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Akufo-Addo, Bawumia punishing Ghanaians with bad economic management – NDC



The opposition National Democratic Congress, NDC, has stated that the governing New Patriotic Party, NPP, is punishing Ghanaians due to their bad management of the economy.

Speaking at their headquarters in Accra on Wednesday, January 5, 2022, the NDC’s National Communications Officer, Sammy Gyamfi, saif they are, “utterly appalled by the decision of the insensitive Akufo-Addo/Bawumia government to reverse benchmark value discounts on selected imported goods, effective January 4, 2022.”

He expressed fear that the government’s decision to reverse benchmark revenue discounts will compel traders to pass on the cost to already suffering Ghanaians.

He said the move will increase prices of goods and services, and worsen “the severe hardships Ghanaians are already reeling under.”

“This will ultimately increase the cost of doing business in the country, negatively affect the turnover of businesses and the volume of trade in the country, and lead to the collapse of many businesses and jobs.”

Find below more details of the statement read at the press conference :
1. It will be recalled that sometime in April 2019, government through Vice President, Dr. Mahamudu Bawumia announced a 30% and 50% discount on the benchmark values of imported vehicles and general goods respectively. Sadly but unsurprisingly, government has decided to scrap these discounts on 44 categories of imported goods.

2. This terrible decision comes at a time when the national currency is depreciating and world commodity prices are increasing at an alarming rate, with freight charges and port handling charges being extremely high. More importantly, the callous decision by government to reverse benchmark value discounts comes at a time Ghanaian businesses, startups, parents and households are reeling under a yoke of excessive taxation, persistent increases in fuel prices and high cost of living never before witnessed in the anals of our country.

3. Ladies and gentlemen, what the decision to reverse benchmark value discounts effectively means is that, prices of the affected items such as; vehicles and spare parts, machinery, equipment and plants, aluminum finished products (roofing sheets), portland cement, cement paper bags, and clinker, poultry, animal products (meat), fish, rice, sugar, pasta, spaghetti, noodles and macaroni, pharmaceuticals (including drugs such as paracetamol, condoms etc.), toilet paper, facial tissue and towel, chocolate, toffees and chewing gum, palm oil (crude and refined oils), mosquito coils, ceramic tiles, tile cement, machetes, plastics, textile and textile articles, fruit juices, tomato paste and ketchup, furniture and parts, boxes of paper and paperboard cases of corrugated paper, iron steel bars, toilet soap and laundry bar soap, detergents washing powder, lubricating oil, soft drinks and carbonated drinks, biscuits/wafers, among others; will all go up by 30%- 50% in the coming days.

4. These increases which will eventually be passed on to Ghanaians will further escalate prices of general goods and services in the country and exacerbate the severe hardships Ghanaians are already reeling under. This will ultimately increase the cost of doing business in the country, negatively affect turnover of businesses and the volume of trade in the country, and lead to the collapse of many businesses and jobs.

5. In fact, the bitter reality is that, given the many draconian taxes that have been introduced by the callous Akufo-Addo/Bawumia/NPP government since April 2019 and the continuous depreciation of the Ghana Cedi which is already eroding profit margins and the capital of businesses, importers and Ghanaians in general will be worse off as a result of this decision. In short, import duties will be far higher than they were before April 2019 when the benchmark value discounts were introduced, in view of the continuous free fall of the Cedi and the raft of new crippling tax measures that government has introduced since April 2019.

6. Ladies and gentlemen, we wish to make the point, that this catastrophic decision has been occasioned by the self-inflicted economic malaise we presently find ourselves in, with our economy in tatters and government simply unable to find money to do anything. After five (5) years of economic mismanagement and reckless election-driven spending, which have taken the country back to its HIPC days, the Akufo-Addo/Bawumia/NPP government has decided to punish the already-burdened Ghanaian people with more hardships for their own recklessness and mismanagement. This is why all manner of crippling taxes and killer revenue measures such as the reversal of benchmark value discounts are now being imposed on Ghanaians to shore up government’s revenue just to create an artificial picture of a sound economy in order to convince the investor community on more and more borrowing.

