NPP Minority Caucus-9th Parliament

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NPP Minority Caucus-9th Parliament

NPP Minority Caucus-9th Parliament

@House_NPP

Official account of the NPP Caucus in Parliament.

Accra, Ghana Katılım Aralık 2024
17 Takip Edilen2K Takipçiler
NPP Minority Caucus-9th Parliament
Mr Joe Jackson speaks of “stability”, a repetition of BoG propaganda. BoG drained liquidity from the market, inflation dropped, and now farmers have produce but no buyers and no money. That’s not stability. That’s a number that works on paper but starves the economy.
Joe Jackson@Joe_Jackson_GH

The glut of rice production and the stable economy are completely different issues. The glut of rice is sad and a result of a complex combo of factors, of which the availability of money is definitely not one. The economy's stability is real. Gen Buhari, let's have a civil debate.

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The Grand Ponzi Scheme The old Gold Purchasing Program was efficient. The new Gold Purchasing Program introduces and institutionalizes middlemen who brings additional cost to the program. This is the reason why BoG sells but still manages to make losses. That loss (cost) goes to the middlemen (GoldBod and its aggregators).
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@The_four_eyed Dear McJoseph, This isn’t skewed, this is simplified with a layman in mind. You think this infographic is inaccurate? Tell us or choose your words “correctly”.
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McJoseph
McJoseph@The_four_eyed·
@House_NPP Skewed or simplified? Choose your words correctly
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So we should clap because BoG spent GH¢34 billion of public money and sold 18 tonnes of gold… to bring inflation down? Charley, that’s not a win. That’s paying GH¢10,000 for a chicken. The cost doesn’t match the result. Inflation was already falling in 2024 at a much lower cost. New management reversed a working recovery, doubled OMO costs to GH¢16.7B, and now we’re celebrating? The gains are real. The method is the problem See a simplified version of BoG financial statement here 👇🏾
NPP Minority Caucus-9th Parliament tweet mediaNPP Minority Caucus-9th Parliament tweet media
Mempeasem President@AsieduMends

Ei, I just checked the Bank of Ghana 2025 financial report, these people really invested serious money just to push inflation down to 3.3%. No wonder prices have been fairly stable lately. BoG take the cost so we no go suffer.

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Hon Adomako-Mensah Collins speaks on Energy Part 2; Electricity Tariffs. Does the IMF document force Ghana to increase electricity tariffs? What are the determinants of electricity tariffs? What are the expectations based on the determinants? Note; video was recorded on 12the March, before PURC announced new prices.
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Hon Adomako-Mensah Collins speaks on Energy Part 1; ECG Meters. Are the meters running fast? Has government tempered with the meters without public knowledge?
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Dr. Gideon Boako Calls for a bipartisan Inquiry into the “Criminal” sale of 18 Tonnes of Gold by the Bank of Ghana.
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Hon. Kojo Oppong Nkrumah has introduced a Private Member’s Bill aimed at strengthening Ghana’s Public Financial Management Act. The proposed legislation seeks to ensure that all government spending aligns strictly with an officially approved national development plan. The move is intended to improve fiscal discipline, enhance accountability, and prevent public funds from being used on projects that fall outside national priorities. #HouseNPP
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The Bank of Ghana is set to report its biggest losses in recent history. House NPP is resisting any PR attempt to justify such losses and you should too.
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Hon.Minority Leader (@AfenyoMarkin) writes; Earlier today, my response to SONA was to simply say: Give to Bawumia What Belongs to Bawumia. I’ve had a few enquiries to explain. What we heard today at the President’s State of the Nation Address was a celebration without acknowledgment. The President stood tall, applauding his own performance, yet failed to admit that the script he was reading was written before he arrived on 7 January 2025. The fiscal space he now enjoys was created through the painful sacrifices of bondholders and the difficult reforms undertaken by the previous NPP administration. Gratitude costs nothing, Mr President, but it has been withheld. On the economy and the strength of the Cedi, the facts are even clearer. The stabilisation measures did not fall from the sky. The Gold for Oil program, Gold for Forex, and Gold for Reserves, the strategic decision to increase gold reserves at the Bank of Ghana were the brainchildren of former Vice President, Dr. Mahamudu Bawumia. The gold buffers that provided confidence, the framework that steadied the currency, and the foundation that made today’s stability possible were already in place before 2025. In 2024, GDP had crossed one trillion cedis for the first time and growth stood at 5.7%. Over 30 tonnes of gold had been accumulated. The groundwork was done; the plane had already taken off, Mr President. This government simply walked into a prepared room and is now taking a bow. There is nothing wrong with continuing a good policy. But let us be honest enough to give credit where it is due. So I repeat: Give to Bawumia what belongs to Bawumia.
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