• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, November 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Mahama’s Administration Champions Austerity, Eyes Unprecedented Cost-Saving Measures

Evans Junior Owuby Evans Junior Owu
June 11, 2025
Reading Time: 5 mins read
Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in Charge of Government Communications

Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in Charge of Government Communications

The Presidential Spokesperson and Minister of State in Charge of Government’s Communications, Hon. Felix Kwakye Ofosu, has underscored the Mahama administration’s resolute commitment to fiscal prudence and cost-saving measures, assuring Ghanaians that the government is taking decisive steps to exemplify financial discipline. 

His pronouncements highlighted a deliberate shift towards a leaner, more accountable governance structure, aiming to foster public trust through tangible demonstrations of modesty and efficiency at the highest levels of executive power.

Hon. Kwakye Ofosu emphasised that the current government’s stance can be seen as a beacon of austerity, proudly asserting its status as the smallest in the Fourth Republic’s history.

RelatedPosts

IMANI Africa Demands Action as Food Glut Hits Ghana

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

He detailed President Mahama’s adherence to his campaign promise of a streamlined administration, noting that despite an initial pledge of 60 ministers, the government is, in fact, operating with a more modest 56 ministers. 

This significant reduction in ministerial appointments is complemented by an equally drastic cut in the presidential staff. 

“When it comes to presidential staff, those who work in the presidency, the presidential staff and then the support staff, I can assure you that it will be roughly half of what we came to meet under  former President Akufo-Addo, and we are talking about 336 people under him.”

Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in Charge of Government Communications 

These structural adjustments are posited as foundational pillars of the government’s cost-saving agenda, demonstrating a top-down approach to reining in public expenditure.

ADVERTISEMENT
Felix Kwakye Ofosu 4
Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in Charge of Government Communications 

Stringent Cut on Public Officers’ Perks

Beyond the organisational restructuring, the government is set to introduce stringent restrictions on perks traditionally enjoyed by public officials. 

Hon. Kwakye Ofosu disclosed that President Mahama will, in the coming days, unveil specific measures to curtail lavish benefits that were commonplace under the former administration. 

A particularly salient point of this new policy is the President’s firm declaration that individuals serving in the executive branch, over whom he exercises direct control, “cannot look forward to receiving ex-gratia.” 

This bold move seeks to redefine the expectations associated with public service, aligning it more closely with a spirit of sacrifice and service rather than entitlement, setting a powerful precedent for fiscal responsibility within the government’s core operations.

The government’s commitment to significant savings is not merely theoretical but is already evident in major national events. Hon. Kwakye Ofosu cited the dramatic reduction in the cost of independence celebrations as a prime example of this fiscal prudence. 

HE President John Dramani Mahama
HE President John Dramani Mahama

He revealed that President Mahama spearheaded an unprecedented 95% cut in expenditure for these national festivities, bringing the cost down from a staggering GHS 20,000,000 to a mere GHS 1,500,000. 

This substantial saving, he noted, underscores the administration’s willingness to challenge established norms and prioritise the judicious use of taxpayer money. 

“If you come to this house [Jubilee House], there’s no office in the Jubilee House that is allowed to subscribe to DSTV or any satellite television. So someone may say this is trivia, but it is not trivia.

“He has done that because when you compute it, it is significant money. I have no difficulty consuming locally. My appetite is local, so I actually watch local TV”.

Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in Charge of Government Communications 

This policy, currently in effect at the seat of government, is slated for extension to all government agencies, reinforcing a culture where every potential avenue for saving taxpayers’ money is explored and implemented.

Making Tangible Savings

Hon. Kwakye Ofosu passionately articulated the underlying philosophy driving President Mahama’s administration, emphasising a deep-seated commitment to making tangible savings for the Ghanaian people. 

He acknowledged the inherent nature of governance, which often necessitates making challenging decisions that “will impinge on the citizenry.” 

However, he underscored the critical reciprocal expectation that “the citizenry must see corresponding levels of modesty on the part of government officials.” 

