We have built enough buffers to pay all DDEP obligations – Finance Minister Ato Forson

Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year. Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector. […]

Ghana launches first phase of Work Abroad Programme for skilled workers

Ghana has launched the first phase of its Work Abroad Programme, with Romania as the initial destination for skilled workers. The initiative, led by the Youth Employment Agency (YEA) in collaboration with the Ghanaian-European Centre and European labour institutions, aims to provide structured employment opportunities while ensuring fair wages and safe working conditions. Speaking at […]

2025 Budget welcoming, gov’t has shown good intentions – GUTA president

The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has described the  2025 Budget Statement and Economic Policy as welcoming. This comes after the Finance Minister in the 2025 budget presentation announced the abolition of several taxes, including the Covid-19 levy, Betting Tax and E-Levy. In an interview on Joy FM‘s Newsnight […]

‘Taxpayer cannot be a punching bag’ – Dr Ato Forson on BoG’s ¢53bn bailout request

Finance Minister Dr Cassiel Ato Forson has taken a firm stance against using taxpayer money to recapitalise the Bank of Ghana (BoG). This follows revelations that the central bank had signed a memorandum of understanding (MoU) with the previous administration to receive a ¢53 billion bailout. Speaking on Joy News’ PM Express on Tuesday, March 11, after […]

Finance Minister to unveil Mahama’s 2025 Budget today

Finance Minister, Dr. Cassiel Ato Forson, will today present the 2025 Budget Statement and Economic Policy to Parliament, marking the first comprehensive financial roadmap of the Mahama administration since assuming office. The highly anticipated budget is expected to outline bold policy measures aimed at stabilising the economy, fostering growth, and addressing the nation’s fiscal challenges. […]

BoG Governor suspends Gold-for-Oil programme

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has announced the suspension of the country’s Gold-for-Oil programme due to unspecified policy and operational challenges. The decision marks a significant shift in Ghana’s economic strategy, as the initiative was originally designed to reduce reliance on foreign exchange for fuel imports and stabilise domestic […]

Stop photocopying Ghana Cards of customers – BoG warns banks

The Bank of Ghana (BoG) has warned banks to desist from photocopying the National Identification Cards (Ghana Card) of their clients for transactions as such a practice would attract sanctions. According to the central bank, biometric verification remained the standard process for identity authentication. The Deputy Head of Financial Integrity of the BoG, Ashitei Trebi-Ollennu, […]