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“Appreciate and Promote The Good Works Of Nana Addo’s Gov’t ” – Mary Posch-Oduro, NPP National Treasurer Hopeful

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“Appreciate and Promote The Good Works Of Nana Addo’s Gov’t ” – Mary Posch-Oduro, NPP National Treasurer Hopeful

The successful NPP Ashanti Regional Annual Delegates Conference reinforced the spirit of togetherness and victory of party faithful, delegates and aspiring candidates.
Mary Posch-Oduro, the New Patriotic Party National Treasurer Hopeful urged fellow Ghanaians to appreciate and promote the good works of Nana Addo’s Government.
She said her commitment in helping succeed our NPP Government is a priority to break the 8,
Mary Posch-Oduro is really grateful to the visionary leadership of his Excellency Nana Addo Dankwa Akufo-Addo. Ghana is on track with numerous policy implementations.
Speaking to a group of Delegates at the just ended NPP Ashanti Regional Delegates Conference, Mary Posch Oduro said “Ghana headline inflation has been reduced from 15.4% in 2016 to 7.8 % in 2021. Interestingly Ghana’s economic growth is expected to average 5.1% yearly in 2021-2023”
She further gave few of numerous achievements of NPP Government, she said, in addition to implementation of free SHS, Planting for Food and Jobs has increased food production. It has led to a 71% increase in the national production of maize and 34% in paddy rice, pension scheme for cocoa farmers for the first time since independence, over 80 companies are in operation under 1D1F, etc
A journalist from Diamond fm asked her “how would you grade Nana Addo’s government? The NPP National Treasurer hopeful responded “I’ll give him 100%”
Mary Posch-Oduro emphasised that the work of party communicators and serial callers should be highly prioritized. NPP cannot break the 8 when the party communication machineries are not properly resourced to propagate the good works and policies of government. Mary Posch-Oduro is coming to invest in party communicators and serial callers.
Mary Posch-Oduro is having numerous innovative ideas to empower NPP grassroots. She said when given the nod logistics and financial resources will arrive at constituencies in appropriate time.
She will establish income generating ventures for job creation in each constituency as well as generating income for the day to day administration of the constituency
The NPP National Treasurer Hopeful has what it takes to mobilize resources for the party to ensure funds are disbursed efficiently within budgets to achieve the Party’s objectives of winning election 2024 and beyond.

National Treasurer’s office is a sensitive position that needs someone who is globally connected to political and business stakeholders especially financiers to help mobilized fund for the constituency and all party activities.

Madam Mary has been an active member of the NPP both in Ghana and Germany.

When it comes to grassroots work Madam Mary Posch-Oduro worked with the late Quarshigah in the Volta Region which made a tremendous impact in winning 2000 general elections.

During 2012 elections, she also contributed financially to support constituencies in the three Northern Regions as well as donating a Pick-up vehicle to support the electioneering campaign.
In 2016 with the help of NPP Germany Branch, they adopted 10 orphan constituencies and won 9 out of the 10.
Madam Mary Posch-Oduro has many years experience in resource mobilization and sees financial refueling of the party machinery especially, the grassroots as her topmost priority. Below is the profile of Honorable Mary Posch-Oduro.

PROFILE OF MARY POSCH-ODURO, NPP National Treasurer Hopeful

Mama Mary Posch-Oduro is a founding member of the party in Germany and has held numerous positions in NPP-Germany, including founding Treasurer (1993 – 1997), branch Women Organiser (1993 -1999) and Organising Secretary (2001 – 2014).

Currently she is a member of NPP NEC Welfare Committee, member of council of elders Ablekuma West Constituency, member of Council of Elders (NPP Germany Branch) as well as Director of finance and Social welfare of NPP Europe Council of Elders.

Mama Mary Posch-Oduro is more abreast with our local politics due to her regular involvement in Grassroots mobilisation during national campaigns. She has always been a member of the campaign team since 2000 and has worked in the most unfriendly environments of the NPP especially the four northern regions, Volta, Oti, Bono, Bono East, Ahafo, Western and Western North regions.

Mama Mary Posch-Oduro spelt out her vision of mobilising resources to energies the Grassroots, by promoting and sustaining a decentralized mobilisation system where constituencies would be incentivized and encouraged to generate and mobilise resources locally to the former President. She further elaborated on her vision by effectively contributing to the governance and administrative system of the party to ensure maximum satisfaction of all key stakeholders both home and abroad to ensure all-inclusiveness in decision making.

