Sheriff Willy, Author at Ghana Education News

CSOs are Seeking Answers on GHC9m GETFund Arrears.

February 4, 2024 by Sheriff Willy

CSOs are seeking answers on GH9m GETFund arrears.

A collective of over fifty civil society organizations (CSOs) in the field of education, including Africa Education Watch (Eduwatch) and Institute for Education Studies (IFEST), are requesting the release of approximately GHC9 million in budgetary arrears pertaining to the Ghana Education Trust Fund (GETFund), which they allege remain unaccounted for.

They explained that the amount should have been disbursed in 2023 for basic education infrastructure. Therefore, they are requesting the immediate release of the funds.

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

For the fiscal year 2023, the government allocated GH1.87 billion to GETFund, a statutory funding vehicle for the development and maintenance of essential academic facilities and infrastructures. From this, GHC15 million were allocated for the basic level, especially the procurement of desks.

Nonetheless, the Ministry of Finance (MoF) only disbursed GHC6million out of the total GHC15million to the fund, leaving a larger portion, namely GHC9million, unaccounted for.

The Chief School Officers characterized the occurrence as concerning, noting that a significant number of schools are currently without desks for their students as a result of the delay.

Eduwatch Executive Director Kofi Asare stated that with only GH6 million released late in 2023, no desk was purchased from the GETFund allocation in that year, further aggravating the desk shortage.

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The allocation for basic school furniture from the GETFund for the year 2023 has not been fully executed. With only 6 million GH released late in 2023, no desk was purchased from the 2023 GETFund allocation in that year. The Ministry of Education must expedite the procurement of desks for basic schools with an initial allocation of GH6million, he stated.

The absence of desk menace.

According to a recent report by Eduwatch, 2.3 million pupils are deprived of desks in basic schools. A scoping study on the impact of desk deficits in public basic schools estimated that the government would require some GH330 million to address the desk deficit in public basic schools.

This investment is necessary to ensure that the approximately 2.3 million pupils across the primary and junior high school levels have access to learning desks.

Apart from the 33 million required to fill the current desk deficit, about 19 million is needed to provide the 54,800 desks needed each year for growth in pupils’ numbers.

This portrays a bleak outlook regarding the prospects of basic education, particularly in light of the modest allocation of GH15million in 2023, which has yet to be fully disbursed.

Kofi Asare stated that if the current average investment of GH18million in furniture at the basic education level persists, it will take Ghana approximately 18 years to address the desk deficit.

The capping of GETFund.

The Chief Security Officers (CSOs) deemed the financial ministry’s refusal to distribute the total GETFund allocations over the past three years as unacceptable, given that the government has already capped the fund since 2017.

Since 2020, the CSOs have called on the government to remove the cap on the GETFund’s receivables since the restriction denies the statutory funding vehicle for educational projects.

Since 2017, the 25 percent cap on the GETFund has placed undue pressure on the fund and is hindering the development of education infrastructure.

You Left Ghana in Disarray, Akufo-Addo Rebuilt it – Kofi Akpaloo

March 3, 2024February 4, 2024 by Sheriff Willy

Percival Kofi Akpaloo, the leader of the Liberal Party in Ghana, disagree that John Mahama left Ghana in a better state than it is now.

Mahama said he wanted the Akufo-Addo government to have a stronger and better economy, but things have gotten worse after almost eight years in power.

Kofi Akpaloo disagreed with the former president on Asempa FM’s flagship show, Ekosiisen.

Mr. Akpaloo says that things have gotten better under the current administration, Akufo-Addo Rebuilt Ghana.

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Has Akufo-Addo Rebuilt Ghana?

I agree with Mahama that Ghana is not what he intended for us. When he left, there was no Free SHS. When he left, the Kumasi-Accra road, which is being built now, was in a very bad shape.

The situation in Ghana has changed, according to Kofi Akpaloo. Today, go to Adugyama to see the construction of an Agenda 111 Hospital project. Today, every senior high school is full with students who have a lot of facilities provided by this government.

He said that the number of people learning to sew and cut hair has gone down a lot because of the Free SHS program.

During this time, the Kumasi-Obuasi road (Anhweankwanta) was built. Mr. Akpaloo said that Ghana has changed for the better under Akufo-Addo.

