Connect with us

Politics

President Akufo-Addo Finally Breaks Silence On Ghana’s Return to IMF -See What He Said

Published

on

President Akufo-Addo Finally Breaks Silence On Ghana’s Return to IMF -See What He Said

President Nana Addo Dankwa Akufo-Addo has for the first time, spoken about his government seeking an International Monetary Fund (IMF) bailout.

At the swearing-in of some new Ambassadors and High Commissioners at the Jubilee House, the president explained that the decision to seek an IMF programme was necessitated by the effect of the current global economic crisis on Ghana’s economy.

He added that the support the government was seeking from the fund will help stabilize Ghana’s economy and in effect lessen the hardships Ghanaians are going through, citinewsroom.com reports.

READ ALSO  Secret Finally Drops: President Akufo Addo On Reshuffling Ministers; Gabby Otchere-Darko Drops Shocking Message

“I am confident that with determination, hard work, unity, and the proverbial Ghanaian sense of enterprise, we will succeed, we will make it and indeed this too shall pass.

“Economies have been plunged into recession, businesses have collapsed, lives and livelihoods have been disrupted, food and fuel prices have escalated dramatically as global and domestic inflation mount.

“In our case, we have decided to see the collaboration with the International Monetary Fund to repair in the short run, our public finances, which have taken a severe hit in very recent times,” the president said.

READ ALSO  Nana Aba Anamoah Creates Problem For President Akufo Addo After Posting This Video -WATCH VIDEO

On Friday, July 1, 2022, President Nana Addo Dankwa Akufo-Addo ordered the Minister of Finance, Ken Ofori-Atta, to commence official engagements with the International Monetary Fund (IMF).

In a statement signed by the Minister of Information, Kojo Oppong Nkrumah, the finance minister was instructed by the president to seek the IMF’s support for an economic programme put together by the government of Ghana.

Representatives of the International Monetary Fund arrived in Ghana on Wednesday, July 6, 2022, for negotiations with the government of Ghana.

READ ALSO  I Am Committed To Senior High School As Minimum Level For Girl Child Education In Ghana –Akufo-Addo Assures

Source: www.GhanaCNN.com

Politics

Until You Sack Wontumi, You Can Never Fight Galamsey – Captain Smart To Akufo-Addo

Published

on

Until You Sack Wontumi, You Can Never Fight Galamsey – Captain Smart Boldly Tells Akufo-Addo

Host of Maakye on Onua TV/FM, Blessed Godsbrain Captain Smart has said until President Addo Dankwa Akufo-Addo sacks Chairman Wontumi, his fight against galamsey would forever be a figment of his imagination.

Captain Smart was commenting on the President’s visit to the Ashanti Region over the increasing galamsey and other projects halted in the garden city after Onua TV/Akoma FM jointly held a Peoples’ Assembly which brought to bear several issues confronting the residents.

READ ALSO  Captain Smart Exposes Ghanaian Politicians Who 'Stole' Ghana's Money and Saved In Banks In Switzerland;Drops Shocking Details -CHECK

Captain Smart, who has mentioned Bernard Antwi Bosiako, a.k.a. Wontumi, a regional Chairman of the ruling New Patriotic Party, as a kingpin in the illegal mining business said the President’s visit to discuss among other things, the increasing galamsey in the region would yield no result until Wontumi is ousted.

“There is only one media house in this country that can go to the Ashanti region and in less than a week, the president has to go there. Because the issues popping up are many. But Nana Addo, sack Wontumi before you can fight galamsey. Until you sack him, you can never fight galamsey,” he said.

READ ALSO  President Akufo Addo's Top Appointee ARRESTED

On roads and infrastructure, whilst Onua TV and Akoma FM reporters relayed that some roads, specifically Santasi Apire, was in bad shape, some residents who are believed to be party faithful debunked the reports saying the road was under  contruction.

Source: www.GhanaCNN.com

Continue Reading

Politics

NDC Name Top Officials Involved In Galamsey In Ashanti Region

Published

on

NDC Name Top Officials Involved In Galamsey In Ashanti Region

The Ashanti Region Communications Bureau of the major opposition National Democratic Congress (NDC) is alleging top executives of their archrivals are neck-deep in the growing galamsey menace.

The NDC specifically pointed fingers at New Patriotic Party (NPP) Ashanti Region Communication Director Dennis Kwakwa as “deeply involved in the galamsey menace including other top executives in the region”.

When probed by host of Akoma FM‘s GhanAkoma Aduanaba Kofi Asante Ennin to withdraw his comment because his platform has no evidence to his claims, Director of Communication for NDC in Ashanti Region Abass Nurudeen insisted that “I know what I’m saying Kofi. You can disassociate yourself from what I’m saying but it’s not mere allegation”.

READ ALSO  Kejetia Market Built By Mahama Is Needless, It's Causing Traffic In Kumasi - Wontumi Alleges

Mr Nurudeen while speaking on the show Tuesday, October 4, explained that he is aware and has reliable information that almost all the national and regional executives of the NPP have concessions and are assiduously digging into the Earth’s belly for the precious metal at the expense of the ecology.

Reacting to the NDC allegations was member of the NPP communication team, Baafour Asaase Gyimah.

READ ALSO  Secret Finally Drops: President Akufo Addo On Reshuffling Ministers; Gabby Otchere-Darko Drops Shocking Message

He explained that “though Mr Nurudeen is just making empty allegations, I will advise him to be careful because such insinuations can really cost you your political career but I can categorically say none of the NPP executives I know are legitimately involved in small-scale mining but galamsey I doubt any of my executives will have himself involved”.

The issue of galamsey has been topical in recent times especially when the Asantehene Otumfuo Osei Tutu II waded into the topic and quizzed why government’s numerous fights on galamsey have proven futile.

READ ALSO  Secret Finally Out: NPP Regional Chairmen are Paid Ghc50, 000 Monthly; Former NPP Communicator Drops Wild Secrets and Leaves Ghanaians Shocked -See Shocking Details

Source: www.GhanaCNN.com

Continue Reading

Politics

Ghanaians Are Suffering Everyday Under Our Economic Situation Worse – John Mahama

Published

on

Ghanaians Are Suffering Everyday Under Our Economic Situation Worse – John Mahama

Former President, John Dramani Mahama who also doubles as the leader of the National Democratic Congress (NDC) has once again lamented the country’s economic woes.

Mr. Mahama in a Twitter post on Tuesday noted that the economic situation is “distressing” and getting worse by the day.

The NDC flagbearer for the 2020 elections called on the government to, promptly and with eagerness, secure a programme from the IMF to stabilize the country’s economy.

“Distressing! Every passing day makes our economic situation worse. Gov’t must work with greater alacrity to lock in a programme with the Fund in order to create a more predictable economic outlook,” John Mahama tweeted on Tuesday.

READ ALSO  NDC ‘Jujuman’ Kills A Sheep As A Blood Sacrifice At EC Office In Ho

Meanwhile, Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to CAA2 from CAA1 and placed the ratings on review for downgrade.

The rating downgrade to CAA2, it said, reflects the recent macroeconomic deterioration, further heightening the government’s liquidity and debt sustainability difficulties and increasing the risk of default.

This follows the recent downgrade of Ghana’s credit rating to ‘CC’ from ‘CCC’ by Fitch.

READ ALSO  Captain Smart Exposes Ghanaian Politicians Who 'Stole' Ghana's Money and Saved In Banks In Switzerland;Drops Shocking Details -CHECK

Source: www.GhanaCNN.com

Continue Reading

Trending

%d bloggers like this: