The much awaited International Monetary Fund (IMF) has finally landed to dying Ghana economy with several conditions to enable them gain access to loan to regain the economy from a very critical state. However, as these conditions as anticipated by many Ghanaians, these conditions will go along way affecting average Ghanaians as most of them may see us loose several interventions that have us since the Akuffo Addo led new patriotic party came into power. The conditions include the immediate resolution of the free senior high school policy which was started in 2017 by the new patriotic party after winning the 2016 general election. The IMF believes Ghana’s economy is not at a state to render free senior high school education with several sectors on their needs. Also, the resolution of the nation builders corps since a chunk of money is used to pay several semi employed youth in the economy whose take home salary isn’t anything to talk about. It suggests that the government redirect these amounts in to the construction of more factories and job creation interventions to reduce the unemployment rate. Meanwhile, the IMF sees no reason why a country running to it would prioritize the construction of a cathedral among other pressing needs such as constant floods in the capital and increasing prices of foodstuffs in various markets across the 16 regions of Ghana. The IMF will also want the President to cut down on the size of the government especially the number of ministers. Ghana currently has over 82 ministers and this number takes on ton of money of the national coffers. The International Monetary Fund will also want to see the government abolish the ex gratia system which leases out huge amounts of tax payers money to past presidents and ministers of states who were duely paid during their tenure and had proper retirement packages made for them. These are but a few directives the financial organization will require from Ghana should it happen to grant us a loan to salvage our economy from its knees and getting back on its feet. Many Ghanaians are also against the decision by the government to run to the IMF to ask for another loans despite taking several loans within its 6years in power . Ghana’s current debt sits at about $54 billion which constitutes over 7000% of the country’s GDP. Apexnewsgh.com
IMF: NPP man lambast government leadership, questioned whereabout of the men.
One of the controversial outspoken member of the governing New Patriotic Party (NPP) Wilson Dabuo, has questioned the whereabout of the men his party claimed they have. Dabuo dissatisfaction resurrected after the official release from the office of the President of the Republic Nana Addo Dankwa Akufo-Addo through the Information Ministry instructing the Finance Minister to engage with the International Monetary Fund (IMF). He said, “I believe the President will at this time show some leadership. Change the team A, as the country awaits the IMF arrival.Not only is there hunger in the country, there’s also a pure sight of anger!” Read his full Meta post below: The Wind of Change that blew across Ghana in the runner up to the 2016 election was such manifest that the opposition then and now government had the goodwill of the people. Motivated by such goodwill, the citizenry were told thatthey have the men and women to deliver. I dare ask the question,Where are the men and the women? Where are they that we can’t see them at work? If this is the team A, they obviously have not been satisfactory enough! Or it is only the President that see their respective performance? Like the Black Stars of Ghana, we always blame others for our lack of good showing. Thus, weBlamed COVID-19 and the Russia-Ukraine war. But never thought for once that the team players are core structures in this whole meltdown. How on earth can a President with a cream of competences around him wish to play certain midfielders when indeed there are obvious injuries? I agree we turn to the IMF but until this team of persons around the Presidency are changed, like the joke of the e-levy, the IMF cannot be a panacea either.I believe the President will at this time show some leadership. Change the team A, as the country awaits the IMF arrival. Not only is there hunger in the country, there’s also a pure sight of anger! Source: apexnewsgh.com
Those who take you to IMF cannot break the 8–Kennedy Agyapong
The Member of Parliament for Assin Central, Kennedy Agyapong has said the New Patriotic Party cannot win the 2024 elections with the same faces taking the country to the International Monetary Fund (IMF) for a financial bailout. Engaging Party members at the ongoing NPP National Constituency Officers Welfare workshop at Koforidua in the Eastern Region Friday, Mr. Agyapong expressed disgust about the move by the government to seek a bailout from the IMF. “You are sitting here and you are smiling. IMF? What are we going to say again? Somebody texted me that I shouldn’t say anything about the IMF, I shouldn’t say anything about IMF? I will say it”. “Going into IMF is just like giving over power to NDC without a contest straightaway. Because the noise makes and I chew my own words back when I said NDC Went to IMF because of their mismanagement of the country or the economy”. “So, if NPP is going to IMF what am I going to say again? So, breaking the 8 is going to be tough. You cannot use the face of those who took us to IMF to break the 8, I won’t work. My message to you is simple, you cannot read my lips, and am not scared of anybody in the party, I will tell you the gospel truth.” Those who take you to IMF, those same faces cannot break the 8. A word to the wise is enough. I am very very sad today, when I saw the publication that we are going to IMF. You know, that is what Mahama was praying for and he has gotten his wish. It will not be easy, it will take hard work. So, prepare ourselves knowing there is a task ahead of us, and therefore, is only unity that will make sell through breaking the 8. He stressed Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
