Connect with us

Politics

The proposed new debt restructure is evil and ineffective. Sam George: “Akufo-Addo government is mortgaging the lives of Ghanaians.”

Published

on

Samuel Nartey George, a member of parliament for Ningo Prampram, has called the Akufo-Addo administration evil and inept.

His remark comes after Finance Minister Ken Ofori-Atta invited pensioners to participate in a new debt restructuring plan he was putting up.

On Monday, April 17, he remarked, “They have raped the public purse,” when discussing the Big Issue on TV3. People lost money during the financial clean-up and debt exchange, and now you’re going after pension funds while claiming that we shouldn’t talk.

He said, “This is a wicked, stupid, and incompetent government.”

However, Sylvester Tetteh, a member of parliament for Ngleshie-Amanfrom, claimed that the Finance Minister is not pressuring pensioners to participate in the new debt restructuring scheme.

He claims that only pensioners are being invited by the minister.

He explained that (the Finance Minister) was merely offering a suggestion and inviting others to participate.

“He is not putting a gun to the neck of the people,” he continued.

A new debt restructure has been proposed by Mr. Ofori-Atta.

He is requesting permission from the Board of Trustees of pension funds to include pension money in the new proposal.

According to him, the proposal was “crafted to facilitate the execution of the MoU, addressing the Financial Needs of the Government while maintaining the Value of the Pension Funds.”

Your present Treasury Bonds, ESLA Bonds, and Daakye Bond holdings would be exchanged for a selection of the currently outstanding New Bonds (issued in February 2023 and expiring in 2027 and 2028, respectively). With an average yield of 8.4% and a ratio of 1.15x for the New Bonds 2027 and 2028, there will be an increase in patrimonial value.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

Alan Kyerematen withdraws from NPP presidential race

Published

on

Alan Kyerematen, a former trade minister, has resigned from the New Patriotic Party’s (NPP) presidential contest.

On Tuesday, September 5, he released a statement announcing his resignation.

In the super delegates meeting that was held on August 26th, Mr. Kyerematen came in third.

When announcing his decision to withdraw from the November 4 general election, he said, “The level of intimidation of varying intensity, unleashed on a significant number of Delegates at various Voting Centers across the sixteen regions, is unprecedented in the history of our Party.

Additionally, the fact that my polling agent in the North East region suffered severe eye damage as a result of his brave and daring attempt to ensure adherence to the election’s rules and regulations as approved by the Presidential Elections Committee will always be remembered as a dark chapter in the Party’s history of internal elections.

“This incident and many violent and conspiratorial behaviors reported in other Voting Centers are abhorrent, despicable, and inhumane. I will always fight for the interests of those who work for me and with me because I care about their safety.

Continue Reading

Politics

Delegates and NPP Chair Asene Manso Akroso support Ken Ohene Agyapong

Published

on

Assin Central Member of Parliament Ken Ohene Agyapong has received the backing of the Asene Manso Akroso (AMA) Constituency Chairman of the New Patriotic Party (NPP), Mr. Sampson Kwadwo Effah, and all of the constituency’s delegates to become the NPP’s flagbearer.

He declared, “I am for Ken, we are for Ken,” when Mr. Ohene Agyapong visited the area as part of his campaign.

He said, “Delegates at Akroso, Asene Manso that I lead, we are here to support you, we were waiting for you to come.”

Ahead of the general elections in 2024, Mr. Agyapong is running for election as the NPP’s flagbearer.

He thinks he is in a position to assist the NPP in ending the eight-year electoral cycle.

He highlighted his experience as a businessman who has founded multiple companies in the nation as one of the reasons why people should vote for him because of his capacity to generate employment.

Continue Reading

Politics

Dr. Appiahene, UENR Lecturer, being appointed to Electoral Commission: His only crime was praising free SHS-MP Claims

Published

on

Dr. Peter Appiahene, who was appointed to the Electoral Commission (EC), is not a member of the New Patriotic Party, according to Alexander Awaksi Acquah, a member of parliament for Akim Odaa. (NPP).

Despite being on record as having applauded government initiatives like the free senior high school, he claimed that Dr. Appiahene is not a party person.

Speaking on Saturday, April 8’s Key Points on TV3, the MP stated, “He was complimenting the free SHS. You are not automatically a party member just because you voice your political viewpoint. When did supporting a certain government initiative make you a politician or government official?

He is not a party or official communicator that I am aware of. He is not a party person if he publicly supports a government policy.

His remarks come at a time when prominent NDC members are charging President Nana Addo Dankwa Akufo-Addo with selecting NPP activists for sensitive posts like the EC.

Kofi Adams, the member of parliament for Buem, for instance, said on Ghana Tonight on TV3 on March 21 that Dr. Peter Appiahene, one of the recently appointed members of the EC, was a well-known NPP activist and a member of the party’s Bono Region media team.

“It is obvious that everything is wrong with the people the president has chosen. He stated, “The President has appointed well-known NPP activists.

“President Akufo-Addo has been selecting individuals who are well-known NPP campaigners; examples include Bossman Asare and Jean Mensa.

In the Bono Region, Dr. Peter Appiahene is a well-known NPP activist and a part of the NPP media team, the speaker said.

On Monday, March 20, Mr. Akufo-Addo swore in three new EC members.

Dr. Peter Appiahene, Madam Salima Ahmed Tijani, and Reverend Akua Ofori Boateng, the three new members, were sworn in during a brief ceremony at Jubilee House.

Continue Reading

Trending