POLITICS

2023 Budget may delay as IMF talks stall statement – Majority Leader

Ghana’s Budget Statement and the Economic Policy for 2023 may not be read on November 15, as scheduled. Majority Leader Osei Kyei-Mensah-Bonsu has revealed that the current negotiation with the International Monetary Fund (IMF) may delay the presentation. The Public Financial Management Act mandates that the budget is presented next two weeks. However, as negotiations between the Finance Minister and ...

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Economic crisis: Ghanaians not being patriotic – Allotey Jacobs

An expelled member of the National Democratic Congress (NDC), Bernard Allotey Jacobs, has taken on Ghanaians putting pressure on the Akufo-Addo government over the current economic hardship in the country. According to him, those attacking the government are not being patriotic in these trying times. Government is currently under fire from Ghanaians following general hardships, consistent rise in prices of ...

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GNPC on the brink of bankruptcy – Kwabena Donkor

Pru East Member of Parliament, Dr Kwabena Donkor has said the Ghana National Petroleum Corporation (GNPC) risks going bankrupt. He attributed this to the decision by the management of the GNPC to engage in activities outside of its mandate. Dr Donkor said this while supporting a motion to adopt he report of the Committee on Employment, Social Welfare and State ...

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Special Prosecutor must investigate wealthy businessman who attempted to influence MPS – Franklyn Cudjoe

The President of IMANI Africa, Franklyn Cudjoe has called on the Special Prosecutor to investigate the alleged incident involving a wealthy businessman who attempted to influence the legislators who called for the Finance Minister’s dismissal. According to him, the action of the said businessman flies in the face of the laws of the country. Thus, the issue must be investigated ...

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COPEC warns of fuel shortages ahead of Christmas

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has warned that should the prevailing conditions in the petroleum sector fester, there will be a shortage of petroleum products in the country ahead of the Christmas festivities. “If you look at the economic activities that occasion the last quarter of the year, we are not looking at ...

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Fighters to join Kpebu’s ‘Ku me preko reloaded’ demonstration

Members of the Economic Fighters League say they will fully participate in the planned demonstration to be organized by private legal practitioner, Martin Kpebu. They accused the government of engaging in thievery. Martin Kpebu wants the president to resign over the economic challenges hence the planned demonstration. In a post on Facebook, Mr. Kpebu announced; “Ku me preko demo for ...

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Removal of subsidy on residual fuel is meaningless – Minority

The removal of subsidy on residual fuel by the National Petroleum Authority (NPA) is meaningless, Yapei Kusawgu Member of Parliament John Jinapor has said. In his view, this does not affect petroleum prices in any way. The NPA announced to the general public, particularly stakeholders in the oil marketing sector, that the subsidy on residual fuel oil (RFO) has been ...

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I can see poverty coming – Dalex Finance CEO kneels to beg Akufo-Addo to ameliorate situation

The Chief Executive Officer of Dalex Finance has begged President Akufo-Addo to urgently take the decisive measures required to address the current economic crisis the country is facing. According to Ken Thompson, there is a looming poverty characterised by business closures with job losses should the President fail to act. In an interview with Citi TV on Tuesday, November 1, ...

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