He said that Ghana has changed a lot under Akufo-Addo. The Bolgatanga-Bawku road has been built. We made a road from Abirem to Nkawkaw. Ghana has truly changed”

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

He urged Mr. Mahama to stop wishing doom and failure upon this administration as that constitutes political witchcraft.

He asked Mahama to tell Ghanaians what he would add to the massive developments and changes Ghana has seen under the presidency of Nana Addo Dankwa Akufo-Addo in case he is elected as president again.

The General Secretary said the party was currently electing regional and electoral area officers, who would be trained to garner support and votes for the LPG at the polls.

He said it was time Ghanaians rejected the New Patriotic Party (NPP), the National Democratic Congress (NDC) and all other minority parties and give the LPG the chance to govern the country.

“We are the only liberal party in Ghana, and we know what the two parties have done so far, so we are just appealing to Ghana to give us the opportunity as liberals to turn things around for the country.

“We supported the NPP to win the elections but honestly, we all as Ghanaians know the disappointment that has come from the camp of the NPP.

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The NDC has also gotten the opportunity so many times, but they were not able to do anything meaningful to help Ghana.

“We are just promoting liberalism in Ghana, and we think it is now time for all of us to believe that liberals can do better for Ghana,” he said.

Mr Appauh said the LPG would implement a “Child Benefit” programme where the government would give families and mothers with children monthly stipend to ease the burden on parents.

The fees for BECE and WASSCE under Free SHS are free

February 4, 2024 by Sheriff Willy

The Minister for Education has announced that the fees for BECE and WASSCE are free under the Free Fees for School Examinations program. This means that the BECE and WASSCE examinations, which are conducted by the West African Examinations Council (WAEC) for final-year students in government Junior and Senior High Schools, are free.

Under the Free Senior High School policy, the education minister, Dr Yaw Osei Adutwum, says that all registration and other examination costs used to be incurred by the parents of candidates have been absorbed by the government.

The Minister of Education and Bosomtwe Member of Parliament said in the interview that the central government’s absorption of the BECE and WASSCE fees forms part of an effort to ensure quality education.

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The examinations conducted by the West African Examinations Council (WAEC) under the Free Senior High School (Free SHS) program are free, while BECE is also free and WASSCE is also free, as stated by the Minister in Charge of Education on the Dwaso Nsem show on Adom FM.

Dr. Adutwum expressed his opinion regarding the conduct of the upcoming examinations, stating that his organization, in collaboration with the non-profit organization (WAEC), will randomly select questions for the 2024 national and international examinations.

The Minister of Education has informed that prospective candidates in the country who intend to participate in any of the West Africa Examinations Council (WAEC) School examinations may soon be required to answer diverse questions on identical subjects.

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

Honourable Adutwum indicated the new strategy is part of several measures put in place by the Council responsible for the conduct of BECE and WASSCE to curb examination malpractices at every level, particularly in the exam hall.

In a related development, Africa Education Watch (EduWatch) has said some public heads of Senior High Schools are demanding registration fees for the 2024 West African Senior School Certificate Examination (WASSCE) candidates.

Despite the government’s absorption of the 2024 WASSCE registration fees, the Director of EduWatch in a social media post said some second-cycle schools allegedly are levying students up to GH₵700 for the International examination.

“This year, the government is spending about GH₵170 million on WASSCE Registration, including written, oral and practical papers under free SHS. Meanwhile, some SHS are allegedly demanding up to GHC 700 for WASSCE,” he said.e SHS are free – MoE

76% Of Men Are Unaware Of Their HIV Status – GSS

March 10, 2024February 2, 2024 by Sheriff Willy

The Ghana Statistical Service found out that 76% of men in Ghana who are between 15 and 49 years old don’t know if they have HIV.

The Ghana Demographic and Health Survey, conducted by the Ghana Statistical Service, revealed alarming figures regarding HIV awareness and prevention among men aged 15 to 49.

The figures show that a substantial 76 percent of men in this age group are unaware of their HIV status.

Furthermore, only 28% of respondents reported using condoms during sexual encounters with non-habiting partners.

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

In contrast, women in the same age bracket exhibited higher awareness levels, with approximately 54% undergoing HIV testing, and 11% using condoms during sexual activities with non-cohabiting partners.

