“No President Can Foist a Candidate on the Party” – President Akufo-Addo

The President of Ghana, Nana Addo Dankwa Akufo-Addo

The President of Ghana, Nana Addo Dankwa Akufo-Addo has said that no president can foist a candidate on the party, according to him, “The history of the NPP tells us that no President can foist a candidate on the Party against its wishes. The NPP is not that kind of Party. We have never subscribed to a cult of personality. Indeed, our highly-respected former President, the 1st NPP President, His Excellency John Agyekum Kufuor, in the aftermath of my election as NPP Presidential Candidate, by the 2007 National Congress, told the Congress that ‘the Party has its spirit’, a spirit that cannot be ignored.”

These were the words of the President of the Republic, Nana Addo Dankwa Akufo-Addo, when he met with communicators of the New Patriotic Party, who called on him at Jubilee House, the seat of the nation’s presidency, on Wednesday, 2nd August 2023.

The President of Ghana, Nana Addo Dankwa Akufo-Addo
The President of Ghana, Nana Addo Dankwa Akufo-Addo

In a response to an appeal by the NPP Director of Communications, Mr. Richard Ahiagbah, in relation to the Party’s conduct in next year’s election, President Akufo-Addo stated that the Party cannot afford to allow what happened to it in 2008 to reoccur in 2024.

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“We are all witnesses to the derailing of the achievements chalked by President John Agyekum Kufuor by the successor NDC Government, from 2009 to 2017, in which John Dramani Mahama featured so prominently,” the President noted.

According to him “under 8-years of the successor NDC Government, we became famous for all the wrong reasons. Four successive years of dumsor, the mismanagement of the economy, wrong and dangerous energy contracts, and wanton corruption dissipated any hope the Ghanaian had for sustained economic development. Never again should we allow this to happen.”

With the start of the final leg of internal contests of the NPP, President Akufo-Addo noted that some actions by a few members of the party are making the front pages for the wrong reasons.

“We are expanding some of our energies hurling invectives at each other, instead of at our opponents, and, in the process, taking digs at our own Government. It has been an anxious time for all who love our party, and who see us as the party that can bring progress and prosperity to our nation,” he said.

President Akufo-Addo continued, “It is for this reason that, as President of the Republic and de-facto leader of the Party, I want to ensure that certain actions of yesteryear, which contributed to our loss in 2008, are not repeated. We cannot afford an internal campaign based on ethnic or religious considerations.”

Describing the NPP as “the Party of Ghana’s unity”, the President rejected forcefully the assertions “being made by a few in our party who, because of internal party politicking, are accusing my government of allegedly “intimidating” and “coercing” party faithful to throw their support behind one of the presidential aspirants, that is the Vice President. It is a false and malicious narrative.”

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He told the Communicators of the Party that he beat my chest and say, without any fear of contradiction, that there is no one in the Party who can say that he, President Akufo-Addo, has asked him or her to support this or that aspirant.

“I have not set out to dismiss any MMDCE or political appointee from office for supporting any particular aspirant; no Minister or Deputy Minister has lost their job or been threatened for openly campaigning for their preferred presidential aspirant; neither has any caveat emanated from Jubilee House to the Party across the length and breadth of the country demanding that Candidate A be supported over Candidate B. I, better than anyone in the Party, know that this is not the way to go,” he stated.

Whoever becomes Presidential Candidate, according to the President, “will be chosen freely and transparently by an Electoral College of some two hundred and fifty thousand (250,000) people, and not by President Akufo-Addo. I have just one vote, the same as any polling station executive anywhere in the country.”

He indicated, however, that he would “cast that vote for an aspirant who, I believe, can best unite the Party, and, above all, who can win the presidential election of 7th December 2024, and inflict a third successive defeat on the perennial NDC Presidential Candidate, John Dramani Mahama.”

President Akufo-Addo reassured the gathering that victory for the NPP in election 2024, and handing over to an NPP Presidential Candidate so elected as President by the Ghanaian people, are what he is working for, and he expects all members of the NPP to share the same goals.

“I assume that we all want our party to win the 2024 elections decisively, our parliamentary candidates to win, again, the majority of seats in Parliament, and our flagbearer to become the President of the Republic. I expect and accept arguments on how we prosecute this agenda. But I do not expect and do not accept that party members would do anything to jeopardise the goal we have set ourselves of winning the 2024 elections, and I will work with all who seek this objective,” he added. 

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Touching on the economy, President Akufo-Addo stressed that, but for the effects of the COVID-19 pandemic, coupled with the effects of the Russian invasion of Ukraine, Ghana would have witnessed an economic boom, following three (3) successive years when the country was one of the fastest growing economies in the world, recording an annual GDP growth rate of seven percent (7%), up from three-point four percent (3.4%), the lowest in a generation, the NPP inherited from the Mahama-led NDC Government at a time when there was no global turbulence.