7. We in the NDC are left in no doubt whatsoever that this latest decision by Government to reverse discounts on benchmark values of imported goods, further accentuates Dr. Bawumia’s place as the most deceitful Politician in Ghana’s history. It will be recalled that sometime in the year 2019, Dr. Bawumia was all over the place pontificating that Ghana’s Ports were one of the most expensive in the sub-region and that government had decided to introduce discounted benchmark values in order to facilitate more trade volumes, make our ports more competitive, reduce smuggling and increase government revenues from the Ports.

8. Friends, the question that ought to be asked is, what has changed in just two years to warrant a reversal of that so-called “brilliant economic policy” which was introduced by the once economic messiah of the NPP who has now turned himself into an IT champion? What happened to all the justifications Dr. Bawumia mounted for the introduction of the discounted benchmark values? Is government no longer interested in facilitating more trade volumes and making our Ports competitive? Is government no longer interested in reducing smuggling and increasing national revenue through benchmark value discounts?

9. Furthermore, the reversal of benchmark value discounts on selected imported goods reinforces our long-held view that this Akufo-Addo/Bawumia/NPP government is an insensitive and callous administration which does not have the wellbeing of the Ghanaian people at heart. These are the very people who promised among other things to move this country from taxation to production, but have yet again pulled another deception on Ghanaians relative to import duty and Port charges. Never has a government been this cunning and untruthful to the people in our history as a country.

10. As always, it would come as no surprise to us for government’s apologists led by Dr. Bawumia himself to once again canvass the COVID-19 pandemic as a convenient excuse for the decision to reverse benchmark value discounts. These days, the inept and clueless Akufo-Addo/Bawumia/NPP government blames literally every single thing on COVID-19, including when the sun fails to appear. However, it is important to state forcefully that COVID-19 can never be blamed for the reversal of benchmark values. Government exceeded its revenue target for the year 2020 (COVID year) and actually raked in more revenue than they did before COVID struck. For instance, in the year 2019 before the advent of COVID-19, total tax revenue stood at just about GHS43 billion, while total tax revenue for 2020 (covid-year) stood at GHS45.3 billion, thereby exceeding government’s tax revenue target for 2020 by a whopping GHS2.5 billion. Also, whereas government projected a total tax revenue of GHS55 billion for the 2021 fiscal year, our checks show that this revenue target has been exceeded.

11. In addition to this, and by courtesy of the coronavirus pandemic, government has received support of about US$2 billion from the IMF, a US$100 million grant from the World Bank, US$250 million from the Stabilization Fund, about GHS20 billion support from the Central Bank, among others, all of which have been squandered on hyper-inflated consumption-related expenditures.

12. Ladies and gentlemen, it is worthy of note that, several countries in the sub-region such as Togo, Benin, Nigeria, Ivory Coast, among others, have better budget deficit, debt to GDP ratio and other economic indices than Ghana despite being hit by the COVID pandemic. None of these countries have slapped their citizenry with the kind of draconian revenue measures the Ghanaian people are witnessing at the hands of the insensitive Akufo-Addo/Bawumia government. Therefore, COVID-19 can neither be a reasonable justification for the reversal of benchmark discounts on imported products nor the imposition of unprecedented hardships and misery on Ghanaians by this government. On the contrary, it is down to crass economic mismanagement spurred by a toxic combination of unbridled borrowing and reckless spending on misplaced priorities that have brought us here. That is what has created the unprecedented high budget deficit and unsustainable debt hole we presently find ourselves in.

13. Again, we must register our displeasure at the misplaced priorities of this government and the continuous waste of the public purse on the opulent lifestyle of the President and his government of family and friends in this time of economic difficulties. It is important to emphasize that, revenue has never been a problem for the Akufo-Addo/Bawumia/NPP government. Without any argument, this government has been the luckiest and most resourced government in Ghana’s history, with a total resource envelope of over GHS460 billion accruing to them in the last five years. It is a fact that this government has had more taxes than any other government in Ghana’s history (GHS157 billion in four years (2017-2020) as compared to GHS86 billion that accrued to the NDC/Mahama administration in four years- 2013-2016); more oil revenue and more borrowed funds than any government in Ghana’s history.

