Evans Junior Owu

Barca is back to where it belongs !

The fastest economic recovery in Ghana's history has been recorded and achieved by version 2.0 of the Mahama-led government — this, after the most regressive, self-immolating policies of waste, mismanagement, and plunder the country has ever seen. Key achievements: · Exit from the IMF programme with star-studded honours · Rapid decline in inflation · A confident cedi · International reserves built back better · The quickest debt reduction from 65% to 45% of GDP in just one year Buoyed by confidence, candour, and transparency, the government's finance team — competently led by Dr. Ato Forson — carefully choreographed how to work with the IMF programme they inherited, even though it was badly bruised, broken, and moribund from excessive haemorrhage following the twin shocks of the DDEP, which amounted to the literal pickpocketing of our savings and investments by the previous administration. Remember: the previous government renegotiated the IMF programme the NDC government handed to them. Sadly, they missed almost 70% of the structural benchmarks they had promised the IMF by the end of 2019 — when the economy was already stuttering in fits — only to later be exposed and overwhelmed by COVID-19 and, to a very minute degree, the Russian war on Ukraine. In essence, the final apocalyptic collapse of the economy we witnessed in 2022 — with all macroeconomic indicators gasping for air — was entirely avoidable. So what has changed this time with the exit plan from the IMF? A commitment never to return to the IMF after three and a half years — the period we have been cursed, through maladministration, to return to the Fund since independence in 1957. The Finance Minister and his team defended a decision before Cabinet to be bound by additional strictures of the IMF for 36 months, long after the general elections in 2028. This is to remain credible to investors and the markets, and in the process mobilise enough capital to invest in critical areas of the economy to provide jobs — but crucially, to free up domestic resources for the private sector to blossom. It is a promise not to splurge and waste resources, as has usually been the case with governments that exit IMF programmes. Essentially, the Government of Ghana announced the official conclusion of the IMF Extended Credit Facility Programme and transitioned immediately to the non-financing Policy Coordination Instrument (PCI) of the IMF. What is the PCI? It is a non-financial advisory and monitoring tool provided by the IMF. It allows the country to design and implement its own economic reforms without receiving a financial bailout, acting essentially as a global seal of approval for the government's fiscal management. This masterstroke in economic diplomacy could not have been achieved without the backing of the President, whose mission this time around is legacy and respect. The President reads every document handed to him, often correcting grammatical mistakes before signing the country up to the contents. So, we can say that yes, stability has been achieved after the races with death we experienced prior to 2025. Resilience is what we aim for now as a country. We need to remain disciplined and reduce losses by State-Owned Enterprises (SOEs), which cost governments approximately $2 billion annually. Quite a number of SOEs must be axed outright, others merged, and still others injected with independent, world-class management to return profit — because they are enterprises, not social care homes. In the meantime, we are grateful for the dexterity of the economic management team, the Governor of the Bank of Ghana, the encouraging progress of GoldBod, and all other functionaries of government who will abide by the honour code of spending within budgets to make Ghana's self-imposed IMF PCI possible.

Earlier today, President John Dramani Mahama assented to the bill establishing the Office for Value for Money. This office will help stop the inflation and padding of contracts, strengthen accountability, and ensure that the Ghanaian taxpayer gets real value for every pesewa spent. The Office for Value for Money will pay for itself through the savings it will generate by reducing wasteful expenditure and improving efficiency in public procurement. Most importantly, it will create fiscal space that can be redirected into critical sectors of the economy, including infrastructure, health, education, and social protection. This is another important step in our efforts to strengthen public financial management, protect public resources, and ensure fiscal discipline.

