Presidential Aide, Dr. Sammy Ayeh has stated that over the past year, the government has not only strengthened Ghana’s economy but also revived state institutions that were previously on the brink of collapse.
Citing specific examples on Onua FM’s Yen Nsempa morning show on Janauary 13, he said: “Over an eight-year period, the NPP changed seven Managing Directors at Tema Oil Refinery (TOR), leaving the refinery burdened with huge debts. Today, TOR has resumed production and is generating revenue for the benefit of the state.”
He further highlighted that the Ghana Publishing Company, which once relied on overdrafts to pay staff salaries, is now fully operational and making profits.
Dr. Ayeh also pointed to the National Investment Bank (NIB), explaining that before the NDC assumed office, the bank was projected to incur losses exceeding GH₵39 million. “However, after injecting GH₵1.9 billion, the institution has turned around, generating profits of over GH₵146 million,” he added.
This development aligns with what the National Chairman of the National Democratic Congress (NDC), Johnson Asiedu Nketia, stated in December 2024.
Speaking at the party’s final rally at Zurak Park in Madina, Accra, Mr. Nketia emphasized that if the NDC were to win the December 7 election, the party’s priority in its first year would be to rebuild Ghana’s state institutions, focusing on restoring governance and accountability structures before undertaking new development projects.
Dr. Ayeh’s comments underscore the government’s commitment not only to economic stability but also to restoring the functionality and profitability of key state institutions, demonstrating a clear turnaround in sectors that were once struggling.
By Lois Dogbe