Breaking News: Engage IMF– Akufo to Finance Minister
The President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo has authorized Finance Minister Ken Ofori-Atta to engage the International Monetary Fund (IMF). Read the release below: Source: apexnewsgh.com
First bank wide mobile money service by universal banks launched
Vice President Dr. Mahamudu Bawumia Writes: This morning in Accra, I launched the GhanaPay mobile money service, the first bank wide mobile money service by universal banks, rural banks, as well as savings and loans companies to individuals and businesses. The service, which operates like the existing mobile money service, also has additional banking services, and is opened to everyone with access to a mobile phone, with or without a traditional bank account. This is another groundbreaking initiative, which further expands our government’s vision for financial inclusion, especially to the unbanked population through digital banking. Ghana becomes the first country in the world that has implemented a bank-wide mobile money service. Congratulations to the Central Bank, the Ghana Association of Bankers, GhIPSS and all other stakeholders for the collaborative effort to make this possible. Apexnewsgh.com/Ghana Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
Our biggest disease is corruption and the vaccine is transparency–Dr. Bawumia
The Vice President Dr. Mahamudu Bawumia has stated, that the Akufo-Addo government’s infusion of digitalization in the provision of government services as part of the fight against corruption is beginning to yield major results, with even more interventions planned to fight it even harder. Speaking at the 2022 edition of the Annual Conference of the Institute of Internal Auditors (Ghana) in Accra on Thursday 5th May, 2022, the vice president stressed that Government is “very, very committed” to the fight against corruption, and will continue to infuse digitalization into the operations of state institutions to ensure more transparency. “Building strong institutions means putting in place the right systems and practices that ensure transparency and brings about efficiency. With this, although corruption may remain a chronic disease, transparency will be its vaccine to reduce the rate of spread. As the saying goes, our biggest disease is corruption and the vaccine is transparency. Corrupt people hate transparency,” he indicated. “I would like to draw your attention to where we are as a country in our digitalization process. We have made tremendous progress in building the digital infrastructure that serves as the bedrock for our digitalized economy as part of the paradigm shift in our economic transformation. “We approached the building of this digital infrastructure on the key pillars of standardizing individual identification using the Ghana Card; solving the address and property systems using GhanaPostGPS; solving under-banking and bringing financial inclusion to most people through a robust mobile money and bank interoperability and digital payment platform; and integration of Government Databases and digitising public service delivery using the Ghana.gov platform.” “Already, we are seeing the impacts of these initiatives including efficient public service delivery by all Ministries, Departments and Agencies on the Ghana.gov portal, combatting corruption by removing the middle-man and “ghost names” in many transactions, bringing more Ghanaians into the formal sector, and driving domestic revenue mobilization, among others. “If you take the Passport Office for instance, in 2017 there were about 16,000 applications for passports generating about Ghs1m. But with the advent of digitization, there were over 498,000 online applications in 2021, generating over Ghs56m. Similar things are happening at the DVLA, the ports, and other institutions. “Recently, due to the introduction of e-tickets, we recorded the highest gate proceeds from a football match in Ghana. We will continue to shine the light of transparency in all aspects of national life.” However, he charged Internal Auditors to play their part in the fight against corruption, given their key role in the governance structure in institutions both public and private. “As internal auditors in a digitalized economy, your ability to provide independent assurance that public sector institutions’ risk management, governance and internal control processes are operating effectively depends first and foremost on your embracing and adoption of digital technology. It is critical for those responsible for governance to embrace digitalization for survival and growth. “In tune with the mission of the Institute of Internal Auditors, the internal audit function must be well-positioned to help organizations accomplish their objectives by providing insight and foresight. This, must be achieved by adopting the systematic disciplined approach to evaluate and improve the effectiveness of risk management, control and governance.” Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your adverts and credible news publications. Contact: 05555568093
Dr. Bawumia addresses a High-Level Diasporan Forum in Accra
Dr. Mahamudu Bawumia, Vice President of the Republicof Ghana has addressed a High-Level Diasporan Forum organised by the United Nations Population Fund (UNFPA) in Accra on Friday, April 22, and stressed the unbreakable link between Africa and its descendants, their potential contributions to the development of the African continent, and the need to continue to open doors for them back to their roots. Meanwhile, addressing the High-Level Diasporans, Dr. Bawumia underscored the role Ghana has played in promoting Africa and Africans in the Diaspora through initiatives such as “Year of Return” and “Beyond the Return” and also reaffirmed Ghana’s commitment to champion the objectives of the International Decade of People of African Descent as envisioned by the UN General Assembly. Even at the AU level, these issues will continue to be emphasised and with the urgency it deserves. Apexnewsgh.com