This ethos underpins the entire austerity drive, aiming to build and sustain public trust by demonstrating that leaders are not exempt from the very sacrifices they may ask of the populace. 

Felix Kwakye Ofosu 6
Hon. Felix Kwakye Ofosu, Presidential Spokesperson and Minister of State in Charge of Government Communications 

The constant messaging points to a desire to promote a shared national imperative and a collective understanding that fiscal restraint is more than just a policy.

In summary, Hon. Felix Kwakye Ofosu’s statements present a clear picture of an administration steadfastly committed to responsible spending and ground-breaking cost-cutting measures.

President Mahama’s administration is unwavering in its determination to exhibit fiscal responsibility, from shrinking the size of government and reducing official benefits to drastically reducing costs for national holidays and enforcing seemingly insignificant but significant regulations like the ban on satellite TV subscription.

In addition to saving money, these actions aim to restore public confidence and show a dedication to modesty that reflects the struggles and goals of Ghanaians.

READ ALSO: New CEO of Chamber of Mines Pledges Greater Sustainability in Mining 

Tags: Austerity MeasuresCost SavingsEx-gratiaFelix Kwakye OfosuFiscal responsibilityghanaGovernment CommunicationsGovernment spendingIndependence Day CostsJubilee HousePresident MahamaPrudent SpendingPublic Officials
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

US, China Reach Agreement On Trade Framework

Next Post

Mahama’s Government Accused of Betraying Ghanaians’ Trust

Related Posts

MiDA-IFC Collaboration Signals New Approach to Agribusiness
General News

IMANI Africa Demands Action as Food Glut Hits Ghana

November 2, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
General News

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

November 2, 2025
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action
General News

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

November 1, 2025
Kissi Agyebeng, Special Prosecutor, Ghana
General News

OSP Saves Ghana GH¢1.25 Billion from Irregular SML Payments

November 1, 2025
Bright Simons Slams E&P Over Gold Mine Controversy
General News

SML Termination Sparks Debate on Policy Learning and Accountability

November 1, 2025
Dzimega Defends Army Over Delayed Helicopter Crash Response
General News

President Mahama’s Appointees Commended for Integrity Amid Opposition’s Criticism

October 31, 2025
MiDA-IFC Collaboration Signals New Approach to Agribusiness
General News

IMANI Africa Demands Action as Food Glut Hits Ghana

by Silas Kafui AssemNovember 2, 2025
Dangote Refinery
Extractives/Energy

Dangote Refinery Hits 70 Million-Litre Daily Output, Exceeds Domestic Demand 

by Prince AgyapongNovember 2, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
General News

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

by Evans Junior OwuNovember 2, 2025
GAEC Inducts Seven Institute Management Boards
Extractives/Energy

GAEC Inducts Seven Institute Management Boards

by Bless Banir YarayeNovember 2, 2025
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action
General News

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

by Emmanuel Tibila BoasahNovember 1, 2025
Kissi Agyebeng, Special Prosecutor, Ghana
General News

OSP Saves Ghana GH¢1.25 Billion from Irregular SML Payments

by Evans Junior OwuNovember 1, 2025
MiDA-IFC Collaboration Signals New Approach to Agribusiness
Dangote Refinery
Osagyefo Mawuse Oliver Barker-Vormawor
GAEC Inducts Seven Institute Management Boards
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action
Kissi Agyebeng, Special Prosecutor, Ghana

Recent News

MiDA-IFC Collaboration Signals New Approach to Agribusiness

IMANI Africa Demands Action as Food Glut Hits Ghana

November 2, 2025
Dangote Refinery

Dangote Refinery Hits 70 Million-Litre Daily Output, Exceeds Domestic Demand 

November 2, 2025
Osagyefo Mawuse Oliver Barker-Vormawor

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

November 2, 2025
GAEC Inducts Seven Institute Management Boards

GAEC Inducts Seven Institute Management Boards

November 2, 2025
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

November 1, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address