• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, July 4, 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

June 11, 2025
Evans Junior Owuby Evans Junior Owu
in General News, Sub Top Stories, Sub Top Stories2
0
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

MDF Disputes Reports of Missing Excavators in Akomfre

Eduwatch Boss Applauds Timely Student Loan Disbursements, Urges Further Reforms

GRNMA Condemns CHAG’s Crackdown On Striking Nurses

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.

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
Please login to join discussion
Previous Post

US, China Reach Agreement On Trade Framework

Next Post

Mahama’s Government Accused of Betraying Ghanaians’ Trust

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

GIIF, AFDBank & 24-Hour Secretariat leadership at the signing of the landmark agreement
Economy

GIIF, AfDB, and 24H+ Secretariat Sign Landmark Agreement to Develop Volta Economic Corridor

July 4, 2025
Anthony Elanga
Sports

Newcastle Closing a Deal for Anthony Elanga

July 4, 2025
Ghana Stock Exchange Shatters Records with Over GHS1 Billion Trading in a Single Day
Securities/Markets

Ghana Stock Exchange Shatters Records with Over GHS1 Billion Trading in a Single Day

July 4, 2025
Peace Talks Resume In Congo Conflict
Africa

Peace Talks Resume In Congo Conflict

July 4, 2025
Ghanaian Musicians Urged to Prioritise Discipline
Entertainment

Ghanaian Musicians Urged to Prioritise Discipline

July 4, 2025
MDF Disputes Reports of Missing Excavators in Akomfre, Excavators, MDF
General News

MDF Disputes Reports of Missing Excavators in Akomfre

July 4, 2025
GIIF, AFDBank & 24-Hour Secretariat leadership at the signing of the landmark agreement
Economy

GIIF, AfDB, and 24H+ Secretariat Sign Landmark Agreement to Develop Volta Economic Corridor

by Evans Junior OwuJuly 4, 2025
Anthony Elanga
Sports

Newcastle Closing a Deal for Anthony Elanga

by Evans Junior OwuJuly 4, 2025
Ghana Stock Exchange Shatters Records with Over GHS1 Billion Trading in a Single Day
Securities/Markets

Ghana Stock Exchange Shatters Records with Over GHS1 Billion Trading in a Single Day

by Stephen M.CJuly 4, 2025
Peace Talks Resume In Congo Conflict
Africa

Peace Talks Resume In Congo Conflict

by Lawrence AnkutseJuly 4, 2025
Ghanaian Musicians Urged to Prioritise Discipline
Entertainment

Ghanaian Musicians Urged to Prioritise Discipline

by Esther Korantemaa OffeiJuly 4, 2025
MDF Disputes Reports of Missing Excavators in Akomfre, Excavators, MDF
General News

MDF Disputes Reports of Missing Excavators in Akomfre

by Silas Kafui AssemJuly 4, 2025
GIIF, AFDBank & 24-Hour Secretariat leadership at the signing of the landmark agreement
Anthony Elanga
Ghana Stock Exchange Shatters Records with Over GHS1 Billion Trading in a Single Day
Peace Talks Resume In Congo Conflict
Ghanaian Musicians Urged to Prioritise Discipline
MDF Disputes Reports of Missing Excavators in Akomfre, Excavators, MDF
[/vc_row_inner]

Recent News

  • GIIF, AfDB, and 24H+ Secretariat Sign Landmark Agreement to Develop Volta Economic Corridor
  • Newcastle Closing a Deal for Anthony Elanga
  • Ghana Stock Exchange Shatters Records with Over GHS1 Billion Trading in a Single Day
  • Peace Talks Resume In Congo Conflict
  • Ghanaian Musicians Urged to Prioritise Discipline
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.