Former Finance Minister Dr. Mohammed Amin Adam has accused the Bank of Ghana (BoG) of printing money to pre-finance the newly established Ghana Gold Board (GoldBod). According to Dr. Amin Adam, this occurred because the government failed to raise sufficient revenue to honour budgeted allocations. Under the 2025 budget, the government allocated US$279 million to […]
Former Finance Minister Dr Mohammed Amin Adam has clarified that the New Patriotic Party (NPP) administration only implemented taxes on bet winnings and not on lottery winnings. He countered claims that the government erroneously imposed a betting tax that was later abolished. Speaking on Joy News’ PM Express on Monday, March 17, he insisted that his previous […]
The Minority caucus in parliament has warned that it will strongly oppose any move by the government to introduce new taxes or increase existing ones, warning that such measures will burden Ghanaians further. Addressing a press conference on Monday, March 3, former Minister for Finance, Dr Mohammed Amin Adam, criticised the government’s tax revenue target […]
Former Finance Minister Dr Mohammed Amin Adam has raised questions regarding President Mahama’s comment on the New Patriotic Party’s government’s handling of the economy. He challenged claims of a sudden fiscal crisis that has limited public sector wage increases. In a Facebook, Dr Adam questioned how an economy labelled as “criminally mishandled” could support significant […]
Minister of Finance, Dr Mohammed Amin Adam, has stated that the current parliamentary impasse has affected the debt restructuring agreement with some Independent Power Producers (IPPs). Addressing the press during the finance ministry’s monthly economic briefing, Dr Amin Adam pointed out that although three of the IPPs have either signed or are on course to […]
Government is intensifying its efforts to bring private sector engagement into the operations of the Electricity Company of Ghana (ECG) as part of a major reform to stabilise the sector’s finances and ensure long-term sustainability. Finance Minister Dr Mohammed Amin Adam highlighted the urgency of these reforms at the recent IMF/World Bank meetings, pointing out […]
The Finance Minister has criticised Sunon Asogli Power for what he described as “bad faith” in the company’s decision to halt operations over a $259 million debt owed by the Electricity Company of Ghana (ECG). Dr Mohammed Amin Adam explained that government was in the process of negotiating an agreement to clear the debts when […]
Fitch Ratings has assigned Ghana’s new US dollar bonds, issued on 9 October 2024, a ‘CCC+’ rating. Fitch also has upgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. Fitch has affirmed Ghana’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’. Fitch typically does not assign Outlooks to IDRs of sovereigns with a […]
The Finance Minister, Dr Mohammed Amin Adam, has announced that the government has set aside GH¢8 billion to provide relief and mitigative measures for farmers affected by the recent dry spell. Speaking on the crisis, he acknowledged that while the response may not completely neutralize the impact of the drought, it will play a significant […]
Ghana is set to introduce paternity leave as part of a series of labour reforms planned for the year 2024. The announcement was made by Finance Minister, Dr. Mohammed Amin Adam during his mid-year budget review presentation to Parliament on Tuesday, July 23. Dr. Adam stated that the government, in collaboration with its social partners, […]
Finance Minister, Dr. Mohammed Amin Adam has assured Ghanaians that the government is adhering to its budgetary limits. During the presentation of the mid-year budget review in Parliament, he emphasised that the government has tightly controlled expenditures to remain within the 2024 Budget Appropriation. Dr. Amin Adam also revealed that the government surpassed its mid-year […]
Ahead of the mid-year budget review later this month, government says it will not make any additional financial demands on the national budget, sticking to its commitment to fiscal discipline, a Deputy Minister of Finance has indicated. With five months left to the 2024 Presidential and Parliamentary elections, the government is determined not to fall […]