Dear Hon. @konkrumah My attention has just been drawn to a Facebook post of yours which purports to respond to my submission on yesterday’s edition of the KEYPOINTS show on @tv3_ghana about your deceptive analysis of the 2025 audited financials of the Bank of Ghana (BoG). At the second paragraph of the said Facebook post, a snapshot of which is attached herewith, you claim that that “the BoG recorded a TOTAL LOSS of GHS34.9bn”. But Kojo, was this the claim you made at your press conference of Sunday, 3rd May 2026??? The answer is a big fat NO. Your attempt to justify the falsehoods you peddled about the 2025 audited financial statements of the BoG by shifting the goal post, is rather exposing your dishonesty. Since you will never accept to debate me on this issue on any media platform, for fear of being exposed, as your custom is, I will proceed to respond to you here. Kojo, in your press statement of Sunday, 3rd May, 2026, you stated that: 1. The “TRUE OPERATING LOSS” of the BoG for 2025 was 34.9 billion cedis. No where in your press statement did you say that “total loss” (total comprehensive income) of the BoG for 2025 was 34.9 billion cedis as you are suggesting now. Throughout your press statement you made the point, that the 34.9 billion loss figure you put out, related to “operating loss” of the BoG for 2025. Don’t shift the goal post now Chief. 2. You further stated in your press statement, that the “TOTAL OPERATING LOSS” of the BoG for 2025 was actually 44 billion cedis; a false claim you now appear to have completely abandoned after your voodoo analysis was exposed. Find below a direct quote from the press statement you read and released to the media on Sunday 3rd May, 2026 to refresh your memory. I have also attached a screenshot for ease of reference. “The Government and its spin doctors led by the NDC party officials who did the Press Conference, are trying to convince the people of Ghana that the loss is GHS 15.6 Billion. We regret to tell the people of Ghana that this is not true. The true Operating loss of the Bank is actually GHS 34.9 billion Cedis. And In fact, if you add back the GHS 9.6 billion proceeds from the Gold Sales (which was hurriedly done to reduce the loss as at September) the recalculated loss is actually GHS 44 billion.” “As they always say, the cover up is worse than crime. The attempt to cover up the true operating loss of the bank is what is most troubling. The BOG has employed a combination of artificial revenue recognition on one hand, and clever accounting standards on another hand in their attempt to cover up this loss.” “The proof of this can be found on Page 16 of the Accounts where they report the consolidated income of the Bank. On that page, the bank admits that in addition to the GHS 15.6 billion Headline they have reported, they have also made an additional loss of GHS 19.3 Billion in other comprehensive income. GHS 15.6 + GHS 19.3 = GHS 34.9 (approximately GHS 35 billion). And if you add back the sold Gold it is GHS 44 billion loss.” End of quote. Kojo, I am sure that after reading this quotation of yours, you will accept the fact that you lied to the good people of Ghana about the true OPERATING LOSS of the BoG for the year 2025 and apologize for the voodoo mathematics you engaged in. I maintain that the “operating loss” recorded in the audited financials of the BoG for the year 2025 is GHS15.6 billion. And that, the audited income statement (P&L) is what is relevant in assessing the financial health of the Bank, and not the Other Comprehensive Income statement, that mainly captures unrealized revaluation gains/losses and exchange differences. My brother KON, you lied! Apologize and let’s move on. But if you want to litigate this matter further, stop responding to me on Facebook. You are welcome to select any media platform of your choice and a date and time of your convenience for a debate.

"We showed up every day. We showed up every night." @blacksherif_ KK Rasta !!!! This guyyyyy He deserves the accolades!

Sharing my latest op-ed in the @TheAfricaReport on Ghana’s Next Steps Reparatory Justice conference in June. Hope you enjoy reading it, and see you all in June. The hard work for justice and restitution continues. theafricareport.com/417771/ghana-i…

At the launch of the Ghana Medical Trust Fund (Mahama Cares) last year, President Mahama pledged to donate six months of his salary to the Fund. Subsequently, he encouraged his appointees to donate one month salary each to the Fund. He then ordered appointees who defaulted on his first deadline for Asset declaration to forfeit three months Salary to be donated to the Fund. The Controller and Accountant- General has formally notified Government that he has deducted and transfered a total of GHS 6.1 million to the Fund pursuant to the President's directive. He is currently making arrangements to transfer the final tranche which will cover the Asset declaration defaulters.

Earlier today, I co-chaired a meeting with Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, to advance implementation of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). Our focus is strengthening reserves and supporting a more stable cedi. Under the policy, we are reforming the gold acquisition framework and reinforcing compliance. The engagement was constructive. This is a partnership. Not anti-industry, but pro-country. We were joined by leadership of large-scale mining companies, Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board, and officials from the Minerals Commission.