Former President J.A. Kufuor was full of praise for Mama Mary Posch-Oduro for her constant and unflinching support given to the party especially the usual platform given to Presidential Candidates and national campaign teams of our dear party NPP in Germany during electioneering campaign. He remembered vividly the warmth reception his team received in Germany on a campaign tour in 1998 prior to the 2000 elections which brought NPP to power for the first time in our history.

He was of no doubts that Mama Mary Posch-Oduro who was mentored by the Hon Rtd Major Courage Quashigah and Hon Kwadwo Baah-Wiredu, all of blessed memories, with her astute records in finance management will bring enhanced prudence and transparency in financial management to make the office of the national treasurer more credible to the admiration of all party faithful.

Massive campaign and donation to the Volta Region in the company of the Late Courage Quashigah to win the Akan Constituency in 2000 elections.

The incoming NPP National Treasurer has held various positions in NPP Germany Branch; Founding treasurer (1993-1997), Women Organiser(1993 -1999), Organizing Secretary             (2007 – 2014), Member, Council of Elders(2014 – to date

Prior to 2020 general elections the grassroot oriented spirit of the incoming NPP National Treasurer supported 16 constituencies financially and or T-Shirts;

Bulisa North, Odoben-Brakwa, Ablekuma South, Gushegu, Afram Plains South, Afram Plains North, Sekyere Afram Plains, Asante Akyem North, Asuogyaman, Amamfi West, Nadon, Akuapim North, Mperaso and Abetifi during the general elections

Prior to 2016 general elections Mary Posch-Oduro supported Ablekuma West Constituency, Agogo Saviour Church Polling 2016 station, Asante Akyem North Constituency, Upper West,  Dormaa West Constituency (Wining the constituency for the first time)

Mary Posch-Oduro supported the publication of a portrait documentary of the then Presidential Candidate of the party, Nana Addo Dankwa Akufo-Addo for fundraising in 2012 elections.   She supported the party with a Nissan Frontier Pick-up for the electioneering campaign during the 2012 elections as well as massive monetary support to the constituencies of the three Northern Regions with Honorable Price Andani, former Regional Minister during the 2012 elections.

In 2011 the incoming NPP National Treasurer hosted the 3rd International Congress of the party in her capacity as National Organiser. In 2008 she hosted the then Presidential Candidate, Nana Addo Dankwah Akufo-Addo during his first visit in Hamburg in her capacity as National Organiser.

Further financial contributions towards 2020 elections are; Donation to  German  branch  for  five constituencies they  supported,  Donation to  the  Diaspora  Patriots  in  Ghana  (DPG)  for  Amasaman  constituency(wining for the first time)  as well  as Obom-Domeabre constituency, Ablekuma  West, Volta  constituencies  (given  to  the  Parliamentary  Candidate through  Hon.  Ursula Owusu) Bosomefreho, Atwima Kwanwoma

At the NPP Ashanti Regional Delegates conference, the NPP National Treasurer Hopeful Honorable Posch-Oduro concluded that “She who is expert in fund mobilisation is equally good in its management”. Mary Posch-Oduro has portrayed herself as elegance in mobilisation of funds and resources for party activities.
Mary Posch-Oduro will bring more Transparency, Accountability and important grassroots Empowerment.
Campaign Manager
TEAM POSH

General News

Unemployment rate started rising under Mahama – Duffuor

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Unemployment rate started rising under Mahama – Duffuor

