Agencies (MDAs) for the year ended 31st December, 2020.

At its first sitting on Monday, January 16, 2023, the Chairman of the Committee, Dr. James Klutse Avedzi and the members of the Committee invited the Deputy Minister of Finance, Abena Osei Asare, Directors from the Finance Ministry and Officials from the Controller and Accountant General’s Department to answer queries cited in the Report of the Auditor-General on the Public Sector Accounts of Ghana (General Government) for the year ended 31st December, 2020.

The Committee also considered the report of the Auditor-General on the Consolidated Statement of the Foreign Exchange Receipts and Payment of the Bank of Ghana for the year ended 31st December, 2020.

Directors and officials from the Bank of Ghana, led by the Governor, Dr. Ernest Addison appeared before the Committee to respond to infractions cited in the Auditor-General’s Reports.

The Deputy Minister of Finance, Abena Osei Asare, hinted that the Ministry of Finance will soon bring before Parliament a comprehensive report covering the entire government expenditure on COVID-19 for consideration. She made this known to the Committee since the Auditor-General’s Report was prepared during the era of the COVID-19 and most MDAs made purchasing they didn’t budget for.

Ghanamps.com

We will crush if government fails to engage – Dr. Ato Forson

The Ranking Member on the Finance Committee of Parliament, Cassiel Ato Forson said the reason government is facing the push back in its debt exchange programme is because it failed to follow best practice.

He said the best practice is for government to have engaged stakeholders before embarking on the programme.

Responding to a question on what next if government fails to engage and get the buy-in of stakeholders for the Domestic Debt Exchange programme at the Minority press conference Dr. Ato Forson said “they may postpone until Jesus comes; if they fail to engage they will continue to postpone. There are best practices and the best practice is that you engage before you such a thing”.

Putting things in perspective, he said “the banks are not stupid; they have sixty billion plus of their money in government bonds; the insurance companies have 10 billion plus of their money in government bonds; the two put together is 70 billion. On the average they will be earning 20 percent coupon for 2023. This 20 percent coupon of 70 billion translates into GHC14 billion that they would lose in the year 2023. If you put their profitability for the year 2023 together they will not even get 50 percent of this as profitability.”

He stated that with the above problem the banks will collapse and projected that a minimum of five banks will collapse if the programme goes on.

Additionally, banks would also be forced to lay off staffs and close some branches.

He opined that the monies that the banks have invested belongs to depositors hence there would be liquidity issues, such that people will not be able to get their monies when they visit the banks, and the banks are not stupid to allow this.

He said about individuals, 13.1 billion of individuals’ money would be affected, and their interest will be denied them, hence they will ask questions.

The Ranking Member also noted that abouy6.5 million households as a result of this arrangement will move from the middle class to a poor status, “so let’s be careful about the way they are going; and it is important that they engage; and if they engage obviously there may be a chance that some may give something away. Until they engage we will crush”, he emphasized.

Ghanamps.com

1D1F is a complete failure and waste of resources —Ranking-Trade Committee

Ranking member on the Committee of Trade, Industry and Tourism, Emmanuel Armah-Kofi Buah has said the assertion made in this year’s budget by government for promotion and formulation of partnership with existing and prospective business to expand manufacturing plants is an admission of the failure of the One District One Factory (1D1F) industralisation agenda.

According to him the project has been a complete failure, waste of resources and called on banks providing funding support to the 1D1F policy initiative to confirm the disbursement of allocated amounts by the Ministry of Trade and Industry.

Deputy Ranking on Trade

He further called on the NPP led government to account to Ghanaian taxpayers for the failed policy initiative, adding that looking at the time remaining for the party in power with the limited number of factories, the policy is not working.

He asserts that the policy has not made any progress in the quest to moving the country from agro-based economy to an even semi-industralised economy.

Mr. Buah pointed out at a press conference that per research done by the Minority, there has not been even distribution of factories in each district as promised; stating that out of the so called 296 1D1F factories at various stages of implementation, about 76 are in Accra, 54 in Kumasi whiles majority of the factories are existing factories. He also questioned where the massive employments promised under the 1D1F are?

“Can anybody confirm the value addition promised under this programme and how it has contributed to our GDP?”
Furthermore, the Minority questions where the substitutes of imported goods promised under the programme are; and if anybody can point to one product – rice, sugar or even toothpick that we have succeeded in reducing its import as a result of 1D1F.

For the increase in foreign exchange earnings he noted that the least said the better.