14. Yet, the chunk of all these unprecedented revenues is spent on consumption-related expenditures such as the rental of hyper-expensive luxurious jets to satisfy the comfort of President Akufo-Addo, while the rest of the meager resources of state are misappropriated through corruption and naked thievery by his appointees and family & friends, as was recently noted by the Catholic Bishops Conference. For instance, the 2020 Auditor General report shows that Ghana lost over GHS32 billion as a result of corruption and financial irregularities in the public sector from 2017-20202. President Akufo-Addo continues to display such insensitivity in this time of economic difficulties and same continues to be emulated by his appointees.

15. Friends from the media, the claim by the government that the purpose of the reversal of benchmark value discounts is to address concerns raised by the Association of Ghana Industries (AGI) and promote local production, is mischievous and ridiculous to say the say least. This is because some of the items listed under the 44 categories of imported goods affected by this draconian policy, such as vehicles, spare parts, Plants, Equipment, machinery, sugar, some drugs (pharmaceuticals) are not manufactured in Ghana, while some of the affected items such as Clinker, cement paper, paper etc. are input materials for local production. Even for the few affected products that are produced locally, we do not currently have the local capacity to produce to meet national demand. Hence, any policy that seeks to increase import duties and ultimately the prices of goods, will lead to more hardships in the country. The sensible thing for the government to do under the circumstances if they are genuinely minded to support AGI and boost local production is to reduce the cost of doing business and the factors of production by stabilizing the Ghana cedi, reducing the tax burden on businesses, and by ensuring that businesses have access to cheaper credit, low utility tariffs, and subsidized inputs. This is the surest and sustainable way of boosting local production without necessarily increasing the level of hardships in the country.

16. In conclusion, we wish to make the point, that Ghanaians have had enough of the deception and callousness of the Akufo-Addo/Bawumia/NPP government. The NDC holds the view, that this is not the time for more taxes and draconian revenue measures such as the reversal of benchmark value discounts. We share in the view espoused by GUTA that the GRA withdraws the statement announcing this measure which will only go a long way to stifle the already burdened businesses in the country.

We contend that this is the time for the judicious and efficient use of taxes collected, and the meager resources of the state for the benefit of the Ghanaian people. Enough of the wastage and ostentation being displayed by President Akufo-Addo and his government, only to turn around and impose hardship on the Ghanaian people through killer measures such as these.

17. It is about time we came together as a people irrespective of our social backgrounds or political affiliations to resist these draconian measures of the failed Akufo-Addo/Bawumia/NPP government which will only worsen our living conditions should they be allowed to stand. Enough is Enough!

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National: 2023 Budget: TUC to reject government’s salary projection of ₵44.9m





After several attempts to reach an agreement with government over an increment in their base pay, the Trades Union Congress (TUC) is expected to meet government on Wednesday to finalise a deal.

But before that meeting gets underway, the Trades Union Congress is warning that it will not accept government’s projections in the 2023 Budget.

The Finance Minister, Ken Ofori-Atta, reading the 2023 Budget in Parliament projected compensation of employees at GH¢44,990 million (5.6% of GDP).

Earlier, government also proposed a 12% salary increment during the last negotiation with Organised Labour but it was turned down.


Speaking on JoyNews’ PM Express on Tuesday, Deputy General Secretary of TUC, Joshua Ansah stated that they would not agree to the projected figure.

According to Mr Ansah, government must expect a fight if they turn up at the meeting with the same proposal.

JoyNews/AdomNews · TUC to reject government’s salary projection in 2023 Budget
“There is no way Organised Labour is also going to accept what has been put in the budget. Well, if the government has made up its mind that it is the way it thinks that he can actually force down the throat of workers, then we are in for a big fight, because there is no way government can pay anything below what we are expecting,” he said.

He noted that Organised Labour will not compromise on their demand for 60% increment in their base pay.

Meanwhile, the President of the Ghana Medical Association, Dr. Justice Yankson says government has created a problem by not reaching an agreement with the labour unions earlier.

JoyNews/AdomNews · Dr Yankson on organised labour and government’s negotiations
He believes the current mess could have been prevented.

“These are some of the problems that sometimes we create for ourselves. We had a whole period in which we could have sorted these things, we waited to the last end. Now we can see that we are on a collition course, it is clear,” he said.

Source: Myjoyonline


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Politics: Wenchi High Court throws out petition against NPP MP’s 2020 election victory




A Wenchi High Court has thrown out a petition against New Patriotic Party (NPP) legislator in the Techiman South 2020 election.