The Acting Director of Demography at the Ghana Statistical Service, Godwin Odei Gyebi, emphasized the importance of men taking a more proactive role in knowing their HIV status.

12% of women and 28% of men said they use a condom.

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The proportion of people who have tested positive for HIV and received their results is higher for women than for men.

As far as women are concerned, men are not doing well. The last 12 months saw 15 percent of women and 7 percent of men undergo HIV testing and receive their results.

The poll revealed that nearly eighty percent of Ghanaians harbor negative views towards people living with HIV.

74% of women who have heard about HIV won’t buy from a shopkeeper who has HIV, and 66% of men will also not buy fresh vegetables from someone who has HIV positive..

Meet Prophet Isaiah Macwealth, Gospel Pillars Int’l Church

March 4, 2024February 1, 2024 by Sheriff Willy

A man of God Prophet Isaiah Macwealth with so much depth, insight and revelation. He carries a strong prophetic and apostolic mantle of God on his life. There are different dimensions of God’s grace at work in his life and ministry.

Prophet Isaiah Macwealth is operating freely in the five fold ministry by the instrumentality of election and grace.

His prior passion for the salvation of souls is an indication of an evangelistic grace at work in him. He has put up several crusades beyond the church building for the sake of plundering hell to populate heaven with harvest of souls.

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Prophet Isaiah Macwealth is a teacher per excellence, simplfying the word of God. He has been used by God to give national, continental and global prophecies that were confirmed at their appropriate time. God receiving the glory.

His meetings were accompanied with deep worship, strategic prayers, high praise, word insight, prophetic declarations, encounters, prophecy and confirmation, deliverances etc. Prophet Isaiah Macwealth teachings are depth full of revelation, copied from nowhere but from heaven.

He is also a full time philanthropist. Recently Prophet Isaiah Macwealth opened a Food Bank Launch for the people, after remodeling the formal Gospel Pillars Int’l Church to the latest Ark of Light to all Nations.

The remodeling took just four(4) months to the Glory of God, all was set and opened for the G3 conference which happened on the 11th November 2023, at 11 Plot Kudirat, Alausa Road (11 month on the 11 day, on the 11 plot), the Ark of Light of all Nations is a prove that God really speaks through the man of God, Prophet Isaiah Macwealth.

He has written more than 100 books in a year full of teaching, some of the books:
– – – – – – – – – – – – – – – – –
Small books

1. Fasting for Breakthrough –
2. Geography of Prosperity-
3. Prospering by the Blessing.
4. Mystery of Spiritual Fatherhood
5. Rediscovering Fellowship and Devotion
6. Enjoying Divine Health
7. The Ministry of Prayer
8. How to Release the Healing Power of God.
9. Retaining the Healing You Have Received
10. Serving in Love
11. Understanding Prayers
12. Burning for the Lord –
13. Recognising the Voice of God
14. Your Mind, Your Prosperity
15. The Language of the Prophetic
16. The Mystery of Thanksgiving:

BIG BOOKS

17. Witnessing : Study Course Series
18. Courtfare: Advanced Prayer Series

Reaching out and impacting lives in every way possible.

He Is The President at The International Christian Association of Ministers(ICAM). Founder; Gospel Pillars Ministry.

We Celebrate The Grace Of God Upon Prophet Isaiah Macwealth.

A Man is in Trouble Because of a Job Scam for GHC203,000

January 31, 2024 by Sheriff Willy

The Circuit Court in Accra has remanded Iddrisu Suka in police custody for his alleged involvement in a job scam.

The court presided over by Mrs Samuel Bright Acquah issued a bench warrant for Sukaon’s arrest on June 19, 2023.

The first accused, Dorcas Nartey, 28, a 28-year-old unemployed woman who had earlier appeared before the court, is currently free on bail of GHC200,000.

READ: How to get your Banned WhatsApp Account Restored in 72 Hours (Based on Experience)

Dorcas and Suka are said to have nabbed Gh.203,000 from 32 potential applicants, who were interested in joining the security forces.

The accused, who have been jointly charged with conspiracy to commit crimes, have denied the charges.

The chief superintendent of police, Augustine Yirenkyi, revealed that the complainant, Alex Mensah Twumasi, was a member of the assembly for Accra Newtown, and Dorcas was unemployed, hailing from Gbawe, Accra.

