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Tuesday 07 May 2024

2021-03-16

[I] UK defends Oxford Covid vaccine over fears of blood clots
[N] COVID-19: Continue using AstraZeneca vaccine – WHO
[S] Preko: Expect a very competitive 2nd round
[S] Clubs owe coaches five months’ salary
[S] Legon Cities: Asamoah Gyan investment has yielded good returns
[B] Pursue demands through negotiation, arbitration – Telcos told
[A] Tension in Dixcove following beating of chief to pulp
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby
[A] Apam: Burial service for drowned teens to be held today
[N] Publisher, Badu Nkansah, apologises for ‘offensive Ewe’ textbooks
[N] Parliament’s Volta Caucus condemns ethnocentric publication in history book
[N] Ghanaians to pay tax for Covid-19 ‘free water’ enjoyed to fill economic gap

2021-03-15

[N] NaCCA orders withdrawal of unapproved textbooks
[B] Ghana prepares to issue $5 billion Eurobond
[N] Brain tumor patient appeals for GH¢ 30,000.00 for surgery
[N] AIMS Forum to mark International Mathematics Day
[N] Tema Sewer System: Ambitious project to address predicament
[N] A 21-year-old man stabbed to death at Effia
[N] Estate developers laud government’s decision to aid rent advance payments
[N] Let’s prioritize STEM; It’s the new niche for education policy – Ntim Fordjour
[N] 12 new deaths push toll 679; active cases now 3,994
[N] Over 400,000 Ghanaians vaccinated so far – Oppong Nkrumah
[N] Prof Allotey’s 9 Aug birthday must be made National Maths Day – Prince Armah
[N] Telecom workers to embark on strike from today
[N] NDC won the 2020 election hands down – Hannah Bissiw claims
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson
[N] Asiedu Nketia should be NDC running mate for NDC victory 2024 – Atubiga
[N] Rawlings kept over 20 wild dogs at his Ridge Residence alone – Hannah Bissiw

2021-03-14

[A] Kinaata’s Things Fall Apart can’t be called a gospel song
[S] Boxing legend ‘Marvellous’ Marvin Hagler dies aged 66
[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[S] What I’m seeing in training is massive–Mubarak Wakaso
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[N] NEWSPut ‘petty politics’ aside and support Akufo-Addo, Bawumia
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[S] Tribute: Henry Atta Ameyaw paid his dues to Hearts of Oak
[S] Why Wilfried Zaha has decided against taking the knee in Premier League games
[S] GFA fix new date for start of second round
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Business

[ 2014-07-22 ]

Recover GYEEDA, SUBAH funds to save economy- IEA counsels gov't
The Institute of Economic Affairs is predicting
that donor partners are not likely to support
Ghana's budget due to the financial indiscipline
in the country.

"Grants are likely to experience shortfalls, who
wants to give you his money to pay single spine or
subsidies," a senior Economist with the Institute
of Economic Affairs, Dr John Kwakye said at a
press conference, Tuesday

He said until steps are taken to recover funds
misappropriated through the implementation of the
Ghana Youth Employment and Entrepreneurial Agency
(GYEEDA), SUBAH and SADA, as well as dubious
settlement claims debts paid to people, the
economy will continue to be challenged and the
cedi will continue to depreciate.

Dr John Kwakye was addressing journalists on the
mid-year review policies announced by the Finance
Minister last week.

Finance Minister Seth Terkper appeared before
Parliament, Wednesday, seeking the blessing of the
House to spend over ¢3 billion in the
supplementary budget.

He also chronicled a number of challenges,
including continued depreciation of the cedi and
rising inflation as some of the issues he said had
dire consequences on the economy.

The IEA beliefs most of the challenges would
continue to prevail if stringent steps are not
taken to arrest the situation.

Dr Kwaye is convinced government as well as the
public sector are over-bloated and need to be
downsized in order to free up more revenue for
development.

He also pointed out that the fundamentals of
Ghana's economy have not changed and it does not
look like the steps being taken by the managers of
the economy would achieve any result if the status
quo remained.

Joy News' Francis Abban who was present at the
press conference reported Dr Kwakye as saying that
"non-cosmetic" fiscal policies are needed to be
implemented to change the economic situation.

Source - Joy News



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