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Curent inflation figures of Ghana and it neighbouring countries.
Ghana — 25%
Mali — 2%
Burkina Faso — 2.5%
Benin — 0%
Togo — 2.7%
Senegal — 3.3%
Ivory Coast — 3.8%
Source: IMF
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Switzerland says it imported $7 billion worth of gold from Ghana but records shows that Ghana exported just over $3 billion to that country.
Where did the US$4 billion go?
Dr. Kwame Sarpong Asiedu queries
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“People ask me how I am able to reduce fuel prices in the midst of increment on int'l market. My response is that leaders shld make interventions including cut in govt expenditure. It requires sacrifice but you must be a leader of independent choices.”
—Paul Kagame, Rwanda Prez
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European Union to pass new legislation to ban Ghana's cocoa from been exported to Europe in the wake of the growing galamsey menace.
Cocoa is Ghana's third export commodity worth $1.23bn and Cocoa Paste been fourth at $441m. Should this be, Ghana's economy suffer greatly.
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Fact:
As Communications Minister, John Mahama led the digitalization and liberalization of the media downstream. This drive broke the monopoly of GBC in 1999.
Mahama’s liberalization drive brought about the Multimedia, Media General, among others.
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8 SCANDALS EXPOSED BY S.0 ABLAKWA
1. Oslo Chancery Scandal
2. $48m Ascend Scandal
3. $58m National Cathedral Scandal
4. Gh¢187m Kitchen Scandal
5. $85m Heaven Scandal
6. $250m Bank of Ghana new HQ
7. Aisha Huang Scandal
8. Bulgarian Embassy & Nigeria HC Demolishing Scandal
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“We (ECOWAS) cannot condemn military coups when we do not condemn those who carry out institutional coups (in the sub-region). ECOWAS should work for the interest of our peoples.”
— H.E George Manneh Weah, President of Liberia
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COCOBOD issued a $45 million contract to Bernard Antwi-Boasiako (Chairman Wontumi) prior to the 2020 elections. He’s never executed nor completed the road construction.
Tsatsu Tsikata was jailed on grounds of alleged Gh¢230,000 financial loss to the State.
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“I have searched for two years but cannot find the institution where the Education Minister, Yaw Osei Adutwum acquired his doctorate degree. Where did he get it from?”
— Dr. Richard Amoako Baah, Lecturer, KNUST
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Gabby Otchere-Darko renegotiated with the Ameri Energy Group on the blind side of the Committee in-charge, chose a company to operate the plant and extended the contract by 20 years. I was a mere pun and a scape-goat. — Boakye Agyarko, former Energy Minister bitterly reveals.
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Bank of Ghana did not print Gh¢44.5 billion to support government budget. That's not true, they printed about Gh¢80 billion.
— Isaac Adongo, MP
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Before Mahama left office in 2016, Kumasi Military Hospital was 70% complete. 5 years & counting, the hospital is still not in use.
As Accra have nearly 4 teaching hospitals, Kumasi has one; yet serves as referral point for 5 other regions.
Complete Afari Military Hospital now!
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The Okyehene, Osagyefo Amoatia Ofori Panin has reportedly sold a royal cemetery to an investor for the construction of a fuel station.
The Suhum Police on April 20, 2023 stormed Amanase Chief’s Palace to retrieve skeletons of exhumed human bodies including late chiefs & royals.
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The NPP usually prints new higher Cedi notes whenever in gov’t.
In 2002, Kufuor printed the ¢10,000 & ¢20,000 notes refered to as “Kufuor dollars.” He knocked 4 zeros off in 2007.
In 2019, Akufo-Addo printed the Gh¢100 & Gh¢200 notes. The Cedi’s problem has always been the NPP.
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Aker Energy Ghana Ltd reveals paying over $125k to Excomsult, traced to a journalist Evans Mensah, in a $1.6bn GNPC contract to mainly kill negative comments in the media.
Payment details were captured in an Aker report to the Petroleum Commission recently.
Credit: Herald
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BREAKING!!
Mohammed Amin Adam is the new Finance Minister. He’s been deputy to Ken Ofori-Atta and close ally to his predecessor.
Mr. Adam sits on the board of the Bank of Ghana. He, together with others, supervised the Gh¢60 billion lost of the Central Bank.
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Ghana begun borrowing from the Eurobond market in 2007. Before Kufuor left office, he had borrowed $750m from the market.
The Mills/Mahama's 8-year regimes borrowed a total $3.5bn from the market.