Former Finance Minister Dr Kwabena Duffuor has said he was able to assist the late Professor John Evans Atta Mills to reduce unemployment rate from the time Prof Mills became President in 2009 to 2012.
But, he said, the rate started increasing from 2013 to 2015, the period that Former President John Dramani Mahama was in office.
Delivering a public lecture in Accra on Monday November 29, he said “High and rising inflation increases the cost of living at a fast pace, thereby eroding people’s real incomes and savings. By fueling wage pressures and raising the cost of other production inputs, it also increases the cost of doing business. Furthermore, rising inflation forces up interest and lending rates, since savers—whose surplus funds are lent to borrowers—naturally demand a higher reward for deferring consumption to the future. Higher lending rates then lead to the cancellation of otherwise viable investments, with negative effects on economic growth and employment generation.
“Historically, Ghana has experienced these effects of inflation in their most destructive forms, as the country’s post-independence economic history is marked by many episodes of runaway inflation, including prolonged periods of hyperinflation in the 1970s and 80s.
“Because Ghana relies heavily on imports to meet its consumption needs, a rapidly depreciating exchange rate is a major source of inflation. In addition, given the country’s rapid build-up of foreign debt, which accounts for about half of total public debt, a sharply weakening exchange rate significantly increases the size of the foreign debt and the cost of servicing it in domestic currency terms. In fact, research conducted by the Institute for Fiscal Studies has shown that exchange rate depreciation is a significant driver of Ghana’s public debt dynamics, as it accounted for almost 30% of the growth of public debt between 2006 and 2019.
“These problems call for the effective management of inflation and the exchange rate to ensure their stability to protect living standards and support rapid economic growth and development. To achieve this requires, from the macroeconomic perspective, disciplined fiscal and monetary policies.
“Mr. Chairman, this has been done before. In 2009–2012 under the Mills NDC administration, our success in lowering the fiscal deficit from 14.5% of GDP in 2008 to 4% of GDP by 2011, as well as our success in slowing the rate of monetary growth, facilitated a fall in inflation from 18.1% in December 2008 to single digits for 31 consecutive months starting from June 2010 to December 2012. This remains to date the longest period of single-digit inflation in Ghana since independence. The exchange rate also achieved a measure of stability during the period, as it depreciated by 10.1% per annum on average in 2009–2012, which is one of the lowest rates of average depreciation during the Fourth Republic. The World Bank indicated in their 2011 report that in 2011, Ghana was the fastest growing economy in the World with GDP of 14.5% and a decline in interest rates to the lowest level in four decades.
“In his 1999 speech at ‘President Ball and Fundraising dinner’ at the Tema Rotary Club, Dr. J.L.S Abbey lauded the 1998 Macro-Economic Performance of Ghana, saying ‘Last year, most of the financial targets of Government were met: monetary growth over the period was less than 18 percent: the exchange rate depreciated by less than 5% and the rate of inflation declined. These targets were achieved by the strong enforcement of laws relating to banking and use of foreign currency, by prudent use of repurchase agreements in monetary management, and by placing a limit on excessive budgetary spending by government’. We have done this before. Mr. Chairman, I have personally been part of doing this before, so I know it can be done and that it must be done.
“As concerns mount about rising inflation in recent months, the government should take a second look at its fiscal and monetary policies, especially the former, and ensure that they are sustainable and conducive to the effective control of inflation and the maintenance of a stable exchange rate.
“Besides firm fiscal and monetary policies, good real sector policies that lead to strong economic growth play a critical role in ensuring price and exchange rate stability. The stellar performance of real GDP growth in 2009–2012 was therefore a significant factor that led to the stable macroeconomic environment during the period. From 2009–2012, overall real GDP grew at an average rate of 9%, which is the highest rate under any administration in Ghana’s history. Even the non-oil real GDP growth rate, which stood at an average of 7.4% during the period, is the highest under any administration in the country’s history. Effective real sector policies should therefore be pursued to achieve high economic growth and employment creation, as it happened between 2009–2012, and thereby helped to maintain a stable macroeconomic environment.
“Again, through effective real sector policies, unemployment was tamed under the Mills NDC Administration and I was the Minister of Finance and Economic Planning.  The total unemployment rate which stood at 10.4% in the year 2000 witnessed a declining trend to 5.3% by the end of 2010 and further declined to 2.2% by the end of 2013. However, after 2013, total unemployment rate saw another upward swing, increasing sharply to 6.8% by the end of 2015.
“It is therefore clear that the stellar performance of real GDP growth in 2009–2012 was a significant factor that led to lower unemployment level and which further led to job creation during 2009–2012 period.”
By Laud Nartey|3news.com|Ghana

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Business

Post budget workshop helps MPs to interrogate budget statement

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Post budget workshop helps MPs to interrogate budget statement

Majority Leader, Osei Kyei-Mensah-Bonsu has stated that post budget workshop was to help members interrogate critical issues during the consideration of the budget estimates and conduct effective oversight role.

He said it was also designed to provide members with insight into the budget to enable them debate and make meaningful contributions on the floor of the House.