The petitioner was seeking the nullification of the poll which saw the NPP candidate, Martin Agyei Mensah Korsah, emerge victorious.

But at the hearing Wednesday, the court explained that the NDC 2020 Parliamentary candidate, Christopher Bayere, who was pursuing the matter, failed to prove the burden of petitioning.

The court was attended by some leaders of the NDC including General Secretary, Johnson Asiedu Nketia.

Wenchi High Court throws out petition against NPP MP’s 2020 election victory
He was sighted leaving the court premises a few minutes before the judgement.

The NDC Parliamentary candidate had contested the EC’s verdict which gave the NPP’s candidate victory with 49,682 votes representing 50.2 percent of the total valid votes cast, whilst the NDC’s candidate had 49,205 votes representing 49.8 percent of the total valid votes cast.

The NDC Parliamentary candidate insisted that the figures were not a true reflection of the election.

According to him, per the pink sheets of the NDC agents at each of the 267 polling stations, he garnered 50,306 votes in the Parliamentary election whilst the 1st Respondent polled 50,013 votes.

Wenchi High Court throws out petition against NPP MP’s 2020 election victory
Electoral Commission fined in 2021

In August 2021, the Electoral Commission of Ghana was fined GH¢4,000 by the court after the Court refused to grant the EC’s request for a stay of proceedings in the dispute on July 30, 2021.

Wenchi High Court throws out petition against NPP MP’s 2020 election victory
The EC’s application for a stay of proceedings was to enable it to file a motion to challenge the ruling of the Court at its previous sitting, when it granted the petitioner a motion to amend the title of the writ.

TCounsel for the EC, Emmanuel Addae said the stay of proceedings was to enable him to file supplementary statements in support of the application filed by the National Democratic Congress (NDC) candidate, Mr Christopher Beyere Baasongti.

However, reacting to the EC’s stay of proceedings, the Counsel for the petitioner, Justin Teriwajah argued that the motion was frivolous and unnecessarily geared towards delaying the adjudication of the case.

Source: Myjoyonline


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Football: Asamoah Gyan’s run, Bagbin’s dance and Black Stars fans’ clean-up as fans celebrate S. Korea win in style




It was the much-needed win for Ghanaians who were largely sitting on tenterhooks for the final quarter of the game.

And from the reactions, after the South Koreans netted a quickfire double between the 58th and 61st minutes, something had to definitely happen.

Kudus rose to the occasion, found himself at the end of a Gideon Mensah cross and curled the ball past the goalkeeper to restore Ghana’s lead and eventually sealed the game for Black Stars.

Asamoah Gyan’s run, Bagbin’s dance and Black Stars fans’ clean-up as fans celebrate S. Korea win in style
The 68th-minute winner triggered a thunderous celebration across the country and on social media.

Despite late attempts from the Koreans, the game ended 3-2 with Ghana earning a vital win in Group H.

Asamoah Gyan’s run, Bagbin’s dance and Black Stars fans’ clean-up as fans celebrate S. Korea win in style
Alban Bagbin

The jubilation started right from Ghana’s legislative arm where the Speaker, Alban Bagbin was caught on camera dancing to one of the goals on the day from his office.

The ecstatic Speaker punched the air while clad in his Black Star jersey in the company of other officials of the House.

Asamoah Gyan runs

Former Black Stars captain, Asamoah Gyan was on punditry duty at SuperSports TV.

However, the ethics of being on a live set could not suppress his excitement when the deciding goal was scored.

Filled with elation, the former skipper run out of the set in jubilation shouting atop his voice.

His iconic goal celebration was his response when asked about his reaction to some moments of the game.

Fans in clean-up mode

Now, supporters of Japan’s national team have been earning praise in Qatar for their zeal toward cleanliness after each game.

This win seems to have presented Ghanaian fans with the opportunity to emulate this off-pitch tradition.

While many celebrated the win at full-time, other fans were seen moving boxes around to collect the waste left by their colleagues.

South Korea’s Son not in selfie mood

Another interesting sight came from an official from the Ghana dressing room posing for a selfie.

The subject Son Heung-min was almost in tears after his team lost at full-time.

Otto Addo’s side will now face Uruguay in their last game looking to secure qualification to the next stage of the competition.

Source: Myjoyonline


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