Five years under Akufo Addo/Bawumia has oversaw a whooping $13.5bn been borrowed.
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I would continue to talk till Ghanaians start benefiting from our vast resources. We explore gold at Adansi, Tarkwa, Prestea, Okyehene's town and now at the Northern part but we get only 7% and the remaining 93% is taken away.
— Osagyefo Oseadeayo Agyemang Badu II, Dormaahene
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I have an agreement with the Ghana govt, whenever I subcontract ($80m) a contract of $100m, they take $15m and I keep the $5m.
— Alistair Mathias, a gold smuggler
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It’s untrue that NPP govt met empty coffers in 2017. We left 270m in Ghana Infrastructure Investment Fund (GIIF), $250m in Stabilization Fund, $250m in Sinking Fund, etc. About $1bn was given them. Their reason for appointing 130 ministers.
—Seth Terkper, Former Finance Minister
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John Mahama did not buy any house for Tracey Boakye contrary to what I said. It was just a joke.
— Kennedy Agyapong backtracks after govt goes hard on his company tax returns
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This is ¢20,000! Prior to the redenomination in 2007, this money could buy a tuber of yaw for ¢12,000, 3 balls of kenkey 3,000, tomato, pepper, onion, etc for 5,000.
Today, ¢20,000 which equivalent to Gh¢2.00 cannot even buy tomatoes. The value was never the same!!
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Kufuor's Govt phased off 4 precious 0000 of then cedi to dodge a similar crisis today; sold Ghana Telecoms (Vodafone) to be abled to pay wages & salaries.
By Jan.2009, the new cedi has almost depreciated from July 2007 by 50% from 0.9–1.3, yet they sung "the value is the same."
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Speaker of Parliament, Alban Bagbin has withdrawn his membership from the Ghana Bar Association (GBA).
He said the GBA has become an association of elites which do not recognize others lawyers that attend its public tribunal and thus his interest in the GBA has diminished.
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Kumasi Central Market (Kejetia Market) is an open-air market in Kumasi and is the largest single market in West Africa.
It was awarded to Contracta Engenharia by the Mahama Government in 2015 & was valued at a cost of $260 million.
The ultra-modern market included 8,420 stores,
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Education is the backbone of every economy. Rawlings built University for Development Studies (UDS), Prof. Mills built UHAS & UNER and Mahama built UESD.
To your surprise, Akufo Addo has been renaming them after their Npp stalwarts. NDC & NPP cannot be the same, not even twins!
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Col. Kwadwo Damoah wins Jaman South Parliamentary Candidacy of the NPP.
5 days ago, the High Court prohibited the OSP from further investigations & quashed their adverse findings for not been a Court.
It’s alleged Col. Damoah gave tax exemptions to Labianca Company as GRA boss.
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Victoria Hammah, then dep. Comms. Minister was sacked by John Mahama in 2013 for allegedly saying she would stay active in politics till she makes $1 million.
Cecilia Dapaah had over Gh¢16m kept under her bed for househelps to steal. She is still at post as Sanitation Minister.
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John Dumelo begins construction of food processing factory in the Guan District of the Oti Region.
The factory will be completed in 14 months with the capacity to produce 1,500 tons of ginger and other products per year, he said.
The factory will create some 750 direct and..
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John Mahama introduced the Energy Sector Levy (ESLA) in 2015 to generate revenue for payment of all energy related legacy debts totalling Gh14bn by end of 2020.
ESLA has accumulated over Gh¢30bn in 6 years but has sadly been collateralized and extended till 2035 by Akufo-Addo.
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The Niger military junta has KICKED OUT the ambassadors of France, Germany, United States and Nigeria.
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SHOCKING EXPENDITURES
Free SHS t-shirts — Gh¢38 million
Agenda 111 logo — Gh¢36 million
Past questions for free SHS students — Gh¢34 million
National Cathedral Design — Gh¢32 million
Nose masks, paper tissues & hand sanitizers — $100 million
Yet no textbooks basic schools!
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Ghana started borrowing from the Eurobond market in 2007 under Kufuor. From Kufuor to Mahama in 2016, Ghana borrowed only $4bn from the bond market.
In five years (2017-2021) under Akufo-Addo, Ghana borrowed a staggering $11bn from the bond market with no intent of payment.
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John Mahama was restless when dumsor struck. He worked hastily to bring onboard the power barges (Ameri and Karpower) to fix the erratic power supply.
