To showcase the achievements of President Mahama and his enormous contributions and support to the people of Ghana, the National Democratic Congress unveiled the ‘Better Ghana Agenda’ Green book 2.
Government has performed tremendously in advertising the book in all aspects of the advertising channels; but has failed to account or tell Ghanaians how much it cost to do that.
However an economist and Charted Accountant by name Kusi Boafo has told Okay FM that looking at the way government has managed to circulate the message the Green book 2 carries, an amount of GH₵100million is likely to be pumped into it.
Mr. Boafo, a Lecturer at the Kumasi Polytechnic narrowed his argument to the advertising in the electronic media. He explains the NDC could have spent GH₵60 million every quarter on commercials if it is to use this form of media alone.
The ‘Better Ghana Agenda’ Green book 2, catalogues a summary of President Mahama’s achievements.
In a statement signed by the Minister for Communications, Dr. Edward Kofi Omane Boamah, he noted that the Green book 2 “gives a clear indication of the President’s commitment to changing the lives of Ghanaians and transforming Ghana. It also shows how far his bold and decisive leadership has brought our great nation.”
Campaign Started Too Early?
The Economist also expressed the view that it does not make prudent economic sense for the ruling party to have started its campaign in the first quarter of the election year.
According to him, “once you do that, you are likely to lose concentration” on managing the economy.
Citing the huge sums of monies being spent by the NDC on advertising its achievement as an example, Mr Kusi Boafo said the country is burdened with accumulated arrears to the tune of GH₵13.7 billion which is largely attributed to unpaid National Health Insurance fees, District Assemblies Common Fund (DACF), GETFund, Pensions, SSNIT contributions among others.
“They have started too early. Left to me alone, they should have waited for a while because if you start within the first three months in an election and bring a green book called accounting to the people and advertising and getting chiefs to pledge the percentage of votes they will secure for the party, it is too early”.
“What it means is that we may pay little attention to the economic management of the country and the concentration will rather be on campaigning. If we are not careful, we are going to spend huge sums of money and it will negatively affect the economy because all the things we will be doing will be centered on scoring political points,” he stated.
Chris Joe Quaicoe/ email: firstname.lastname@example.org
BREAKING NEWS: BoG takes over Unibank
The Bank of Ghana has announced it has taken over the management of private bank, Unibank.
The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.
Ernest Addison said the bank, adjudged the 6thbest performing company in Ghana at the Ghana Club 100 awards in 2017, provided inaccurate data during the central bank’s effort to resolve the problems last year.
He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”
The take-over comes weeks after Unibank announced it was taking over adb.
The top management of Unibank are Dr. Kwabena Duffuor II who is Chief Executive Officer, Ekow Nyarko Dadzie-Dennis Chief Operating Officer, Executive Director Owusu-Ansah Awere, Executive Clifford Duke Mettle, Director of Risk Management Kwesi Nkrumah Pimpah.
Photo: CEO Kwabena Duffour II was awarded the most enterprising young executive award in 2017.
The bank’s company secretary is Sylvia Assimeng-Archer, Executive Head of Treasury and Global Trade John Collins Arthur, Executive Head of Corporate Banking Elsie Dansoa Kyereh and Executive Head of Innovations and Business Execution Florence Ohene.
This executive management are expected to give way to new control, KPMG appointed by the central bank.
The bank was founded in 1997 by Kwabena Duffour who later became Finance minister under the Mills administration.
But after 20 years of private management, Kwabena Duffour who is a former Governor of the Bank of Ghana loses control of unibank to his former employers.
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