Independent Presidential Aspirant and Labor Union Denounce Government’s Imposition of VAT on Electricity Consumers Independent Candidate - Alan Kwadwo Kyerematen
Opinion

Independent Presidential Aspirant and Labor Union Denounce Government’s Imposition of VAT on Electricity Consumers

In a strong critique of the government’s recent decision, independent presidential aspirant and former Trade and Industry Minister, Alan Kwadwo Kyerematen, expressed his concerns over the imposition of a new Value Added Tax (VAT) on electricity consumers beyond the lifeline threshold. Kyerematen, the founder of the Movement For Change, took to social media to denounce the move, stating that burdening citizens with new taxes during existing economic challenges is untimely and unjustifiable. Amid the prevailing economic hardships faced by Ghanaians, Kyerematen stressed that every government policy, plan, or decision should focus on reducing the cost of living, doing business, stabilizing the exchange rate, and creating sustainable jobs for the youth. According to him, the imposition of VAT on electricity would fail to achieve any of these objectives and instead worsen the hardships experienced by ordinary Ghanaians. He pointed to his Great Transformational Plan (GTP) as a reliable roadmap to guide the nation towards achieving these objectives and more. The announcement of the VAT on electricity has triggered widespread condemnation from various groups and individuals, including the Trades Union Congress (TUC). Dr. Yaw Baah, the General Secretary of TUC, issued an ultimatum to the government, demanding the immediate withdrawal of the tax and emphasizing its detrimental impact on the livelihoods of ordinary Ghanaians, especially pensioners and low-income earners. During a press conference, Dr. Baah stressed that the impoverished population cannot afford the additional tax burden. He called on the government to retract the implementation of the proposed tax before January 31, 2024. Dr. Baah warned of organized labor’s readiness to take further action if the Finance Minister fails to instruct relevant agencies to withdraw the tax directive. Former President John Dramani Mahama also expressed his agreement with the criticisms. The government argues that the 15 percent VAT on electricity consumption is part of its COVID-19 recovery program, aimed at generating additional revenue. However, critics argue that such measures unfairly burden the most vulnerable segments of society. Source: Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 0256336062

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Breaking News: Alan finally withdraws from Nov 4th contest, as he issued mind blowing reasons
Opinion

Breaking News: Alan finally withdraws from Nov 4th contest, as he issued mind blowing reasons

Alan Kwadwo Kyerematen, who was vying for the flagbearer position in the New Patriotic Party, recently announced his withdrawal from the race. Apexnewsgh.com report The official statement, dated September 5, 2023, outlined his reasons for stepping back. One of the factors he highlighted was a perceived bias during the special delegates conference, which aimed to reduce the number of candidates from 10 to five. Source: Apexnewsgh.com/Ghana For publication please kindly contact us on 0256336062 or Email apexnewsgh@gmail.com  

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NPP can only break-the-eight if it garners 2m votes from Ashanti Region – Alan Alan Kyerematen and Paramount Chief of Ejisu in the Ashanti Region during his tour in the region
Opinion

NPP can only break-the-eight if it garners 2m votes from Ashanti Region – Alan

Mr Alan Kwadwo Kyerematen, a presidential hopeful representing the governing New Patriotic Party (NPP), has expressed his belief that the party’s “break-the-eight” aspiration can be achieved by amassing approximately two million votes from the Ashanti Region. He emphasised that the realisation of this goal hinges on securing a substantial vote count from the Ashanti Region during the December 2024 general elections. Kyerematen outlined that the pivotal step towards this aim rests on the delegates’ decision during the upcoming super conference. He encouraged them to narrow down the field of presidential aspirants to five contenders for the November presidential primary. He underlined the importance of heeding the grassroots’ call for his leadership and urged the delegates to endorse his candidacy. During his visit to the Ashanti Region, Kyerematen interacted with party delegates as part of his tour. He acknowledged the competence of all aspirants in the race while highlighting the grassroots’ overwhelming support for his candidacy. Mr Kyerematen confidently asserted that, if elected, he is uniquely positioned to secure the coveted two million votes required for a successful 2024 general election campaign. He fervently called upon the party delegates participating in the super conference to unite in electing him, as this would substantially contribute to realizing the set electoral target. In a show of support, Nana Afrani Okesse, the Paramount Chief of Ejisu in the Ashanti Region, urged Mr Kyerematen to stand unwavering in his determination to lead the party. Nana Afrani Okesse encouraged him to remain focused, emphasizing a belief that Kyerematen’s leadership has been appointed by a higher power. He said the narrative underscores Kyerematen’s vision for achieving the “break-the-eight” objective, illustrating his campaign efforts in the Ashanti Region and highlighting the significant backing he enjoys from grassroots supporters and influential figures within the party. Source: Classfmonline

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NPP: Unlucky Alan boy suspended for defying Chairman’s directive
Politics

NPP: Unlucky Alan boy suspended for defying Chairman’s directive

The suspension letter says: My attention has been drawn to your participation in a program on Radio Tamale( a Tamale based radio station) designed for the sole purpose of advancing the campaign of a purported flag bearer aspirant. This program and your participation in same is in clear violation of a directive issued by the Northern Regional Chairman of the NPP for party people to cease, among others all media engagement purporting to campaign for flag bearer hopefuls. Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093

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Minority’s missing GHS207m 1D1F cash claim ‘misleading, inaccurate’ – MoTI
Opinion

