The government is set to introduce a new policy that will require state institutions to purchase selected goods—including rice and sugar—exclusively from local producers, unless they obtain special approval from the Office of the President. The Minister of Finance, Dr Cassiel Ato Forson, announced the measure during a meeting with the leadership of the Association […]
Naomi Wolali Kwetey has been nominated as the new acting Managing Director of the Consolidated Bank of Ghana Ltd (CBG). Her nomination by President John Dramani Mahama for the topmost position of the CBG commercial bank was made known in a letter dated March 26, 2025, signed by the Minister of Finance, Dr Cassiel 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. […]
Finance Minister Dr Cassiel Ato Forson has clarified that there is no freeze on employment in the public sector. Speaking in an interview with Channel One TV on Wednesday, March 12, he dismissed speculations suggesting that the government had halted recruitment into various sectors. Dr Ato Forson’s statement comes amid concerns over job opportunities in […]
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 […]
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 […]
The Finance Minister has outlined strategic measures to address the fiscal gap that will arise from its decision to abolish several taxes, including the E-Levy, Betting Tax, and COVID-19 Levy. Speaking during the presentation of the 2025 Budget Statement and Economic Policy on March 11, Dr. Cassiel Ato Forson assured that the shortfall will be […]
Electricity distribution company, Electricity Company of Ghana (ECG), is at the center of a financial crisis, draining billions from the national budget while struggling with inefficiencies and revenue losses. This is according to Finance Minister Dr Cassiel Ato Forson. He made these revelations at the National Economic Dialogue, describing ECG’s operations as unsustainable and warning […]
Member of Parliament for Tano North, Dr Gideon Boako, has criticised Dr Cassiel Ato Forson, the Finance Minister-designate, for what he described as an evasive and inconsistent performance during his vetting. At a Minority press conference on Wednesday, 15 January, Dr Boako expressed disappointment in Dr Forson’s responses to critical issues. “Cassiel Ato Baah Forson, […]
President John Dramani Mahama has revoked the appointment of Edward Nana Yaw Koranteng as the Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF), effective immediately. The revocation, announced in a letter dated January 13, 2025, was signed by Mr Callistus Mahama, Secretary to the President. Mr. Koranteng was appointed as CEO […]
