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We’re focused on results, not slogans – Deputy Finance Minister fires back at Bawumia’s Cedi comments
Deputy Minister of Finance, Thomas Nyarko Ampem, has dismissed recent criticisms by former Vice President Dr Mahamudu Bawumia regarding the performance of the Ghanaian cedi, accusing them of focusing on “empty sloganeering” with the Cedi during their time in government.
Dr Bawumia, addressing the Young Executive Forum in London as part of his UK “Thank You Tour,” questioned the policy basis for the recent appreciation of the cedi, suggesting the gains were not backed by any substantive economic strategy.
But in a sharp rebuttal on Joy FM’s Midday News on Tuesday, 20 May, Mr Nyarko Ampem accused the former Vice President of continuing his well-known pattern of rhetoric without results.
“I’m not surprised by the statement made by the former Vice President. A man known for sloganeering during his time in office would naturally make such comments,” the Deputy Minister stated.
He said, “But the difference is clear — while they shouted slogans, we are quietly delivering results.”
Mr Nyarko Ampem stressed that the current administration, under the National Democratic Congress (NDC), is focused on measurable outcomes rather than political point-scoring.
“For us, we will not be going around shouting about slogans and policies. We will deliver. And the end will justify the means,” he affirmed.
He highlighted specific interventions that have supported the cedi’s recent stability, pointing to the government’s strategic initiatives, such as the establishment of the Gold Board, which he described as a turning point.
“We spoke extensively about the Gold Board and told Ghanaians it would make a difference. From January to April 2024, gold exports were around $860 million. Today, thanks to the Gold Board and our structured approach, we’ve exported over $2.7 billion worth of gold. That is not talk — that is delivery,” he explained.
The Deputy Minister also credited the revival of a derailed IMF programme with boosting investor confidence and creating macroeconomic stability.
“Since we took over, borrowing has reduced, and Treasury bill rates have been dropping consistently since February. These are tangible results, not slogans. And that’s what’s driving the growing confidence in our economy,” he said.
In a final jab at Dr Bawumia, Mr Nyarko Ampem urged him to reflect on the economic difficulties experienced under his watch.
He concluded,“The difference is obvious. Lives are becoming bearable again, and that’s what matters most.”
Source: Myjoyonline.com
The Minority in Parliament has strongly objected to any planned merger or partnership between the government and Telecel, describing the deal as “technically, operationally, and financially unconscionable.”
Ranking Member on the Communications Committee, Matthew Nyindam, raised the concern during a media briefing in Parliament.
He questioned why both the Minister of Communications and Telecel would publicly announce a merger and then suddenly go silent on the matter.
“We object to any deal with Telecel by way of merger, absorption, or acquisition. This is a scheme to dispose of a national asset to fill private pockets,” Mr. Nyindam stated.
He argued that Telecel has not demonstrated any special technical or operational expertise that staff and management of AT (formerly AirtelTigo) do not already possess.
According to him, Telecel had earlier promised to invest $500 million after acquiring Vodafone Ghana but failed to do so, a situation he fears could repeat itself if the government allows another deal.
Mr. Nyindam claimed that Telecel was already indebted to the tune of $400 million, adding that the company only seeks to benefit from AT’s over three million customers to expand its own base without making any real investment.
“The government must not surrender the capacity of a state-owned company to a private entity through majority ownership. There is no clear plan to protect the jobs and livelihoods of thousands of workers,” he stressed.
The Minority Caucus is therefore calling on the government to halt any discussions or agreements with Telecel regarding the proposed merger, insisting that the deal is not in the national interest.
Flagbearer hopeful of the New Patriotic Party (NPP), Bryan Acheampong, has called for an emergency 90-day suspension of all forms of mining in Ghana to help restore polluted rivers and water bodies.
He made the call during his campaign tour, where he engaged party members and residents on issues of national concern, including security, the environment, and responsible mining.
Mr Acheampong explained that the temporary ban should take place during the rainy season to allow the environment to recover naturally while the nation rethinks its mining practices.
“Let’s clear our water bodies and engage on how we can go back to mining. I’m not talking about a state of emergency, but mining, regardless of where, should stop now for the next 90 days,” he said.
He warned that illegal mining, popularly known as galamsey, continues to poison food sources and destroy farmlands, posing a major threat to public health and food security.
“If our food systems are being poisoned and we just look on because we prefer to make money, our people will not be around in a very short time to address the situation,” he cautioned.
Mr Acheampong urged government, miners, and local leaders to use the proposed 90-day period to develop a sustainable framework for responsible mining that protects both livelihoods and the environment.
By: Jacob Aggrey
