Skip to main content

IMF models are necessary, but not sufficient-Dasebre Oti Boateng



By: Fred Yaw Sarpong

The Omanhene of the New Juaben Traditional Area, Dasebre Professor Emeritus Oti Boateng has stated that the economic models and solutions of the International Monetary Fund (IMF) are necessary for Ghana, but statistically they are not sufficient for the country.

Supporting the home grown efforts proposed by government to solve Ghana's economic challenges, the Emeritus Statistician said  the nation needs sufficiency model which must come from the communities themselves and indigenously germinated.

"We cannot go any other way except it is home grown. I am glad the Senchi accord has a consensus on home grown development model," said Dasebre Oti Boateng.

The New Juaben Omanhene said this when members of the Institute of Financial and Economic Journalists (IFEJ) called on him at the New Juaben Secretariat Board at Koforidua in the Eastern Region of Ghana.

Dasebre Dr. Oti Boateng said it is important to empower communities as far as the development of this country is concerned. "So if we want real development, it is the people within the community," he noted.
He hailed the recently held National Economic Forum,  saying that taking  ideas and opinions from various stakeholders into considerstion is the best way to move this country forward.

"If you don’t consider the inter-dependency of the several parts, it will go bad," he added. 

"When you have the whole country with communities and traditional areas, the traditional areas or the district assemblies formed entities within the area, and the development of the area depends on these entities and their people," he emphasized.

He indicated that it is only when an entity is inter-dependent on its several parts that you can take action to tackle the several issues that confront the country". He explained that building a nation needs collective efforts from all the citizens but not a particular set of people.

He announced that he has developed a development model which he will officially launch on November 1, 2014, during the celebration of the Akwantu Kesie festival.

The IFEJ in partnership with GIZ was in the region to train over 40 financial journalists on extractive industries at the  Mac-Dic Hotel in Koforidua.
The 5-day training program, which started on Thursday 15th May, 2014 ended on Monday 19th May, 2014.


Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong
sarpong007@gmail.com

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…