The prosecution claims that Docas told the complainant that she had ‘protocol connections’ at the Jubilee House.

Docas asked the complainant to give her GH203,000 to secure 32 potential applicants for recruitment into any of the security services – the Ghana Police Service, the Ghana Immigration Service, the Ghana Customs and the Ghana National Fire Service.

GH203,000 was paid by the complainant to Dorcas, but she was unable to fulfill her promise and played hide and seek with the complainant, according to the prosecution.

The chief insp Yirenkyi said the complainant contacted the authorities, and Dorcas was taken into custody.

The court heard that Dorcas, in a cautionary statement, acknowledged receiving GH203,000 to secure a position in the various security services for potential applicants, and that she (Dorcas) gave the money to Suka (now fugitive).

Chief Insp. Yirenkyi said Dorcas claimed Suka worked at the Jubilee House and he could help her secure a job for the 32 potential applicants, but he failed.

According to the prosecution, Dorcas pledged to reimburse the sum (GH203,000) to the complainant, but she failed to do so.

The court appearance of Dorcasis is scheduled for February 5, 2024. GNA is here.

Mahama slams LGBTQ+ people

January 31, 2024 by Sheriff Willy

The leader of the National Democratic Congress (NDC), John Mahama, has asserted and articulated his position on transgender activities in Ghana.

He voiced opposition to issues related to people who identify as LGBTQ+ and supported the proposed legislation regarding sexual liberties and Ghanaian family values.

The man, John Mahama a member of the Assemblies of God Church, stressed that his faith forbids such deeds. Mahama slams LGBTQ+

He vehemently expressed his disapproval of the practice of homosexuality.

READ: How to get your Banned WhatsApp Account Restored in 72 Hours (Based on Experience)

The president’s administration has indicated that the anti-LGBTQ+ bill currently before the legislature won’t be enacted, according to him.

I’m against the LGBTQ. Mahama slams LGBTQ+, my faith is against the Assemblies of God Church, even though I’m a member. My faith does not allow a man to marry a woman and a woman to marry a man. The government’s position on the anti-LGBTQ+ bill currently before the legislature indicates that President Akufo-Addo won’t sign it into law when it’s passed.

This was made known by the former president during an address to Zongo chiefs in Koforidua.

The Electoral Commission’s proposal to change the voting date from December to November raised his concerns.

Mahama thinks the fresh ideas could stoke doubts about the fairness of the elections.

The Election Commission has suggested changing the voting date from December 7 to November 7. It has also indicated that it will not use indelible ink for the upcoming presidential and parliamentary elections.

Mr Mahama questioned why the EC waited until eight months before the polls to propose such significant reforms, as he said the proposed changes could lead to chaos if not executed effectively.

In order to maintain the credibility of the electoral process, he stressed the need for transparency and careful consideration.

‘This is not the Ghana I handed over to Akufo-Addo’ – Mahama

March 3, 2024January 30, 2024 by Sheriff Willy

John Dramani Mahama, the flag bearer of the National Democratic Congress (NDC), has criticized President Nana Akufo-Addo for mismanaging the affairs of the country and neglecting the Asuogyaman Constituency.

Mahama expressed his concern about the current state of Ghana during his Building Ghana Tour in the Eastern Region, stating, “My brothers, when I look at the state of Ghana today, this isn’t the country I handed over to Nana Akufo-Addo on January 7, 2017.” The nation has collapsed.

The country has been sucked into debt. No developmental project has been done since they came into power, taking your community as an example.

The current government’s leadership is accused of denying the people of Asuogyaman and other regions access to development projects.

The issue of premix and outboard motor distribution to fishermen at landing beaches was brought up by Mahama, who accused the government of politicizing the process.

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If he’s re-elected, he’s going to put in place the right stuff to make sure the premix gets distributed to the folks who catch fish.

When the NDC was in power, proper measures were taken to assist fishermen in establishing landing beach committees, where Premix was given to the committee to distribute to the fishermen. Now, the narrative has changed. Politicians are now in charge of the premix, which affects the works of fishermen. When we were elected into power, we promised to change it.

Furthermore, Mahama committed to redeveloping the Juapong textiles plant to combat youth unemployment. He recalled the efficiency of the plant during his previous tenure and pledged to restart its operations.