— Osei Kyei Mensah Bonsu, MP; Majority Leader boldly admits.
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The people behind galamsey activities in my area are the Western Reg. Min, Kwabena O. Darko-Mensah, Dep. Lands Min, George Mireku Duker & Tarkwa-Nsuaem MCE, Benjamin Kessie. I dare them to sue me if they think I'm denigrating them.
—Nana Nyonwah Panyin IV, Chief of Dompim-Pepesa
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Any ailing economy survives on its buffers. In Ghana, Rawlings left GETFund, Prof. Atta Mills left Heritage and Stabilization Funds and Mahama left Sinking Fund, GIIF, ESLA & PS&RL.
Akufo Addo has dissipated most of the funds and the worst of it, collateralized alot in 6 years.
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DEMOCRACY IN GHANA TODAY
The Gh¢3.6 million bus branding saga in 2015 made John Mahama so unpopular in government.
Astoundingly, the whole country is so mute on Gh¢32 million cost of a National Cathedral design.
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Things are right whenever IMF is in town. All the successes chalked by the Akufo Addo govt in its 1st term was due to Mahama's IMF program (2015-2019)
Mills govt enjoyed single inflation when it was under an IMF program (2009-2012), it brings discipline
—Dr. Mark Assibey Yeboah
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The Chief of Staff, Akosua Frema Osei Opare has been working on the bills of former President John Agyekum Kufuor but for former President John Mahama, he has been paying his own electricity bills.
— Samuel Dubik Mahama, MD of ECG exonerates John Mahama.
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On 7th January, 2017, John Mahama bequeathed to Nana Akufo-Addo the Jubilee Oil Field, TEN Oil Field, Sankofa-Gye Nyame Oil Field, Heritage Fund, Stabilization Fund, Sinking Fund, EXIM Bank, Ghana Infrastructural Investment Fund, ESLA, PSRL, etc.
Ask what is their state now!!
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Ghana is witnessing hyper inflation largely because your govt ordered the Bank of Ghana to print Gh¢50 billion in 2022 and Gh¢4 billion in first quarter of 2023 to finance your (govt) public expenditure.
— Dr. Cassiel Ato Forson, Minority Leader tells Akufo-Addo in the face.
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The Burj Khalifa is 2,716.5 feet tall (828m), soars over Dubai. Its triple the height of Eifel Tower and almost twice as tall as the Empire State Building yet its design cost only $1.8m (Gh¢14m)
Why the huge sum of money for Cathedral Design?
Adib Saani, Security Analyst queries
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“I want to remind colleagues in the continent that to depend on IMF for solutions is deadly; they can't allow you to implement cushioning policies because the people who run those Western institutions are same people who own the oil companies.”
— Paul Kagame, Rwanda President
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The luckiest govt in the history of Ghana in 50yrs is the Akufo-Addo/Bawumia gov’t.
Inherited 3 oil fields, 5 economic buffers, stable electricity, an economy projected to grow at 7% in 2017, etc.
Fastly appointed 130 ministers & created unneeded offices to dissipate the funds.
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The Pokuase Interchange was built by the Mahama government. Between May 2015 to Sept. 2016 — Project Concept Approval, Country Team, Negotiations and Project Approval by African Development Bank — were carried out.
In October 2016, $83 million loan agreement was signed to fund
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"Akufo-Addo should come and point out all the developmental projects he has brought to the Ashanti Region and let Mahama also do same. Call the NPP & NDC to do that. Ashantis are not blind as they think. What has the NPP done?"
— Nana Mensa Bonsu, Otumfuo Ahenenananom Hene
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Government allocates ¢600 monthly payments to Zoomlion sweepers yet the company pays the poor worker a paltry ¢180 ($24) monthly.
Where does the remaining 70% go to and what is it use for?
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I have received no ex-gratia from the Akufo-Addo government. I pay my everything — air tickets, domestic staff, hospital bills, office rent — even though I'm entitled to them but I'm not bothered. They're doing for President Kufuor but not me.
— John Mahama, former President
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Bawumia's image appears as the biggest liar in Africa on google search because many Ghanaians (Africans) might have used the word of tern with his name and images. It isn't google that identifies him as such but his people.
— Google CEO, Sundar Pichai explains
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“Govt paid Carl Summers $6m for incorporation of National Cathedral & Bible Museum, Inc. in USA as a consultant. The address given leads to a warehouse partly use as wholesale coffee shop.”