John Mahama left strong economy for NPP and they recruited 125 ministers and now they can’t …Sampson Tangombu
The NDC Member of Parliament for Navrongo Central Mr. Sampson Tangombu Chiragia has said, it is obvious former President Dramani Mahama left a strong economy to NPP before leaving office because evidence shows, they were able to recruit One Hundred and Twenty Five (125) Ministers immediately took over from John Mahama. Apexnewsgh.com report According to the Navrongo legislator, “Today, the NPP and Dr. Bawumia are claiming the economy is recovering and they cannot even recruit Deputy Regional Minister which was the case in their first administration immediately John Mahama left office. However, Mr. Sampson Tangombu called on the Vice President Dr. Mahamudu Bawumia to render an apology to Ghanaians because he got it wrong from the beginning by tagging John Dramani Mahama as ‘incompetent’ “I will sincerely task Dr. Bawumia to come and apologize to Ghanaians and let them understand that he got it wrong. Because today, he agrees that our economy is driven by external forces forgetting that we don’t sell dollars or print dollars in Ghana. But he used the dollar as the benchmark against John Mahama by way of calling Mahama {incompetent}” Responding to the Ukraine-Russia war which was captured by Dr. Bawumia’s lecture, the MP said: “Ukraine-Russian is barely 2months and you are using to build as your non-performance of the economy, forgetting that if the price of crude oil goes up, you are also benefiting”. The problem in Ghana today, is the exchange rate which we cannot control and the loan they are paying over 50 billion a year. Mr. Sampson Tangombu stressed Apexnewsgh.com/Ghana Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
Show Ghanaians one factory you built as a govt 5 years down the line–NDC MP challenges govt
The NDC Member of Parliament for Navrongo Central Mr. Sampson Tangombu Chiragia has challenged the governing New Patriotic Party (NPP) to show Ghanaians one factory they built as a government 5 years down the line. Apexnewsgh.com report Speaking in an interview with ApexnewsGH on Friday, April 8, 2022, the Navrongo legislator threw the challenge whiles responding to some issues raised by Dr. Bawumia during his TESCON encounter on Thursday. “In Ghana today, let the NPP show us one factory they started as a new factory as a government of Ghana. They only came to support individual existing projects”. “Under the One Village One Factory (1V1F) policy, no single factory has been built by this government and they claimed they have been able to revamp about 130 factories and they don’t want to use the word revamp. Can you show me a factory the NPP built that has recruited over 300 people in Ghana 5 years down the line?”. In the Upper East Region, can they show us just one factory they have built for the region?”. Mr. Sampson Tangombu asked. Meanwhile, according to governing New Patriotic Party, the One District One Factory (1D1F) initiative is the vision of His Excellency the President, Nana Addo Dankwa Akufo-Addo to change the nature of Ghana’s economy from one which is dependent on import and export of raw material to one which is focused on manufacturing, value addition and export of processed goods. These raw materials are largely found in the districts which would have otherwise gone waste. The initiative as proposed by His Excellency Nana Addo Dankwa Akufo-Addo is private sector-led. Government creates the necessary conducive environment for the businesses to access funding from financial institutions and other support services from Government agencies to establish factories. Ghanaian entrepreneurs will thus own the companies, operate them and bear all the risks and rewards of the projects. However, since its launch on 25th August 2017, the people of the Upper East Region are yet to see even one of the old collapsed factories such as Pwalugu tomato factory, and the Meat factory at Zaurungu revamp. Apexnewsgh.com/Ghana Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
Just In: Colleges of Education Non-Teaching Staff Association of Ghana to Start Strike on Monday
The Colleges of Education NON-TEACHING STAFF ASSOCIATION OF GHANA are set to embark on an indefinite strike starting from Monday, April 11, 2022, across all the forty-six(46) public colleges of Education in Ghana. Apexnewsgh.com report The President of the association at St. John Bosco’s College of Education Mr. Richard Ane announced the strike action to members of the Association on Friday, April 8, 2022. He said the Association has concluded to lay down its tools and not to report to work until further notice with the assurance that, members are protected since the strike is legal. According to Mr. Ane, the decision to embark on the strike came as a result of government’s continuous disregard for the following: -Wrong placement of first degree holders, non-payment of migration arrears, exclusion of generic allowances, partial payment of office holding allowances and non-payment of interim market premium arrears. Meanwhile, ApexNewsGh has learned that the decision to embark on this strike was served in January 2022, but could not be carried through due to the intervention of the national labor commission ((NLC). Unfortunately, for some time now, no commitment has been shown by the government as a solution to the concern raised. However, the National President of CENTSAG Frederick Forkuo Yaboah has said, with the exception of the school security, all Members of CENTSAG will from Monday, the 11th of April, 2022 stay away from duty until further notice. Apexnewsgh.com/Ghana Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093









