Audio By Carbonatix
Chairman of the NPP Policy Co-ordination Committee, Kojo Oppong Nkrumah, has questioned the credibility of the government's claims on job creation and public spending ahead of Thursday's Mid-Year Budget Review, arguing that several announcements have not been matched by actual implementation.
Addressing a press conference on Wednesday, July 22, he inquired about the government's employment claims under the 24-Hour Economy policy.
According to him, while the programme promises to create 1.7 million jobs and has a direct allocation of GH¢110 million in 2026, the approximately 160,000 jobs announced so far are linked to newly signed Memoranda of Understanding (MoUs) rather than projects that are already operational.
"The jobs announced are attached to newly signed MoUs, not operating projects, and the totals lean on multipliers of one to four. A memorandum of understanding is not a payslip."
He also noted that there is a growing gap between government announcements and the actual release of funds.
He cited the agriculture sector, where the Ministry of Finance announced in June that it had released more than GH¢1.6 billion. However, he said officials at the Ministry of Food and Agriculture put the authorised amount at GH¢910 million, with actual disbursements close to GH¢453 million.
Mr Oppong Nkrumah also referenced Right to Information (RTI) reports indicating that between 76 and 90 percent of road contracts under the government's Big Push programme, valued at more than GH¢70 billion, were sole-sourced.
He further noted that despite assurances that financing would not be a challenge, capital expenditure stood at 58 percent of its target during the same quarter.
"When announcements and cash releases tell two different stories, the cash tells the truth," he said.
Mr Oppong Nkrumah also cited the cocoa sector, stating that although a producer price of GH¢41,392 per tonne was announced in February, farmers reportedly remained unpaid in March despite a pledged disbursement of $337 million.
He said the Mid-Year Budget Review should provide clarity on the implementation of government programmes and ensure that public announcements are backed by actual results.
Latest Stories
-
Rapid urban expansion outpacing Ghana’s electricity infrastructure – Electrical engineer warns
16 minutes -
Common Fund must not be used to finance Accra waste management, residents must pay – Ayariga
19 minutes -
Palm oil should not be used to induce vomiting
20 minutes -
Nearly 3 out of 4 women give birth without a trained professional in Sene East
26 minutes -
PRURide 2026: Elite race set for September 6
28 minutes -
Forms Capital empowers young Ghanaian innovators to reimagine the future of finance at Hack54 2026
30 minutes -
Recovering ECG’s losses could strengthen power sector without tariff increases – Ing. Quaye-Larbi
32 minutes -
Local Government Minister declares war on indiscipline over sanitation rates
32 minutes -
OSP is becoming a nuisance and has exceeded its mandate—Kwadwo Poku
33 minutes -
Gold contributed only $1.30 to every $100 added to Ghana’s reserves in 2025 – NPP claims
34 minutes -
Mahama demands protection of civilians, unhindered aid access in Gaza
36 minutes -
Mahama holds bilateral talks with Serbian President Vučić in Belgrade
37 minutes -
NPP demands publication of foreign gold buyers, contracts and discounts
41 minutes -
Non-interest finance is for everyone: IFRIG supports BoG’s inclusive financial agenda
47 minutes -
One Africa Securities secures landmark admission into BoG, SEC’s regulatory sandboxes
49 minutes