ADVERTISEMENT

Tuesday, September 8, 2026

Login
Register

The Ghanaian Standard

No Result

View All Result

No Result

View All Result

The Ghanaian Standard

No Result

View All Result

Home Category Business

Business

Get the latest business news in Ghana from The Ghanaian Standard

US Donates $4 Million in Military Equipment to Ghana Armed Forces

US Donates $4 Million in Military Equipment to Ghana Armed Forces

The United States has donated $4 million worth of military equipment to the Ghana Armed Forces to strengthen the country's...

Public Transport

Transport unions, government to discuss proposed 30% fare increase

Transport operators are set to meet the Ministry of Transport on Tuesday, July 28, to discuss a proposed 30 per...

Korea Week 2026 celebrates growing Ghana–South Korea cultural ties

Korea Week 2026 celebrates growing Ghana–South Korea cultural ties

The growing popularity of Korean culture in Ghana took centre stage at the 2026 Korea Week festival, held at the...

IMF projects global growth at 3% in 2026 amid Middle East war and AI boom

IMF approves final review of Ghana’s ECF programme

The Executive Board of the International Monetary Fund (IMF) has approved the final review of Ghana's US$3 billion Extended Credit...

ICU-Ghana Protests Alleged Sale of VALCO

ICU-Ghana Protests Alleged Sale of VALCO

The Industrial and Commercial Workers' Union (ICU)-Ghana has staged a protest against the alleged sale of the Volta Aluminium Company...

ORAL cases, 5to10 major prosecutions at advanced stage Deputy Attorney-General

ORAL cases: 5–10 major prosecutions at advanced stage – Deputy Attorney-General

The Deputy Attorney-General and Minister for Justice, Dr Justice Srem-Sai, has disclosed that between five and ten major cases arising...

IERPP

IERPP urges government to disclose full debt position after mid-year budget

The Institute for Economic Research and Public Policy (IERPP) has called on the government to provide fuller disclosure of Ghana's...

# Minority questions government's explanation on frozen contingency fund for flood response The Ranking Member on Parliament's Works and Housing Committee, Martin Adjei Mensah Korsah, has questioned the Finance Minister's explanation that a court order freezing Ghana's constitutional contingency fund prevented government from accessing emergency resources to respond to recent flooding in Accra. According to the Suame Member of Parliament, the explanation is surprising and appears inconsistent with earlier assurances given by government regarding its emergency response to the floods. His comments follow the presentation of the 2026 Mid-Year Budget Review by the Minister for Finance, Dr Cassiel Ato Forson, who disclosed that government's efforts to access the constitutional contingency fund had been frustrated because the account had been garnisheed under a court order. The Finance Minister described the contingency fund as Ghana's only constitutionally established emergency fund and expressed concern that its unavailability had limited government's ability to respond swiftly to disasters. Speaking on JoyNews' *The Pulse*, Mr Mensah Korsah questioned how Cabinet could have approved emergency flood interventions without being aware that the contingency fund was legally inaccessible. "That's quite a big surprise. The aftermath of the rains and the subsequent overwhelming flooding that we saw, every step that the government took, we in Parliament were made to believe, was as a result of a government emergency response born out of Cabinet deliberations," he said. He argued that if Cabinet had authorised the interventions, it was difficult to understand how ministers, particularly the Attorney-General as government's chief legal adviser, were unaware of the court order affecting the fund. "If the Cabinet of Ghana could convene and brainstorm on measures to mitigate subsequent floods and decided to assess money from the contingency fund and it never occurred to Cabinet, of which the chief legal advisor to the President, Attorney-General, is a member, and they did not know that the contingency fund had a garnishee order, then it's quite strange. Absolutely strange," he stated. Mr Mensah Korsah said the development raises concerns about coordination among government ministries and agencies responsible for disaster management. "I don't even know then how these agencies or departments or ministries of government are coordinating to work," he said, adding that the explanation suggested a lack of synergy within government. He further maintained that the Attorney-General's presence in Cabinet should have ensured ministers were fully informed about the legal status of the contingency fund before announcing emergency measures. "There is no way the Attorney-General who sits in Cabinet, chief legal advisor, wouldn't have known the state of this contingency fund. And for you to have come to the Parliament of Ghana, spoken to the whole country, outlined these measures only for us to be told that you went and you couldn't access the money. How are you working as a government?" he asked. ### GARID project The Ranking Member also rejected claims by the Finance Minister that the previous Akufo-Addo administration had mismanaged the Greater Accra Resilient and Integrated Development (GARID) Project. He described the allegations as "complete falsehoods" and accused government officials of presenting conflicting accounts in public and before Parliament. According to him, World Bank implementation reports issued in September 2024 and May 2025 did not identify any misuse of project funds by the previous administration. "At nowhere does the World Bank find any wrongdoing or misuse of money. No, you don't find it anywhere," he said. Instead, he argued that the reports pointed to delays by the Ministry of Finance in releasing funds needed for implementation of the flood mitigation project. "One would have thought that the Finance Ministry would eat a humble pie and get to fix this problem. Rather, when the World Bank report indicts them for sitting on money and not releasing funds for GARID to be completed, they rather turn their backs on propaganda," he stated. Mr Mensah Korsah also disclosed that during a recent meeting of Parliament's Works and Housing Committee involving officials from the Ministries of Finance, Works and Housing, and Sanitation, no allegations of financial impropriety concerning the GARID project were raised. He explained that discussions focused on consultant payments under the World Bank-funded programme, noting that project components cannot be altered without the lender's approval because of the strict implementation framework governing World Bank-financed projects. The debate over government's flood response has intensified following the recent floods in parts of Accra, with renewed calls for improved drainage infrastructure, timely release of project funds and stronger coordination among institutions responsible for disaster prevention and emergency response.

Minority questions government’s explanation on frozen contingency fund for flood response

The Ranking Member on Parliament's Works and Housing Committee, Martin Adjei Mensah Korsah, has questioned the Finance Minister's explanation that...

Mahama urges African leaders to accelerate local pharmaceutical manufacturing

President Mahama urges African leaders to accelerate local pharmaceutical manufacturing

President John Dramani Mahama has called on African leaders to intensify efforts to build a strong pharmaceutical manufacturing industry, saying...

GoldBod rejects Minority's claims of financial losses

GoldBod rejects Minority’s claims of financial losses

The Acting Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has dismissed claims by the Minority in...

The Ghanaian Standard

The Ghanaian Standard is an independent news media platfrom trusted by Ghanaian worldwide for breaking news coverage of Ghanaian politcs, business, social, legal, crime news and opinion essays. We are baed in Accra, Ghana

Contact

Soursop St GS-0750-8619, Iron City-Amanfrom, Ga South, Accra – Ghana

Phone: 233 55 091 9202
Email: contact@ghstandard.com

Follow Us

© 2025 The Ghanaian Standard - Breaking news in Ghana today | Designed by EnspireFX Websites | Powered by StellerHost

No Result

View All Result

Login
Sign Up

© 2025 The Ghanaian Standard - Breaking news in Ghana today | Designed by EnspireFX Websites | Powered by StellerHost