“By the Grace of Almighty God, together with appropriate policy and hard work, we are seeing a turnaround in our fortunes, and this turnaround will be sustained. We are not about to throw this away, and no machinations are going to weaken us. We will work hard the next sixteen (16) months to finish strongly our current mandate, and to merit again the trust and confidence of the Ghanaian people, Break the Eight, and make history together,” he added.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Ghana Rolls Out $172 Million To Support Small Businesses And Startups. Application Starts Today

The President of Ghana, Nana Addo Dankwa Akufo-Addo

Small businesses and startups in Ghana have a new succor, courtesy of the government of Ghana. President Akufo-Addo has launched the GH¢1 billion($172 million) Coronavirus Alleviation Programme (CAP) business support scheme intended to support small and medium-scale enterprises (SMEs) impacted by the novel coronavirus (COVID-19) in the country. 

The President of Ghana, Nana Addo Dankwa Akufo-Addo
The President of Ghana, Nana Addo Dankwa Akufo-Addo

“This highlights the important role MSMEs play in the growth and development of our economy, necessitating the special attention of Government,” Nana Akufo-Addo said at the launch of the programme t Jubilee House, the seat of the nation’s presidency.

Here Is What You Need To Know

  • Out of the 1.2 billion cedis earmarked for this Programme, GH¢600 million will be disbursed as soft loans to MSMEs, with up to a one-year moratorium and a two-year repayment period. The rate of interest on government’s six hundred million cedi (GH¢600 million) facility is three percent (3%).
  • Additionally, selected participating banks will provide negotiated counterpart funding to the tune of GH¢400 million, making, in all, GH¢1 billion for disbursement under this Business Support Scheme, with the entire scheme set to attract some 180,000 beneficiaries across the country.
  • The SMEs sector, according to the University of Ghana study in 2015, contribute about 70 per cent to Ghana’s Gross Domestic Product (GDP), and account for about 92 per cent of businesses in the country.

Who Qualifies To Receive Funding?

  • According to Akufo-Addo, the beneficiary sectors include agri and agro-businesses; manufacturing; water and sanitation; tourism and hospitality; education; food and beverages; technology; transportation; commerce and trade; healthcare and pharmaceuticals; and textiles and garments.
  • The beneficiaries must be either self-employed, sole proprietors, or engaged in a limited liability, partnership, or joint venture arrangement.
  • A total of ninety-nine (99) employees is the limit of employment for any qualifying enterprise. 
  • The qualifying enterprise is encouraged to belong to a trade association or group, and be registered with Ghana’s National Board for Small Scale Industries (NBSSI).
  •  The application process starts today, 20th May, and ends on Saturday, 20th June. 

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Where To Go To For The Funding

  • According to Ghana’s president, generally application forms have been made available online on the website of NBSSI, which is www.nbssi.gov.gh. 
  • Smaller enterprises can however access the funds from the Adom Micro Loans, and larger ones from the Anidasuo Soft Loan, according to him.
  • Further enquiries may also be made across several platforms including nbssi.gov.gh/capsupport; mobile number platform (USSD) *718*555#; Call Centre Helpline: applicants can also call the CAP Business Call Centre on 0302 477 777; email address capsupport@nbssi.gov.gh; or visit the nearest NBSSI Business Advisory Centre for assistance with their applications. 

 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer.

Customers of 53 Collapsed Fund Companies In Ghana Yet To Receive Their Funds Back

President Akufo-Addo

The Coalition of Aggrieved Customers of 53 collapsed fund management companies in Ghana has threatened to hit the streets on March 24 if government fails to show commitment to pay their locked-up funds. The group claims none of its members has received any funds, neither is government giving them any assurances.

President Akufo-Addo
President Nana Akufo-Addo

Here Is All You Need To Know

  • Addressing the media in Kumasi, the group described as discriminatory government’s resolve to pay customers of defunct savings and loans, and microfinance companies whilst sidelining customers of collapsed fund management companies.

“In the President’s own statement on why his government reviewed the decision to now pay full amount to depositors of defunct Savings & Loans and Microfinance companies, was to the effect that they realized it was no fault of the customers,” Spokesperson Charles Nyame said.

“The question those of us in the fund management sector are asking is that, was it our fault to invest in a legitimate business being regulated by Securities and Exchange Commission? This is discriminatory.”

  • Ghana’s Securities and Exchange Commission in November 2019 revoked the operating licenses of 53 fund management companies over breach of requirements and failure to perform their functions efficiently.
  • Several savings and loans and microfinance companies have had their licenses revoked last year by the Bank of Ghana as part of the financial sector clean-up.
  • Some customers of the defunct savings and loans and microfinance companies have, however, started receiving their locked up funds.

Charles Nyame noted “we find it difficult to comprehend why the President has sidelined us when he committed to a 100% payment of depositors funds affected under the financial sector clean-up despite the fact that fund management companies are equally regulated just as those in the Savings & Loans and Microfinance sector”.

“If government really cares about the suffering of the customers, then it should put measures to fix this situation before March 24, 2020 to prevent the staging of a mammoth demonstration on the streets of Kumasi against the government.”

The coalition wants President Akufo-Addo to commit to the full payment of the funds. 

 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer.
He could be contacted at udohrapulu@gmail.com