Kwaku Sakyi-Danso/Ghanamps.com

Green hydrogen will address effects of climate change — Dr Tunis

Speaker of the Community Parliament, Rt. Hon. Sidie Mohammed Tunis has said green hydrogen will go a long way in curbing the adverse effects of climate change.

According to him, to boost access to energy, there is the need to achieve a sustainable renewable electricity generation hence the world needs to promote international cooperation and collaboration around access to technology knowledge and capital.

“We need healthy partnerships and mutual cooperation to promote investments in the sector, which cannot be left to the Executives alone”.

He was addressing the thirteenth session of the International Renewable Energy Agency (IRENA) Assembly – 2023 and IRENA Legislators Forum on the theme “Ensuring a more sustainable energy transition through international co-operation – National Strategies on Green Hydrogen”.

Dr. Tunis drew the attention to the responsibility Legislators have to protect their populations, understanding fully that no one nation can claim supremacy in this fight. This will be achieved through the quality of laid down frameworks and blueprints needed to guide cooperation, partnerships, investments, and application of relevant technologies around the world.

Ghanamps.com

Oda MP hands over 3-storey office block project to contractor

A sod-cutting ceremony has been held to hand over an abandoned twenty-four year old 3-storey block for the Birim Central Municipal Assembly to a new contractor.

The Member of Parliament for the area, Alexander Akwesi Acquah successfully lobbied the District Assembly Common Fund to intervene to fund and complete the project.

Speaking at the event, the MP asserts that the municipality went through a whole lot last year and “we pray this very year goes our way”, he said.

He said “an MP’s work is to go and plead for developmental projects to come into his constituency; thus urged the MCE and her people to take over from there. This, he noted is the reason why an MP and his MCE should have a good rapport.

He promised that the Akim Oda Market project will start and complete in his tenure as MP, while assuring that roads and hospital are also in the pipeline.

He advised the assembly that, this ultramodern infrastructure will be equipped with the necessary office stationery and called for proper handling when the time comes.

The MP also called on the contractor to put up a good work for quality delivery while ensuring accelerated completion of the project.

The Municipal Chief Executive for the Area Mrs. Victoria Adu commended the Member of Parliament for making this dream come through.

Ghanamps.com

Speaker of ECOWAS Parliament to participate in 3rd World Energy Day

Speaker of the Economic Community of West African States (ECOWAS) Parliament Rt. Hon Dr. Sidie Mohamed Tunis has departed for Abu Dhabi, UAE, to participate in programs marking the 3rd @ World Energy Transition Day, which will be celebrated under the overarching theme, ‘World Energy Transition – The Global Stocktake’.

During the event, Dr. Tunis is expected to deliver a Keynote Address at the Thirteenth Session of the International Renewable Energy Agency (IRENA) Assembly -2023 and IRENA Legislators Forum on the theme “Ensuring a more sustainable energy transition through international co-operation – National Strategies on Green Hydrogen”.

The session of the Assembly and related meetings will gather global leaders and energy decision-makers to take stock of operational plans and policies, and highlight the concerted action undertaken to implement the energy transition across countries, regions, and the world.

Additionally, the Honorable Speaker will also be making significant interventions at a Public-Private Dialogue on the theme “Towards Just and Inclusive Energy Transitions: Social Dialogue, Skills, and Decent Jobs for All”.

The Dialogue will convene governments, labour unions, and the private sector to share their perspectives and discuss what a just energy transition means in practice. Stakeholders are also expected to exchange views on best practices and lessons learned in ongoing efforts towards just and inclusive transitions and identify further cooperation and outline key challenges and concrete actions to address them.

Both events are holding on 13th January 2023 at the St. Regis Hotel, Saadiyat Island, Abu Dhabi.

Ghanamps.com

MP for KEEA engages with constituents

As Parliament is on recess, Member of Parliament (MP) for Komenda Edina Eguafo Abirem (KEEA) Samuel Atta-Mills is using the opportunity to engage and interact with his constituents.

The exercise which is dubbed “Time with your MP” the Elmina zone had their turn where very critical issues were raised and discussed and suggestions were offered on the way forward for the constituency.

Ghanamps.com

Minority unhappy with GES’ dismissal of eight SHS students for insulting President Akufo-Addo

The Minority in Parliament has reacted to the action taken by the Ghana Educational Service (GES) for dismissing eight Senior High School (SHS) students for insulting the President Nana Akufo-Addo.

According to the Minority in this age and time when there is increased advocacy and renewed focus on increasing access to education any decision that takes a child away from the classroom can only be seen as an absolute drawback to this renewed focus and objective.

