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Parliament Approves US$20 Million To Support Rural Livelihood

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Parliament has approved US$20 million Financing Agreement between the Government of Ghana and the International Fund for Agricultural Development (IFAD) to finance the Emergency Support to Rural Livelihood and Food Systems (ESRF).

The ESRF was established as one of government’s response to the COVID-19 pandemic with a primary goal to protect the livelihood, incomes, and resilience of target groups from the impact of the COVID-19 pandemic and from climate change.

The terms of the loan are: the total amount of US$20 million made up of a Loan Facility of US$10 million and Blend of US$10 million. The interest rate on loan is zero percent while that on Blend is 1.3 percent, Service charge on Loan is 1.31 percent whereas that on Blend is 1.33 percent. The Moratorium on Loan is 10 years whilst Blend is 5 years.

The repayment period for the loan is 40 years whereas the Blend is 20years and the Grant Element of the Loan is 50.24 per cent whilst the Blend is 24.14 per cent, with a Weighted Grant Element of 37.19 percent.

Dr Mark Assibey-Yeboah, Chairman of the Finance Committee of Parliament, presenting the committee’s report, observed that the outbreak of the COVID-19 pandemic and its ravaging effect on global economies including Ghana had adversely impacted agriculture, particularly food security.

To mitigate the impact of COVID-19 and avert the possibility of a food security crisis, there is the need to strengthen Ghana’s food systems and ensure a more inclusive, resilient and productive rural economy, he said.

The Chairman announced therefore that the Government of Ghana was seeking to access emergency funding support from IFAD to finance the implementation of the ESRF.

Dr Assibey-Yeboah explained that Component One of the project “which is to protect against hunger and build resilient livelihood was allocated US$17,636,000. This is to provide 37,250 beneficiaries with timely access to inputs (seeds, fertilizers, etc) to increase production, support 5,000 vulnerable beneficiaries with direct cash transfer and rations to overcome hunger and prevent nutritional gaps.”

He said component two of programme which dealt with safeguarding rural marketing linkages and food security was allocated US$1,679,000. This would provide stimulus to the agribusinesses to develop marketing linkages with 25,000 smallholders, ensuring that these smallholders had secured income and cash availability after harvest or production.

According to the Chairman, Component 3 of the programme which dealt with Project Management, Monitoring and Evaluation, was allocated US$685,000. This would be undertaken through the Project Coordination Unit (PCU) and Zonal Coordination Unit (ZCU).

Dr Rashid Pelpuo, Member of Parliament (NDC) for Wa Central, said life should go on despite the challenges posed by COVID-19 pandemic especially with commitment to agriculture and food security.

He however expressed concern that despite the country receiving US$1billion Rapid Credit Assistance from the IMF, the House approving US$100 million from the World Bank and GH¢10 billion from the Bank of Ghana and now US$20 million, the House was yet to see any accountability report on the funds.

“I Speaker, I do not know what we are doing with these monies we are amassing and I have a feeling that we are not doing the right thing. If we have taken all these monies yet we are not producing results or report as to how the money was spent,” Dr Pelpuo said.

“I think that we should not indebt this country in the name of COVID,” he added.

 

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Video of NPP And NDC Campaign Teams Allegedly Fighting In James Town Goes Viral

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A video that has stormed social media has both NPP and NDC campaign team clad in party colours involved in a bottle fight has gone viral.

According to Instagram blog thosecalledceleb, the event took place at James Town in Accra.

The said men captured in the video were seen chasing one another and some also throwing stones and bottles at each other. The exact cause of the fight is yet to be known.

WATCH VIDEO BELOW;

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NPP and NDC Supporters Clash at Accra Jamestown. A peace walk by supporters of the New Patriotic Party (NPP) and National Democratic Congress (NDC) turned violent in Jamestown in the Odododiodio constituency this morning, Sunday October 25, 2020. . According to sources, the fight was intense on the ‘Atta Mills Highway’ at a popular junction known as ‘One Way’. . It is not clear what spark the supporters of incumbent NDC MP, Nii Lante Vanderpuye and NPP’s Nii Lante Bannerman to start violent exchanges. . The police say both parties have written their statements about what started the violence. So far, the number of injured or possible fatalities is yet to be confirmed.

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Nana Akufo-Addo Will Not Live To Celebrate His Victory In December – Odifour Kwabena Tawiah Says (Video)

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Many prophecies have been heard on the coming Presidential elections. It gets worse as the date draws nearer.

A Ghanaian Prophet, Odifour Kwabena Tawiah has stated that President Akufo -Addo will not live to see his re-election after the December 7 election.

The self styled man of God said in a video addressed to the office of the resident that some allies and close confidants have planned to strike him with sickness and that will be the end of the NPP flag-bearer.

He added that the President will win the elections come December but not survive the sickness and will never get the chance to assume his seat for the second term.

Watch him speak below.

 

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A Plus Defends Akufo-Addo’s Daughters Amid Sammy Gyamfi’s Corruption Allegations

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Musician and Political activist, Kwame A Plus has defended the daughters of President Akufo-Addo after the National Communications Officer of the NDC, Sammy Gyamfi accused them of using their father’s name and influence to siphon money.

Sammy Gyamfi, yesterday on the NDC’s sponsored Programme on UTV accused the President’s daughters of using their father’s influence to collect money from state agencies and corporations in the name of their foundation.

However, General Manager of Class Media Group, A Plus believes the NDC communications officer’s accusations are unfair considering the amount of support the President’s daughters have offered to needy and vulnerable persons through their foundation.

A Plus however stated that this is the same thing the NPP did to Mr Ibrahim Mahama, brother of former President John Mahama during the previous administration.

 

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