We’ve been in power before, so you can see how things went when the NDC was in power. We’re in an election year, and we’re running again. Likewise, we all know that if you get power, you’re supposed to serve the people, and you have to know what the people want to do about it.

Mahama ended by promising to revive the Juapong textiles and other industries to provide employment opportunities for the youth when elected to power.

Communities and the NDC’s vision for addressing developmental challenges in various sectors were emphasized during the Eastern Region tour.

15 Common Drugs Ghanaians Abuse, Their Side Effects

March 10, 2024January 30, 2024 by Sheriff Willy

15 Common Drugs Ghanaians Abuse and Their Side Effects and Dangers

Drug use goes beyond the realm of street drugs. The most commonly used drugs in the Ghana are legal medicines, which can be found in stores and on prescription. But some can get really addictive and even deadly if they’re not used properly.

Drugs are well packaged, crafted marked made Indonesia, China, etc. and sold in our pharmacies, but the right origin is someone’s uncertified, unverified pharmaceutics drugs producer.

Make sure your loved ones are safe. after a medicine has been prescribe and bought thinking of saving the person, but still pass on. because it was just a well packaged powder not the right medicine.

This guide will assist you in identifying some frequently misapplied medications. All pills and tablets aren’t shown because they come in different forms. The scale of the drug pictures is off.

1. DICLOFENAC

A lot of people pop these pills for pains, menstrual pains, and bone pains, the so-called “RHEUMATISM”

Dangers

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In the long run, Diclofenac use can cause:
Ulcers
Internal bleeding
Heart attack
Stroke in the Brain
Liver damage
Kidney damage

2. POSTINOR

This is now like TomTom in people’s purses and bags.
A common oral contraceptive used by sexually active women to prevent pregnancy

When misused, it can cause:

Abnormal menstruation
Painful menses
Bleeding
Hair loss
Headache
Increased chances of breast cancer.

3. FELVIN

The drug is Piroxicam. It belongs to a class called NSAIDs (just like Diclofenac)
It is used during menstruation for menstrual pains by a lot of women

️ Misuse can cause
– Ulcer
-Hypertension
-Hearing problem
-Kidney damage
Problems with the Pancreas
-Liver damage.

4. COUGH SYRUP

You will wonder why cough syrups are a bestseller in pharmacies, especially the ones with Codeine.
Has various constituents, but a lot of people take it like Fanta & mix in drinks

Some dangers:

Psychiatry problems like hallucinations and delusions
-Addiction
– sudden death

5. IBUPROFEN

Common pain meds are taken by a lot of people.
This is among the Common drugs elderly use when they say they have “Rheumatism”

Misuse can cause

-Internal bleeding
-Hypertension
-Heart attack
It can trigger an asthmatic attack
-Kidney failure
Increases your risk of Abortion (controversial)

6. COFFEE

Coffee contains caffeine. It has become like daily water for some people.
Executives, students & anyone who wants to stay alert have experimented

Long-term use can cause:

– hypertension
– sleep problems
Anxiety
Headache
Abnormal beating of the heart
Not safe in pregnancy

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

7. TETRACYCLINE

Common drugs, this one is Doxycycline, a lot of people admitted to using it for ‘toilet infection'(so called) and abortion

Misuse can cause:

-Liver damage
-Skin problems
-Hearing problem
It crosses the Placenta and damages the baby’s bone and teeth
A No No if you’re pregnant.

8. VITAMIN C

It might look like that small orange pill or sweet white pills. It is like chewing gum for some people

Some dangers:

Excess and overdose of it can increase your chances of having a kidney stone, which can damage the kidneys.
Especially when one has a background kidney problem.

9. PARACETAMOL

One of the most available painkillers, with Ghc1, you can get it.
Some people even use it in cooking meat to make meat tender. So wrong. those common drugs are made in non appropriate environment, and have been mix with the recommended ones.

When Paracetamol is overused, it can cause:

Liver damage
Kidney damage.
Careful with paracetamol in children

10. FLAGYL

This common drug is one of the most abused antibiotics. People pop it like candy bars. Any small diarrhea

Some side effects if abused

– can reduce the blood cells count
– can damage the brain and nerves
Not the best safe early in pregnancy
controversial link to Cancer in Animals.

