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
The working people of Ghana will do whatever it takes to prevent the imposition of needless hardships–TUC
The Trades Union Congress (TUC), said, it will resist any conditionality that will put them into any economic hardship as government run to IMF for a bailout. TUC issued the warning following government’s decision to seek support from the IMF. According to Media reports, officials from the International Monetary Fund are expected in Ghana on Wednesday, July 6, 2022. However, a statement signed by TUC Secretary General, Dr. Anthony Yaw Baah said: “Ghana has done this seventeen times and the government has just announced the commencement of engagements for the eighteenth IMF-sponsored programme. One thing is very certain – the eighteenth IMF programme will not solve our problems. “Therefore, we should be prepared for the nineteenth, twentieth and more programmes in the next few years, even though it is so obvious that IMF programmes pay practically no attention to the removal of structural constraints to sustainable growth and development,”He. stated. He added: “We would like to remind the government that, as part of the negotiations for the 2021 and 2022 base pay, we agreed to the four and seven percent pay increases respectively on condition that the government will not declare redundancies in the public service and that government will continue to employ young people into the public service. “We would like the government to note that the working people of Ghana will do whatever it takes to prevent the imposition of needless hardships on them and the good people of Ghana.” Source: 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
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
WATCH VIDEO: No factory, no devpt, nothing is going on in UE Region– Madam Melanie Kasise to President Akufo-Addo.
The Executive Director and founder of Sirigu Women’s Organisation for Pottery and Arts (SWOPA) Madam Melanie Kasise have added her voice on the issue of the Upper East Region under development which has become a headache, especially for those who mean well for the region. Apexnewsgh.com report The fearless and outspoken Madam Kasise in an exclusive interview with Ngamegbulam Chidozie Stephen of Apexnewsgh.com said: “We have not been able to get much as a region. Because from the time I was young till now, we saw the meat factory and the Pawlugu tomato factory but as it is now, they have all died out, they are not resurfacing and new things are not coming. So, it seems as if our region is a bit fainting as far as development is concerned. If you are always crying that there is no money, a child does not know that his father or mother doesn’t have this or that, when he is hungry, he is anxious to cry for whatever he or she needs and this is what the people of Upper East Region are all anxious about. We feel left out, please Nana come to our aid, you have got some children here growing up and would like to see the development grow with them. Upper East Region, since the introduction of government policy One Village One Factory (1V1F) has been struggling to even bring back the collapsed Meat Factory in Zuarungu and the Pawlugu Tomato Factory back to operation. Apexnewsgh.com/Ghana Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
President Akufo-Addo 2022 May Day celebration speech
Address By The President Of The Republic, Nana Addo Dankwa Akufo-Addo, At The 2022 May Day Celebration, On Sunday, 1st May 2022, At Independence Square, Accra I am always glad to be in the company of Organised Labour, especially to celebrate May Day, the day set aside to pay homage to those who fought the heroic battles that have made today’s ordinary things possible. I cannot begin this address without paying tribute to Organised Labour and its leadership for their invaluable contribution in helping to keep our country on its two feet at the height of the COVID-19 pandemic. Your co-operation has been a mark of patriotism, and I applaud you for that. Indeed, you continue to uphold the tradition of national engagement initiated by the legendary pioneers of Ghanaian trade unionism, Pobee Biney, Vidal Quist, Anthony Woode et al, through whose work and sacrifice we have inherited the free, independent Ghana in which we now live. With the ongoing vaccination campaign, which has seen some 14.2 million Ghanaians taking the jab, and with our continued observance of the safety protocols, despite the lifting of virtually all restrictions, we are beginning the process of returning our lives and livelihoods back to a marked degree of normalcy. I know that sooner, rather than later, we will be out of the woods completely. Secretary General, on the occasion of the 2021 May Day Celebration, I expressed the resolve of Government to win the fight against COVID-19. It was also my hope and expectation that we would celebrate this year’s May Day ceremony without masks. A year on, I am excited not only because of the news of the rebound of our economy, evidenced