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Mid-Year Budget: We are implementing raft of policy measures to reset economy – Government

Government has reassured that it is implementing a raft of policy measures approved by Parliament in the 2023 Budget to reset the economy.
According to a Deputy Minister of Finance, Abena Osei-Asare, the International Monetary Fund – Economic Credit Facility programme is never a panacea.
Speaking at the Deloitte Ghana 2023 Mid-Year Budget Breakfast Meeting on the theme “Positioning for Sustainable Recovery, Ghana’s Outlook Post-IMF Deal”, she said despite the relative stability the government has achieved, it is mindful of the lingering risks.
“Let me assure this gathering that these are the questions and issues that have preoccupied the attention of government and the Ministry of Finance. We have made clear the fact that the IMF-ECF programme is never a panacea. We are intent on implementing the raft of policy measures that were approved by Parliament in the 2023 Budget to rest the economy.”
On July 14, 2023, government announced the exchange of about ¢7.93 billion of securities held through the Ghana COCOBOD and about $809 million dollar-denominated domestic bonds and notes.
The Deputy Finance Minister reiterated the government’s position that these measures are to secure sustainable debt levels and move economic growth forward, adding, “We have taken this painful and difficult pathway because we know the alternative is simply unthinkable”.
Mid-Year Budget to drive stability, growth
Based on the immediate impact of the interventions of the last seven months, Mrs. Osei-Asare said the government continues to re-assess the tools and the options for economic recovery and revitalization.
“As a step forward, we intend to use the opportunity of the Mid-Year Budget to be presented next week to drive stability and growth”, she stressed.
According to her, the focus will be on revenue enhancement through both administrative and compliance measures, fiscal consolidation and structural measures that are outlined in the Post Covid-19 Programme for Economic Growth (PC-PEG) which is supported by the IMF.
She added that Ghanaians can expect the Mid-Year Review provides an update on the implementation of the 2023 Budget so far, a focus on structural reforms to address structural weaknesses and build resilience, rejuvenate the growth agenda towards a more prioritized growth strategy and safeguard social protection for the vulnerable.
“Government is aware that these interventions will be critical to the future of our country and people”, she concluded.
Source: Myjoyonline.com
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Ghanaians party over Black Stars win

Massive celebrations were recorded countrywide as the Black Stars opened their 2026 World Cup campaign with a 1-0 victory over Panama in Toronto on Wednesday.
Midfielder Caleb Yirenkyi scored the only goal of the match late in the game as he shot in a decent cross from substitute Brandon Asante.




The win gave Ghana a positive start in the competition, placing them in second position behind England, also with three points but with a superior goal aggregate.
After the final whistle, the streets and other viewing centres were turned into partying grounds as fans, mostly clad in the team’s paraphernalia, danced to several World Cup-themed music.
Others blew the vuvuzelas in joyous mood with others putting up a spirited ‘jama’ session.
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Akosua Manu calls on NPP to reject entitlement and unite ahead of 2028 elections

Former New Patriotic Party (NPP) parliamentary candidate for the Adentan Constituency, Akosua Manu, has urged party members to move away from what she describes as an “entitlement mentality” and focus on unity, sacrifice and hard work as the party prepares for the 2028 general election.
In a statement titled “Is Loyalty a Queue?”, and posted on facebook, Ms. Manu argued that loyalty to the NPP should not be judged by how long a person has been in the party but by their contributions and commitment to its growth.
According to her, the NPP’s history shows that many of its leaders faced significant opposition from within the party before eventually leading it to electoral success.
She cited former President John Agyekum Kufuor as an example, saying he had to overcome resistance from influential figures within the party before winning power for the NPP in 2000.
Ms. Manu noted that after the party lost power in 2008, former President Kufuor faced criticism and accusations from some party members.
However, she said supporters eventually put their differences aside and worked together to rebuild the party.
She pointed to the experience of former President Nana Addo Dankwa Akufo-Addo, who, according to her, faced opposition from some factions within the NPP despite his long service to the party.
“His trials were ten times what Kufuor endured,” she stated, adding that Akufo-Addo eventually overcame the challenges and became President of Ghana.
Turning to the NPP’s current flagbearer, Dr. Mahamudu Bawumia, Ms. Manu said he also faced resistance from different groups within the party while seeking leadership.
She praised Dr. Bawumia for contributing to policy-based political discussions in Ghana and for remaining composed following the NPP’s defeat in the 2024 elections.
According to her, party members must now rally behind him in the same way they supported former Presidents Kufuor and Akufo-Addo.
Ms. Manu, however, warned that internal divisions and a sense of entitlement remain major threats to the party’s future.
She argued that some party members place too much emphasis on how long individuals have belonged to the NPP rather than on their contributions and capabilities.
“This entitlement does not question impact. It does not ask what you sacrificed or what you built. It asks only how long have you been here,” she said.
The former parliamentary candidate cautioned that such attitudes could discourage committed members and prevent the party from selecting the best people for leadership positions.
She further called on the party’s incoming national executives to strengthen the NPP’s core values of sacrifice, honesty, integrity and dedication to national development.
Ms. Manu addressed the concerns of young party supporters, many of whom she said became discouraged following the NPP’s electoral defeat in 2024.
According to her, many young people remain eager to see the party return to power but are unwilling to support internal conflicts driven by personal ambitions.
She urged party elders to place the interests of the NPP above their individual goals and to demonstrate leadership that attracts rather than alienates members.
“The NPP is bigger than any one of us. It always has been. Our collective responsibility is to act like it,” she stated.
By: Jacob Aggrey
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