— 'Detective' S.O Ablakwa, North Tongu MP
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The relocation of the Ameri Power Plant from Takoradi to Kumasi is estimated to cost some $34 million (Gh¢255 million).
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I have not rejected any seat offered by the new Minority Caucus leadership but cannot take over my senior Collins Dauda's seat. I'm ready for any other seat.
— Haruna Iddrisu, MP
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“Ghanaians will soon buy cars on credit by using the Ghana Card.”
— Mahamudu Bawumia drops another dangerous lie. 😳
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Akufo-Addo has awarded a dublicitous 10-year contract to a company called SML to seal revenue leakages at the Ghana Revenue Authority (GRA).
Annually, SML is paid $100 million for the utterly useless services at the GRA. They are siphoning instead of sealing.
Credit: 4th Estate
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Akufo-Addo is alleged to have sold Kwame Nkrumah's Aboso Glass Factory to her daughter's father in-law, Maxwell Kofi Jumah.
This was revealed by a United States-based Ghanaian, Dr. Solomon Owusu in a viral video after having discussion with some investors..
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A staffer at the Jubilee House, Hamida Nuhu, has been robbed of $114,500, £800, Gh¢50,000, & €3,000 from a trunk located inside the lawyer’s closet at her Premier Place home.
During robbery, an additional GH¢2,000, US$800 & various pieces of jewellery were taken at gunpoint.
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FUN FACT!!
Did you know the NPP instituted a search committee to UCC to comb for procurement breaches (2008-2012) against Prof. Naana Jane Opoku-Agyemang as Vice Chancellor in 2020 when John Mahama nominated her as his Running Mate for that year’s Presidential elections?
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A 4-year old letter by now Ghana Gas boss, Dr. Ben Asante exposes $2bn GNPC—Genser loot. Genser is owned by NPP financier, Nana Osae Nyampong.
As VRA & others were buying gas for $7.9/mmbtu in February, 2019, Genser was buying same for $2.79/mmbtu & $1.72/mmbtu since July 2021.
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Dumsor: Mahama went for a $914m IMF bailout for 3 years
Covid-19: IMF grants $2bn to Akufo Addo's govt in 2 years
How can this govt be either mortgaging, selling or leasing Ghana out to friends & cronies?
From Road fund — Getfund — ESLA & now Agyapa — E-levy & Achimota Forest
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FACTS!!
Rawlings built University for Dev't Studies (UDS) in 1992.
Prof. Mills built Universities of Health & Allied Sciences (UHAS) and Energy & Natural Resources (UENR) in 2012.
Mahama established University of Environment & Sustainable Dev't (UESD) in 2015.
Akufo-Addo = ?
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Kufuor leased the peripheral portions of 90 acres of the Achimota Forest Reserve to the Owoo family in Nov. 28, 2008 for 99yrs.
Mahama signed same in 2013 to effect the Nov. 2008 agreement.
The additional 272 acres, which Akufo Addo now signs was not part of the 2008 agreement.
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Farmers need incentives and tools to be efficiently working. Tools like boots, cutlasses, pumping machines, among others.
John Dumelo (
@johndumelo
) is distributing free farm tools to farmers in the Guan District, the orphan constituency in Ghana commonly known as SALL.
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SOME GOOD RAWLINGS POLICIES
District Assemblies for governance Decentralization
FCUBE Policy
UDS
GETFUND
VAT
NHIS piloting
Rural Electrification Program
Girl Child Edu. Campaign
Polio & Guinea Worm Eradication Campaign
Laws for Mobile Telephony
Kufuor comes no near to 'good'!
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Vodafone Plc agrees to sell its business shares in Vodafone Ghana to Telecel Group to focus on other important areas.
Government of Ghana sold 70% shares of Vodafone to the London-listed company for $900 million in 2008.
They plan to leave the shores of Ghana after 14 years.
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“Bawumia's 2.1m job creation figures do not add up. Ghana first conducted its labour force survey in 2015, estimated number of employed people was 9.3m. When GSS last checked on the market in 2022, there were 10.7m, the job growth of 1.4m in 7yrs.”
—Alfred Appiah, Data Scientist
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110MW T2 Power Plant, Aboadze
250MW Ameri Power Plant
225MW Karpower Barge
220MW Kpone Thermal Plant
180MW Sunon Asogli Phase II
38MW TTP Plant
2MW Solar Power Plant, Nanvrongo
110MW TEI Power Plant
186MW T4 Power Plant, Aboadze.
How didn’t Mahama solve dumsor by December 2016?