Frederick is very erudite gentleman! I listened to him on the Cocobod crisis and I was impressed! Kudos to him

And I dare say it one more time; Ghanaian politicians are not the same ; we the citizens must even insist they are not ! Kudos to Hon JJ and the team of engineers and technical people for given us result that matters #MahamaThePresident

@NoahAdamtey You’re welcome, big man 👨

@oevansjunior Thanks, Evans

Congratulations @NoahAdamtey

Couldn’t agree more with you, senior Information gap always give rise to misinformation like this !

Rejoinder: Joy FM’s “Generation Deficit” Claim Is Misleading Joy FM’s assertion that Ghana is experiencing a generation deficit is misleading and does not reflect the operational reality of the power system. The analysis relies on a static snapshot of data and draws sweeping conclusions that ignore how electricity systems actually function. Power supply is dynamic. It is managed in real time to respond to hourly, daily, and seasonal fluctuations in both demand and generation. Interpreting a single moment in time as evidence of a structural deficit is fundamentally flawed. Installed Capacity vs Demand Ghana’s installed generation capacity is just under 6,000 MW, while peak demand is about 4,300–4,400 MW. This clearly indicates that the country is not operating under a structural generation shortfall. System operators continuously manage supply through standard tools such as dispatch optimisation, fuel switching, and reserve deployment. These are normal practices, not signs of a failing system. Temporary Disruptions Are Being Addressed The recent loss of capacity from the Akosombo system was a temporary shock, not evidence of systemic failure. Restoration is already underway, with a significant portion of capacity back online and full recovery expected shortly. Forward Action Is Already in Motion Government has already approved nearly 1,000 MW of new generation capacity and is procuring a 200 MW battery storage system to strengthen grid stability and peak management. In parallel, targeted interventions are underway to resolve distribution bottlenecks. Conclusion Joy FM’s claim of a generation deficit oversimplifies a complex, dynamic system and leads to the wrong conclusion. Ghana does not lack generation capacity. The challenges are known, being addressed, and are largely concentrated in reserve margins and distribution infrastructure, not in an absence of power generation.

“Who am I, O Lord GOD, and what is my house, that you have brought me thus far? When you have an anchor that holds !

I had the honour of visiting @GeorgeOpareAdd2, the Minister for Youth, to present and discuss my upcoming book, The Rise of a Statesman. The work continues. Let's save the date for the launch!

JAY, no-one must have a problem with you expressing your frustrations — the only regret is that you somehow ignore to acknowledged the facts of the current events that are widely published by the ministry and other state agencies, but you’ve right to questions and demands actions

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐜𝐚𝐫𝐞𝐞𝐫 𝐚𝐝𝐯𝐢𝐜𝐞 𝐈 𝐞𝐯𝐞𝐫 𝐫𝐞𝐜𝐞𝐢𝐯𝐞𝐝 𝐰𝐚𝐬 𝐧𝐨𝐭 𝐚𝐛𝐨𝐮𝐭 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐡𝐚𝐫𝐝𝐞𝐫. It was choosing better rooms. 𝐒𝐨𝐦𝐞 𝐫𝐨𝐨𝐦𝐬 𝐜𝐡𝐚𝐧𝐠𝐞 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞. Early in my journey, I thought progress was mostly about effort. Study harder. Work longer. Say yes to more opportunities. Those things matter. But over time, I learned that your environment can shape your ambition and direction in ways you may not notice at first. ➤ Some rooms stretch you. ➤ Some rooms silence you. ➤ Some rooms make you believe bigger things are possible. That is why I now pay attention to where I am learning, who I am learning from, and what kind of thinking the room rewards. —— A good room does three things: → It raises your standard → It exposes you to better questions → It makes growth feel normal This matters more for students, researchers, and early-career professionals. The rooms you enter can change what you think is possible for your life. Sometimes, the next level is not acquiring a new skill. It is a better environment. Happy Saturday

Happy birthday, my good friend and comrade in the struggle. Wishing you good health, strength, and a fulfilling year ahead as you continue your work in service of Ghana. God bless you.

MI MINISTER, The Samuel Nartey George 🫡🇬🇭 The quintessential Bernard Avle said, “ I have been young and now old, I have witnessed few moving speech like this” May God continue to bless his people to know their onions! 🙌 Dzata for a Reason @samgeorgegh 🫡❤️