in the 5.4% growth rate chalked in 2021, which is manifesting itself in heightened economic activities across the nation, but also because we are returning to commemorating May Day as we should. Indeed, last year’s edition took place at the Forecourt of the Hall of Trade Unions, a venue significantly smaller than the Independence Square. The 2020 edition, you will recall, confined us to the studios of the state broadcaster, Ghana Broadcasting Corporation. Without a doubt, significant progress has been made thanks to our collective efforts in observing the COVID-19 safety protocols, and in getting vaccinated. As we commemorate this day, I urge all workers and Organised Labour to celebrate this day fully, while observing, at the same time, the enhanced hygiene protocols. “Protecting Jobs and Incomes in The Era of COVID-19 and Beyond”, the theme for this year’s celebration, is apt, especially as the implementation of economic recovery measures and the lifting of COVID-19 restrictions mean that we have resumed full production and increased productivity, in our quest to put our nation back onto the path of progress and prosperity. Over the past year, in particular, Government has implemented a number of policies and programmes all in an attempt to hasten economic recovery from the ravages of COVID-19. We have introduced measures to improve fiscal consolidation, and ensure debt sustainability, which are critical to achieving macroeconomic stability in the short to medium-term. These measures, such as the passage of the E-Levy Bill, have not been introduced in isolation. They have come on the back of a revenue loss of GH¢13.1 billion, and an increased, unbudgeted expenditure of GH¢14.2 billion. There is, thus, an overall fiscal impact of some GH¢27.3 billion, representing 6.8% of GDP. In addition to this, adverse global developments have impacted severely on exchange rate and inflation, with the overall effect being the weakening of the real incomes of people in Ghana, just as is happening everywhere. That is why the Secretary-General can justifiably list the litany of woes that are adversely affecting the living standards of working people in Ghana and in the outside world – high inflation, high fuel and petroleum prices, escalating food prices, and reduced income levels. We, thus, have to make concerted efforts as Partners to hasten our recovery from COVID-19 by finding intelligent ways of bringing everyone on board to contribute their quota, no matter how small. Indeed, we have had to cut discretionary expenditures of Ministries, Departments and Agencies by thirty percent (30%), we have reduced the salaries of political appointees by thirty percent (30%) for the rest of the year, reduced their fuel coupon allocation by fifty percent (50%), and placed a moratorium on the purchase of imported vehicles, amongst others. As fate would have it, the outcome of the National Labour Conference held earlier this year in Kwahu-Nkwatia, in the Eastern Region, provided guidance, and encouraged Government to re-examine critically the prevailing situation, and proffer strategies and solutions that would help reverse the trend. We are witnessing some degree of stability in the macroeconomic data, and we are hopeful of maintaining and building on them throughout the year. “Protecting Jobs and Incomes in the Era of COVID-19 and Beyond” is, undeniably, the collective responsibility and duty of all social partners. This is because incomes earned by workers are a function of jobs created by employers, and of the creation of an enabling environment by Government to help sustain enterprise growth. Data from the International Organisation of Employers (IOE) indicates that the private sector generates nine (9) out of ten (10) jobs worldwide, thereby contributing to greater economic and social equity, integration and political stability. It is not for nothing that the United Nations’ 2030 Agenda for Sustainable Development underscores the importance of the private sector in the creation of jobs, specifically Small and Medium Scale Enterprises (SMEs), which play key roles in employing the majority of the world’s workforce. We must, as a matter of urgency, intensify the measures that affect the private, informal sector, in order to enhance access to cheaper capital. Protecting jobs and incomes requires Government to provide adequate support to enable the private sector retain its labour, for private-sector-led economic growth is the most conducive way of sustaining inclusive recovery from the COVID-19 pandemic. As the main source of growth and job creation, the
Minority rushed to supreme court to Prevent E-levy
The opposition minority caucus has petitioned the Supreme Court for an order of interlocutory injunction to prevent the Akufo-Addo-Bawumia led government through the Ghana Revenue Authority (GRA) from commencing with the implementation of the Electronic Transfer Levy (E-Levy) on the 1st of May 2022. Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