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In a leaked report of the NPP Presidential Aspirants vetting results, Dr. Mahamadu Bawumia placed 4th (78.3%). First on the list was Alan Kyerematen (96.5%) followed by Boakye Agyarko (82.6%) and Kennedy Agyapong (81.2%). The rest of the aspirants followed from 5th to 10th.
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Dr. Mahamudu Bawumia donates Gh¢100,000 for the construction of mortuary for the Kanda Mosque to the baffle of the gathered public.
In 2020, Bawumia derided John Mahama's manifesto policy to build mortuaries for Muslims at govt health facilities in accordance with their customs.
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Ken Ofori-Atta avoids calls from investors after $12 billion borrowed in Eurobonds draw closer to maturity.
Government programmes, including collateralization of e-levy proceeds has not proven to be an adequate surety to settle govt's huge debts.
Analysed by: Isaac Adongo, MP
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Prof. John Evans Atta-Mills established the Ghana Stabilization Fund (GSF) in 2011. Up to Dec.2020, there were US$1.39 billion accrued revenue in the GSF.
Presently, only $199,989,122.92 is left in the Fund. Over $1bn has been used to service debt by the Akufo-Addo government.
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Bawumia has been taking credit for projects he knows nothing of. As Chairman, l implemented the Paperless Port System he brags about whenever he mounts NPP podiums. He knows my handiworks, the Textile Tax Stamp was my brainchild.
— Carlos Ahenkorah strips Bawumia naked.
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Government coerced Bank of Ghana (BoG) to print Gh¢22 billion fresh cedi notes without Parliamentary approval to shore up funding of their programmes.
— Dr. Cassiel Ato Forson, MP
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Many of these bondholders belong to the middle class and that’s where the major worry is. The middle class will be wiped out with this Domestic Debt Exchange programme and will negatively affect the savings culture of Ghanaians if not reviewed.
— Osei Kyei Mensah Bonsu, MP
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John Kufuor first borrowed $750 million from the Eurobond market in 2007. The remaining amount due in 2017 was $250 million.
At end of Dec. 2016, John Mahama left $250m in the Sinking Fund to defray that loan.
Presently, Ghana is indebted of nearly $15 billion in Eurobonds.
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Akufo Addo returns to luxurious jet rental after passage of E-levy. He rents his ultra-luxury toy — LX-DIO which now rents $18,000 an hour.
The Ghanaian taxpayer must cough up $465,000 for the president's recent trips to US and UK
with the recent rate of Gh¢3,505,515.49
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Tema Oil Refinery (TOR) risks being sold for $22m to a private person when it can generate over $700 million within six years.
During Mahama's govt, TOR was in operation under Awuah-Darko, continued in 2017 under Isaac Osei only to be collapsed along the line after chop chop.
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Chief Justice Kwasi Anin Yeboah retires a month from today (May 24) from Ghana's Judiciary having attained the compulsory retirement age of 70.
What's your fondest memory of the outgoing Chief Justice?
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Under John Mahama, government used less than 50% of tax revenue to pay interest & amortization on Ghana's debt bequeathing a debt to GDP of 56% in January 2017 to Akufo-Addo. Currently, Ghana's debt to GDP is 104% needing 110% of tax revenue to service her debt. It's clear!!
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51 years ago ( Apr.27, 1972), Osagyefo Dr. Kwame Nkrumah passed on into eternity in a hospital in Bucharest.
Nkrumah established Tema Harbour, KNUST, Akosombo Dam, UCC, KIA, KATH, GIHOC, Tema Motorway, Tema Communities, several schools, factories, roads, hospitals, among others.
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Hysterically, the footballer (Weah of Liberia) is doing economically well than the economist (Bawumia of Ghana).
Liberia's minimum wage per day is $6 while Ghana's is $1.69; inflation in Liberia is 8% as Ghana does 27.6% & fuel per litre is $1.286 in Liberia as Ghana does $1.295
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Speaker Alban Bagbin rules against Privileges Committee's recommendation for Adwoa Safo's seat to be declared vacant.
He further says that, the committee's report is subjected to debate in the house, and not conclusive.
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In Nov. 2016, Parliament approved Commercial Contract agreement between Govt of Ghana & Queiroz Galvao Ltd for the upgrade of Tamale International Airpot (phase two) project.