Minority’s missing GHS207m 1D1F cash claim ‘misleading, inaccurate’ – MoTI

The Ministry of Trade and Industry (MoTI) has dismissed claims that some GHS207million of GHS508 million earmarked for de-risking One District-One Factory loans cannot be accounted for. The Minority made the allegation claiming that the Ministry of Trade and Industry, which is in charge of the programme, said GHS2.69 billion in loans has been given to the 1D1F programme. Ellembelle MP Emmanuel Armah-Kofi Buah told journalists that “we are asking the ministry that we will need the names of the banks and the names of each of the companies as well as the amount each and every company has taken”. “Initially, the ministry said it will take some time for them to get these documents”. “They dragged it and finally they brought us the list of the banks with the names of the companies and the amounts”. “We insisted that without that we will not approve their budget,” he explained. He added: “We finally got that report this morning. Unfortunately, the ministry was unable to account out of the GHS269 million loans given to the banks”. “The ministry was only able to account for GHS62,281,484.29 million; what it means is that a total amount of GHS207,407, 899 has not been accounted for. In other words, that amount, as far as we are concerned, is missing”. “It is important that the press and the people of Ghana take interest in this matter, and the minister at the helm of affairs, the Hon. Alan Kyerematen, must come clean to the people of Ghana to explain where the amount of GHS207,407, 899 to basically de-risk these loans to One District-One Factory is.” But responding to the claims, MoTI in a statement signed by the Chief Director Mr Patrick Yaw Nimo said the statement attributed to the Ranking Member is not only “misleading but totally inaccurate.” He explained that the Ministry, upon request by the Ranking Member submitted full information on the application, the full amount of GHS269 million allocated for interest subsidy payments for loan facilities granted by selected participating Financial Institutions (PFIs) to de-risk loans and advanced to 1D1F companies. The statement said PFIs have received a total of GHS269, 689, 383.76 as interest subsidies in support of 1D1F companies between 2017 and 2021. —classfm Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093

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Ghc207,407,899.46 missing at Ministry of Trade & Industry as interest subsidy on 1D1F loans
Politics

Ghc207,407,899.46 missing at Ministry of Trade & Industry as interest subsidy on 1D1F loans

Worrying revelation coming from the Minority in Parliament shows a whooping amount is missing at the Ministry of Trade and Industry as interest subsidy on 1D1F loans. According to the Minority, Ministry of Trade and Industry, Page 11, of the Medium Term Expenditure Framework (MTEF) 2022-2025 for the Ministry of Trade & Industry states that in 2021, the number of Participating Financial Institutions (PFIs) increased from 13 to 15 and a total of GHS 2.69 billion have been granted by the PFIs as loans to finance the 1D1F projects/companies. Out of this, GHS269 million has been disbursed by the government as interest subsidy payment support to de-risk PFI’s loans to 1D1F companies. However, the minority is requesting from the Ministry of Trade to provide names of the banks and the names of each of the companies as well as the amount each and every company has taken. Minority said, “The Minister for Trade and Industry, Hon. Alan Kyeremanten, on the onset of the 1D1F programme negotiated with selected financial institutions to grant loans to beneficiary 1D1F companies/factories”. The government agreed to absorb 10% of the 20% interest charge on loans to 1D1F companies as a subsidy. Page 11, of the Medium Term Expenditure Framework (MTEF) 2022-2025 for the Ministry of Trade & Industry states that in 2021, the number of Participating Financial Institutions (PFIs) increased from 13 to 15 and a total of GHS 2.69 billion have been granted by the PFIs as loans to finance the 1D1F projects/companies. Out of this, GHS269 million has been disbursed by the government as interest subsidy payment support to de-risk PFI’s loans to 1D1F companies. At the 2022 Budget Committee meeting with the Ministry, the Minister confirmed that GHS269 million had been disbursed as interest subsidy to beneficiary 1D1F companies. The Committee demanded details of the beneficiary companies. The Ministry submitted a list of beneficiary companies and subsidies disbursed totaling GHS 62,281,484.29 instead of GHS 269,689,383.75 exposing a shortfall of GHS 207,407,899.46. “The question then to ask Mr. Alan Kyeremanten is where is the whopping difference of GHS 207,407,899.46? They asked Apexnewsgh.com/Ghana/Ngamegbulam Chidozie Stephen Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your adverts and credible news publications. Contact: 05555568093

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Alan Kyerematen is workaholic, he has dreamed of becoming President for a long time — Akufo Addo tells Asantehene Alan Cash and President Akufo-Addo
Politics

Alan Kyerematen is workaholic, he has dreamed of becoming President for a long time — Akufo Addo tells Asantehene

President Nana Addo Dankwa Akufo-Addo appears to have announced contenders for the next leader of the ruling New Patriotic Party (NPP) as his tenure comes to an end in 2024. The Minister of Trade and Industries, Alan Kwadwo Kyerematen as well as the Minister of Agriculture, Dr Owusu Afriyie Akoto, have reportedly harboured ambitions to become the flagbearer of the ruling party. Both men are part of the President’s team touring the Ashanti Region. At the Manhyia Palace, the seat of the Asantehene, on Friday, October 1 at the start of the four-day tour, President Akufo-Addo made a huge announcement. “Nana let me introduce my team,” he started. “This is your grandson Dr Afriyie Akoto, my Agric Minister who wants to become the president.” Sitting next to the Agric Minister was Mr Kyerematen as introduced by the President. “Nana, this is Alan Kyeremanten, he has been vying for my seat for a very long time, a very workaholic minister,” he chuckled amidst loud noise from the crowd gathered at Manhyia. The NPP has barred party members from campaigning ahead of the presidential primaries in 2023. The party has issued a code of conduct to all aspiring members and warned of punitive measures if any campaign. The leading contenders include Vice President Dr Mahamudu Bawumia. President Akufo-Addo, who has led the party since 2008, continues his tour of the Ashanti Region on Saturday with a visit to Darko Farms and inspection of the Abuakwa-Tanoso Road. Please contact Apexnewsgh.com on email apexnewsgh@gmail.com for your credible news publications. Contact: 05555568093

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