NDC Parliamentary Caucus set to investigate allegations leveled by Serwaa Broni against President Akufo-Addo
The Parliamentary caucus of the opposition National Democratic Congress has started that, they are “aware of very scandalous allegations contained in an interview granted Mr. Ekow Kevin Taylor by Madam Evelyn Serwaa Broni on Easter Sunday the 17th of April, 2022”. According to them, the allegations, “if proven to be true, raise grave charges of abuse of office, human right violations and conduct which bring the high office of President of Ghana into disrepute” Read the press statement NDC Parliamentary Caucus Statement on the Nana Addo – Serwaa Broni Scandal The NDC Caucus in Parliament has become aware of very scandalous allegations contained in an interview granted Mr. Ekow Kevin Taylor by Madam Evelyn Serwaa Broni on Easter Sunday the 17th of April, 2022. These allegations, if proven to be true, raise grave charges of abuse of office, human right violations and conduct which bring the high office of President of Ghana into disrepute. The NDC Caucus has consequently requested and obtained a copy of the full interview in issue for further study, transcription and legal analysis. The caucus will very soon convey to Ghanaians the actions to be taken on the basis of the outcome of the ongoing legal analysis of the matter. The caucus remains committed to holding public officers accountable to the high standards set by our constitution. Signed Haruna Iddrisu Minority Leader Parliament of Ghana Apexnewsgh.com/Ghana Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093
President Akufo-Addo linked Ukraine-Russia war for the worsening economic situation in Ghana
President Akufo-Addo has blamed the Ukraine-Russian war for the worsening economic situation in Ghana.Apexnewsgh.com report Ghanaians in recent times have cried tremendously following the continuous increase in fuel prices and prices of goods and services across the country. Causing the majority of Ghanaians to blame the governing NPP Akufo-Addo-Bawumia government for the current difficult situation facing the country. Meanwhile, the President when delivering his sixth State of the Nation Address to Parliament on Wednesday said, Ghana’s economy was on a journey to recovery after the COVID-19 pandemic until the invasion of Ukraine by Russia compounded the economic crisis. “The economic devastation of COVID has, since the beginning of this year, been further aggravated by the Russian invasion of Ukraine, which has worsened the economic outlook of the entire world. We, in Ghana, have not escaped this development, and the consequences are being felt in rising living costs at our markets and at fuel stations”. “The terrible events in Ukraine have a direct impact on our lives here in Ghana. Mr. Speaker, thirty percent (30%) of our wheat flour and fertilizer imports come from Russia. Sixty percent (60%) of iron rods and other metal sheets are imported from Ukraine, and almost twenty percent (20%) of Ghana’s manganese is shipped to Ukraine”. He said “The bombs might be dropping on cities half a world away but they are hitting our pockets here in Ghana. Even so, we have managed to ensure that fuel supplies have not been disrupted, unlike in several other parts of the world. “The measures that have been announced by the Minister for Finance are meant to demonstrate that we are aware that we are in difficult times, and we are addressing the situation. The belt-tightening measures being set for members of the Executive have been elaborated within this context. “This government remains alive to its responsibilities to the Ghanaian people. The difficulties of the time notwithstanding, we intend to continue to grow this economy and bring prosperity. That will only happen when we continue to invest in the future. He stressed Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your adverts and credible news publications. Contact: 05555568093
Ghana has committed $25 million to develop domestic vaccine production capability—Pres. Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has said, Ghana as a country has committed twenty-five million dollars ($25 million) to develop our domestic vaccine production capability. “We have committed twenty-five million dollars ($25 million) to develop our domestic vaccine production capability, and facilitate the capacity of domestic pharmaceutical companies to fill, finish and package mRNA COVID-19, malaria, tuberculosis and other vaccines, as a first step towards vaccine production Below are President’s statement I first came to your homes on Wednesday, 11th March 2020, five (5) days after our nation’s 63rd Independence Day celebration, a day before we recorded our first two (2) cases, with news of the measures Government was taking to limit the importation of the COVID-19 virus into the country. Even at that time, it was obvious to me, watching what was happening in Asia, Europe and Latin America, that, if it was not well-managed, it would disrupt our lives and livelihoods. 