The phase one, which started in Sept.2014 at a cost of $130m, was inaugurated in Aug.2016 with the first
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The University of Ghana Medical Center (UGMC) officially started operating in July 18, 2018. Five years after operationalization, the hospital have a total staff strength of 1,300; about 200 doctors & 600 nurses.
The UGMC is one of the several hospitals built by the Mahama govt.
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Bear with us because when the International Monetary Fund (IMF) deal fails in Quarter One of 2023, the consequences will be too heavy as the economy will collapse.
— Ken Ofori-Atta, Finance Minister tells Ghanaians
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The Minority in Parliament has initiated another Vote of Censure against Health Minister, Kwaku Agyemang Manu for securing Covid vaccine at $19 when it was $10.
Dr. James Klutse Avedzi, Ketu North MP; Muntaka Mubarak, Asawase MP and Ahmed Ibrahim, Banda MP filed the motion.
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End of 2024, NDC and NPP would have ruled Ghana equally under the 4th republic — 16yrs each in government.
In the last 8yrs of the NDC, they built three universities — UHAS at Ho, UENR at Sunyani and UESD at Somanya.
It's the NPP that has renamed most of Ghana's universities.
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The Upper West Regional Hospital was built by the Mahama government and was estimated to cost $61 million.
The 160-bed hospital comprises 31 buildings for medical, administrative services, 20-unit staff housing, emergency & casualty, inpatient & outpatient departments, imaging..
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In 2016, Akufo Addo promised to build Port for the people of Keta. He has since failed to honor this promise.
But the said Port has a CEO and working Staff with some even on retirement who are due payment of 3.5 months basic salary as bonuses.
Ghana's debt is about Gh¢522bn now
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"John Mahama handed over a stable country to Akufo-Addo. With all the power rationing (dumsor), the country was rising under Mahama when he handed over power."
— Majority Leader, Osei Kyei-Mensa-Bonsu tells NPP footsoldiers at Ken Agyapong's campaign tour in Suame.
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Did you know the investments made by the John Evans Atta Mills and John Dramani Mahama administrations (2009-2016) overshadow their debt of Gh¢112bn?
Shockingly within a year (2022), the Akufo-Addo govt borrowed some Gh¢112bn to equate what the two govts did in 8 years.
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AT THE UNVIERSITY OF HEALTH & ALLIED SCIENCES — GOVERNMENT OF GHANA (2013-2016)
John Mahama commissioned the new and permanent campus for UHAS at Sokode near Ho in the Volta Region on 19th Nov. 2015.
New Schools including a School of Pharmacy commenced in the 2015/2016 academic
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Ghana is not making significant strides against the galamsey menace. I think the galamseyers are not active in doing it but the powers behind them are the ones truly responsible for the evils. Why do you leave powers that be to arrest galamseyers?
—Virginia Palmer, US Amb; Ghana
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PICTURES!
1. Queen Elizabeth II first ever visit to Ghana in 1961.
2. Jerry John Rawlings received the Queen in Ghana on her second visit in 1999.
3. In 2007, John Agyekum Kufuor met the Queen in England.
4. John Mahama met the Queen in 2014 on official state visit to the UK.
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Ivory Coast is buying a 64kg of cocoa for ¢858 while Ghana buys same for ¢800 in the ongoing 2022/2023 season.
Inflation in Ivory Coast is 6.5% as juxtaposed with 33.9% in Ghana. Clearly, farmers in Ivory Coast are better off than Ghanaians from fertilizer cost to transportation
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Mahama created SADA to transform the North. He imported 5,000 tricycles, 800 motorbikes & 480 helmets from China and left them behind in 2016.
When Akufo-Addo changed SADA to NDA, 2,171 tricycles were sold and over 1,000 missen.
Bawumia’s sister was alleged to have stolen them.
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John Mahama engaged IMF for a 3-year bailout (2015-2018) for only $914 million which will be disbursed in tranches.
Nana Akufo Addo succeeded in reaping in $903 million from the World Bank in a single year (July 2021-June 2022).
This amount sent Ghana to the IMF the 16th time.
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Mills/Mahama set up the Stabilization Fund in 2011 with 1 oil field. A percentage of oil revenue was to be deposited periodically as a buffer in times of crisis.
Akufo-Addo took $200m from the fund for covid preparedness in 2020. Today, the buffer is depleted with 3 oil fields.
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In court today, the prosecutor of four persons standing trial for not declaring their assets divulged that, the Office of the Vice President, Dr. Mahamudu Bawumia, requested for use of seized 10,000 bags of rice for Ramadan.
Credit: Graphic
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