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What Have You Done To Match Mahama? – Seth Terkper Asks NPP Government

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Former Finance Minister, Seth Terkper, has dared the current NPP administration to come out with accounts of monies spent in building projects during its tenure in office.

Mr. Terkper was reacting to claims by the New Patriotic Party’s (NPP) National Organiser, Sammi Awuku, on Thursday, that John Dramani Mahama’s promise to invest US$10 billion into infrastructure must be treated as a threat and not a promise.

Sammi Awuku stated that Mr. Mahama will use such an avenue to enrich himself because the cost of the projects or infrastructure will definitely be inflated.

However speaking on Eyewitness News on Citi FM in a response, Mr. Terkper challenged the government to tell Ghanaians what they have done to match the records of the previous Mahama administration.

“In 2016, frankly, oil prices in that minor crisis relative to COVID were US$42 to US$45. Today, as we speak, oil prices are US$47. Why didn’t the Minister revise those figures when he presented the mid-year budget review? And still, he gave the impression that oil prices were below US$25? This was the average with which we did all this from late 2014 to 2016. So the record is there,” he insisted.

“I think it’s about time the current administration speaks about its record. President Mahama can point to the four bonds that we issued; the fact that we took off one bond, and the fact that we took the money to build infrastructure and we managed to still slow down the debt. That is our true record. The administration can tell us what they did to match this. That’s the more relevant discussion that we should be having as a country.”

Source: GhanaFeed.Com

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Gabby Otchere-Darko Wins Defamation Suit Over Kevin Taylor; Gets Ghc1m As Compensation

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An Accra High Court (Commercial Court 10), has found social media commentator, Kelvin Taylor guilty of defamatory statements against cousin of President Nana Akufo-Addo and a member of the ruling New Patriotic Party, Gabby Asare Otchere-Darko.

Kelvin Taylor had made claims that Gabby benefited from the PDS scandal which rocked the country months ago. He also claimed that Gabby owned a property in the plushest part of London, Mayfair, adding that he bought the property with profits made from the PDS scandal.

This made Gabby directed his lawyers to file a defamatory suit against Kelvin in October 2019.

Ruling on the case today, StarrFMonline reported that the court found that Kevin Taylor had, without any basis, whatsoever, made very serious defamatory comments against Gabby Otchere-Darko.

The court therefore awarded damages in the sum of One Million cedis in the favour of the plaintiff, due to the seriousness of the defamatory matter published by Kevin Taylor.

Source: GhanaFeed.com

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Ghana Not Declared HIPC, Disregard Rumours – Oppong Nkrumah

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Information Minister, Kojo Oppong Nkrumah has rubbished reports on social media which suggested Ghana has been declared part of the Heavily Indebted Poor Countries (HIPC) globally by the World Bank.

Speaking at the Nation Building Updates on Tuesday in Accra, Oppong Nkrumah noted that the said reports are fake and being shared by malicious persons who seek to run government down because it’s an election year.

He said “there are suggestions being spread particularly on social media that Ghana has been declared HIPC again and I am sure you would have noticed that a lot of persons are sharing materials on social media that the IMF or World Bank has declared Ghana HIPC or listed Ghana as one of the HIPC countries and it is a suggestion that the economy is not as good a shape that we claim it is.

“For the avoidance of doubt and because we have also mentioned that we are aware that some persons in the weeks ahead of the elections will seek to spread a lot of false information and fake news, it is important to quickly respond to it right here and right now. Categorically, we say to you it is not true that Ghana has been declared HIPC or has been added to the list of HIPC countries,” he added.

Source: GhanaFeed.com

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World Bank Declares Ghana HIPC Under Nana Addo

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Latest information from the World Bank sees Ghana ranked as one of the Heavily Indebted Poor Countries (HIPC) globally.

By this, Ghana joins a group of other developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank.

A total of 39 countries which heavily features African nations make up the list of HIPC.

Ivory Coast, Rwanda, Burkina Faso, Ethiopia, Haiti and Sierra Leone are some of the countries on the list.

See full list of HIPC nations below:

Source: World Bank

Source: GhanaFeed.Com

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