2. Since then, we have experienced four (4) waves of the outbreak. One hundred and sixty-thousand, nine hundred and thirty-two (160,932) people have tested positive from the 2.4 million tests conducted, and one thousand, four hundred and forty-five (1,445) people have, sadly, died. 3. Our comprehensive strategy has entailed living with restrictions that altered our daily routine; we have been restrained from shaking hands and hugging one another; we have had to keep a distance from each other; we have had to put up with the discomfort of wearing face masks every time we left our homes; we have had to endure distress caused by the poking of our nostrils and throats with swab-sticks, each time we underwent a PCR or antigen test; we had to endure, for three weeks, the painful lockdown in the Greater Accra Metropolitan Area and Kasoa and the Greater Kumasi Metropolitan Area and contiguous districts; and we have all borne the brunt of the ravages of the pandemic. 4. As your President, I saw it as my duty to provide you with regular updates on the situation, the measures government is taking, and to seek your support and co-operation. That is why I have been a constant feature on your screens these past two years, in the addresses that have now become popularly referred to as “Fellow Ghanaians”, and I thank you for welcoming me so warmly into your homes. 5. You have listened to me, you have co-operated with Government and with the health experts, you have adhered to the enhanced hygiene and mask wearing protocols, and a considerable number of you have taken the vaccine. 6. I thank you for the opportunity you have given me to be your President in these difficult times. I do not take it lightly. The relative successes we have chalked in winning the fight against COVID-19 have been collective ones, which reinforce my belief that, if we are united, there is no obstacle or hurdle too high to surmount in our quest to build a progressive and prosperous Ghana. 7. Fellow Ghanaians, undoubtedly, like in every country in the world, the effects of the pandemic have been devastating for us, in Ghana. We have felt the brunt of COVID-19, with every aspect of national life affected. 8. I did say at the height of the pandemic that “we know what to do to bring the economy back to life; but what we do not know is how to bring people back to life”. We, thus, had to take drastic steps to protect lives and livelihoods by suspending, for the years 2020 and 2021, our pursuit of fiscal responsibility, which had made the Ghanaian economy the poster boy of rapid economic growth in the world in 2017, 2018, and 2019. 9. You would recall that, in response to the pandemic, I mandated the creation of the Coronavirus Alleviation Programme to support households and micro, small, and medium-size businesses (MSMEs). Its intent was to help minimise job losses, and stimulate economic revitalisation, by mobilising private and public sector finances to expand industrial output for domestic consumption and exports. 10. To this end, I instituted a GH¢1.1 billion health response package, which was used to procure supplies and equipment, and a relief package for health workers, which included tax waivers, allowances, transportation and COVID-insurance. Government also found the money to recruit, on a permanent basis, twenty-four thousand, two hundred and eighty-five (24,285) more health professionals. 11. GH¢1.6 billion was made available to support vulnerable households across the country, which went into food packages and hot meals, and the provision of free water for all, free electricity for lifeline consumers, and 50% rebate for all others. Some seven hundred and fifty million cedis (GH¢750 million) in soft loans and grants were also disbursed to micro, small and medium sized businesses to help maintain their economic activity. The Government Statistician tells us that this expenditure has achieved its purpose. 12. At the height of the pandemic, despite strong opposition in some quarters and the legitimate concern of some parents, we stood firm and were successful in ensuring that the education of our children was not truncated. 13. We spent some GH¢1.9 billion providing PPEs and hot meals for students, teaching and non-teaching staff, hand washing facilities, training of teachers on COVID, development of content for online classes, and disinfection and fumigation of schools. This made it possible for students to return in conditions of safety, sit for their respective examinations, and achieve successful results. Indeed, the spectacular results of the first and second batches of the Free SHS graduates, whom I proudly call the Akufo-Addo graduates, are testament to this. 14. I want to state, without any equivocation, that should our nation, God forbid, be confronted by such a pandemic again, and I, Nana Addo Dankwa Akufo-Addo, am, by the grace of God, your President, I will not shy away from taking such essential steps to protect you and your businesses again. 15. Whilst we count the costs, COVID-19 also inspired our domestic manufacturing capabilities, and deepened our