He said as representative of the people they owed it a duty to thoroughly scrutinize the budget to determine the extent to which it addressed the country’s developmental challenges particular issues relating to poverty eradication, gender, children and vulnerable issues, employment, social issues, infrastructural challenges and the security of the nation.

He made the observation at a Post Budget Workshop for Members of Parliament (MPs) on the 2022 Budget Statement and Economic Policy of Government at Ho in the Volta Region.

Minority Leader, Haruna Iddrisu has however served notice to government that the Minority Caucus in Parliament would not support the introduction of the proposed electronic levy policy in the 2022 budget statement.

He said the proposed levy served as a disincentive for the growth of the digital economy, investment and the development of the private sector of the country.

“Mr Speaker, our concern is whether the e-levy itself is not and will not be a disincentive to the growth of the digital economy in our country. We are convinced that the e-levy may as well even be a disincentive to investment and a disincentive to private sector development in our country.

“Mr Speaker, we in the minority may not and will not support the government with the introduction of that particular e-levy. We are unable to build a national consensus on that particular matter.”

The workshop is aimed at equipping members with skills to enable them scrutinize the 2022 Budget Statement and Economic Policy of the Government and to pass the 2021 Appropriation Act.

The platform also created opportunity for knowledge and experience sharing by members and to understand the policy-underpinnings of government on finances and economic planning for the year 2022.

Mr Iddrisu added that the Minister of Finance in his effort to redeem the economy sought to introduce some measures including; the controversial e-levy or digital levy.

He said the proposed e-levy would be dangerous to the Ghanaian economy as many people would move back to the cash system and defeat the drive towards the paperless system, which he said was their motivating factor not to support the introduction of the levy.

“To paraphrase the Vice President why tax the ordinary poor people…since when have the poor been above ordinary for momo and banking to be taxed and even the projection of 1.75 percent e-levy may as well workout to be 3.75 percent” he added.

Finance Minister, Ken Ofori-Atta in his comment highlighted some of the positive fiscal and macro-economic indicators, which he said pointed to good economic trajectory.

He said 2022 Budget Statement was geared towards post COVID-19 recovery agenda, revitalization and transformation of the economy while ensuring fiscal and debt sustainability to promote macro-economic stability for the recovery process and growth of the economy.

The proposed e-levy is scheduled to start on January 1, 2022, if approved by Parliament.

In 2020, the total value of transactions was estimated to be over GH¢500 million with mobile money subscribers and users growing by 16 percent in 2019.

According to a Bank of Ghana report, Ghana saw an increase of over 120 percent in the value of digital transactions between February 2020 and February 2021 compared to 44 percent for the period February 2019 to February 2020 due to the convenience they offer.

GNA

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Politics

Debate on 2022 Budget Statement begins Tuesday, November 23

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Debate on 2022 Budget Statement begins Tuesday, November 23

Majority Leader Osei Kyei-Mensah-Bonsu has informed Parliament that the debate on the 2022 Budget Statement and Economic Policy of Government would commence next Tuesday, November 23.

He said the Business Committee looked forward to a well-researched and informed debate, and proposed that discussion for each day be structured along specific sectors.

“That is to ensure coherence, comprehension and logical flow of the debate,” the Majority Leader said, as he presented, in Parliament, the Business Statement for the Fifth Week Ending Friday, November 26, 2021.

Mr Kyei-Mensah-Bonsu said the Business Committee recommended Tuesday, November 23, for the Finance, Environment, Gender, Foreign Affairs, Youth and Sports and Employment committees to take their turn.

Wednesday, November 24, is for the Health, Trade and Industry, Communication, Local Government, Lands and Forestry, Works and Housing, and Energy and Mining committees.

Thursday, November 25, would have the Education, Agriculture, Roads and Transport, Defence and Interior, Judiciary, Parliament, Independent Governance Institutions and Government Machinery committees taking their turn.

The leadership; the Majority and Minority sides, would conclude the debate on Friday, November 26.

Mr Kyei-Mensah-Bonsu said on each day of the debate, two members from each side of the political divide would be expected to contribute to the discussion.

He urged the House to stick to the 1000 hours normal time to start proceedings, having regard to the business scheduled for the week under consideration.

The Business Committee recommended extended sitting for each day to enable the House to conclude on Friday, as scheduled.

 

GNA

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