11. ALABUKUN

Powder contains aspirin and caffeine. This type of common drugs, a lot of people use it for pain relief, especially bricklayers and heavy-duty workers

Some Dangers if abused

-Ulcers
-Bleeding
-Liver damage
-Kidney damage
Heart attack
Hypertension.
Abusing these common drugs could even cause bleed to death

12. AMPICLOX

It contains ampicillin and Cloxacillin. It is now a drug people run to ‘flush’ their system after sex, abortion, or treating so-called Toilet infections

Dangers

Dangerous in people with penicillin allergy.(Bad reactions)
– Seizures
Damage the muscles
Kidney problems.

13. CYPROHEPTADINE

Common brand is Cypri Gold. People have abused it because it can stimulate appetite in a bid to gain weight.

Dangers

Can affect blood cells
Damage the liver
Cause poor sleep
Abnormal hand shaking
Ringing in ears
Mess your menses up
Low blood pressure.

14. LEXOTHAN

One of the most abused drugs by Nigerians in a bid to get good sleep. It sedates

Dangers of abuse

It can be addictive
Dizziness and memory problem,
Reduce libido,
Liver damage,
Stopping it suddenly after long abuse is also dangerous. (See a Doctor to guide you)

15. TRAMADOL Drug

Tramadol is a common dug that meants to be a tightly regulated drug, but sadly, in Nigeria, even with 50 naira, you can get it on the streets

Dangers

Addiction can cut off your breathing
Seizures
Seeing things not there, Headache, Anxiety.

Kindly take note, please, leave a comment. Let’s know if you have any additional information. Let’s all help !

The Bank of Ghana has cut the policy rate to 29.0%

January 29, 2024 by Sheriff Willy

The Monetary Policy Committee of the Bank of Ghana has lowered its lending rate from 30% to 29.0%

The Chairman of the Committee, Dr Ernest Addison, made this known during its 116th meeting on January 29, 2024.

The decision was taken following a steady decline in inflation, from 54.0% in December 2022 to 23.4% in December 2023, despite the inherent dangers.

“The latest forecast suggests that the disinflation process will continue, and headline inflation is expected to ease to around 13-17% by the end of 2024 before gradually trending back to within the medium-term target range of 6-10% by 2025. These forecasts notwithstanding, there are upside risks to the inflation outlook, and there is a need for strict implementation of the 2024 budget and a tight monetary policy stance to sustain the disinflation process”.

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

Dr Addison Chairman of teh Bank of Ghana explained that several factors had supported the disinflation process, including the tightening monetary policy stance throughout 2023, favourable international crude oil prices which led to stable ex-pump prices and transportation costs, and relative stability in the exchange rate.

“The latest forecast suggests that the disinflation process will continue, and headline inflation is expected to ease to around 13 and 17 per cent by the end of 2024 before gradually trending back to within the medium-term target range of 6-10 per cent by 2025,” he said.

The Governor, however, noted that there could be upside risks to the inflation outlook, hence, the need for strict implementation of the 2024 budget and a tight monetary policy stance to sustain the disinflation process.

In the banking sector, Dr Addison stated that the bank’s liquidity and profitability positions had improved in the aftermath of the domestic debt restructuring.

“It is expected that early recapitalisation and effective risk management by banks will help promote overall banking sector stability and resilience and ensure effective financial intermediation to strengthen the economic recovery efforts,” he said.

The policy rate is a key tool for checking inflation and enabling a positive effect on the cost of borrowing in the country.

The Ghana National Chamber of Commerce and Industry (GNCCI) advocated a reduction in the policy rate to bolster business growth amidst rising borrowing costs.

READ: Free SHS is expensive – Parents bemoan as over 137,000 students fail to report to school due to lack of funds

On the domestic economy, the Governor said there were clear indications that the current macroeconomic framework being implemented with the support of the International Monetary Fund (IMF) programme yielded positive results, adding that the macroeconomic fundamentals have all trended in the right direction.

Overall, the MPC noted that global growth had remained relatively subdued in 2023, while the ease in global inflation had triggered a pause in monetary policy tightening across key economies.

Speaking about domestic macroeconomic conditions, he indicated that there had been a gradual recovery in economic activity, due to the positive results of the International Monetary Fund (IMF) Extended Credit Facility (ECF) programme.

“Growth, however, remains below potential, requiring policy support, including help from the supply side,” he said.