“It is therefore, regrettable to learn of the decision of the Ghana Education Service (GES) to dismiss the eight female students of the Chiana SHS in the Kassena Nankana West District of the Upper East region for insulting the President of the Republic some months ago”.

In a statement issued by the Ranking member on the Education Committee of Parliament, Peter Nortsu-Kotoe, he said “whereas the, Minority is against the misconduct of the eight students, and condemns same, we wish to state that the decision by the GES to dismiss them is harsh and retrogressive, we believe the eight students like every other Ghanaian child deserve to be in school in line with Article 25 of the 1992 Constitution of Ghana and also Goal(4) of the United Nations Sustainable Development Goals”.

It is in view of this that we wish to call on the Ghana Education Service to review its decision and to ensure that the education of the victims is not truncated in this manner, he stated.

The statement urged GES to proffer an alternative but corrective punishment to the eight students.
This, they believe would be in the best interest of our collective goal to ensuring that every Ghanaian child has access to formal education.

“The Minority wishes to appeal to His Excellency the President, to use his good offices to pardon these students as he did in 2020, when a group of some students misconducted themselves towards him”.

Ghanamps.com

Akim Oda Central Market Complex to commence soon – MP

The Member of Parliament for Akim Oda Constituency, Alexander Akwasi Acquah has disclosed that his greatest joy in recent time has been the publication for Invitation for Tender towards the construction of the Akim Oda Central Market Complex.

According to Mr. Akwasi Acquah, the Invitation for Tender as published in the Daily Graphic indicated that “the Eastern Regional Coordinating Council in collaboration with the Member of Parliament for the Birim Central Constituency (Akim Oda Constituency) has secured financial support from the District Assembly Common Fund under its Emergency Support Programme (ESP) to cover eligible payments under a contract for the execution of the project indicated below. The Eastern Regional Coordinating Council now invites sealed bids from eligible tenderers for the execution of the project described below”.

The scope of the project he affirmed would include remodeling and reconstruction of the central market complex at Akim Oda.

Speaking to his constituents through a radio broadcast on Community 103.3 FM to account to his constituents to mark two years in office as their representative in parliament, the MP revealed that the original plan of government was to rebuild the market to the existing size, but his (MP) vision is to ensure they have something bigger and modern to meet the growing number of the constituency to help accommodate more interested persons since they have the land.

This, he noted led to the visit by the Common Fund Administrator, Naa Torshie to inspect and ascertain the need for a bigger market. And after the visit, she admitted that there was a need for a bigger market; as such there was a need to vary the design to meet the new plan.

According to him, the nature of the market, as it has become a disaster zone has been a major worry to him, and to have finally seen the tender invitation is most refreshing.

He assured that every effort required to ensure the project see the light of day he would be involved indicating that they have already prepared the cite and all other relevant institutions including the Public Procurement Authority (PPA) are doing their work to ensure the project takes off smoothly.

Mr. Akwasi Acquah announced that soon a billboard displaying the plan that has been accepted by government for the market complex would be erected for the public to be abreast of what is being done, to be followed by sod-cutting ceremony.

Dominic Shirimori/Ghanamps.com

Akim Oda MP accounts to constituents after two year in office as lawmaker

Member of Parliament (MP) for Akim Oda Alexander Akwasi Acquah through a radio broadcast has accounted to his constituents works he has done within two years since he became their representative in the Legislature.

The lawmaker thanked his constituent for the opportunity given him to serve and recounted that in the 2020 Parliamentary elections he had the highest vote over seventy percent (70) and he does not take that for granted.

Mr. Alexander noted that to work effectively as a lawmaker and meet the expectations of the constituents, he inaugurated some committees to assist him in his work since he cannot be in the constituency every day.

These include the Finance Committee which would take care of financial matters that need to be addressed in the constituency.

Education Committee which would look after educational issues and further noted, he had a call from a member of the Committee pointing out to the fact that the number of calls they have coming through were in huge volumes.

He asserts that constituents would have complained that the MP was hard to access particularly during school placement processes but it was easy to access them (constituents) when he wanted to the elected as MP. But thanks to the Education Committee it was easy for constituents to have the needed support in this regard.

Health Committee is another one tasked to oversee the health needs of the constituents; then, Social Welfare and Employment Committees to address the needs of constituents.

He said as an MP, it behoves on him to lobby for projects in his constituency hence the Project and Infrastructure Committee. Others include Institutional and Public Relations Committee billed to showcase what the MP is doing.

These Committees, he noted have so far done well to meet the aspirations of the people and would continue to put in more efforts to ensure development is equitably distributed among the various communities in the constituency.

Kwaku Sakyi-Danso/Ghanamps.com