The government is seeking to borrow GH¢12.7 billion via treasury bills in January 2024, to finance maturing bills. This is 1.2% lower than that of December 2023. Already, the government has raised GH¢3.223 billion in the first auction of 2024, 15.24% more than the targeted amount. Based on the prevailing strong demand at an average […]
The International Monetary Fund (IMF) has given thumbs up to the country’s recovery, saying growth this year has proved more resilient than initially anticipated. “Although all the challenges are not going to be solved overnight, and there is still a lot of work ahead, what makes us very optimistic is that these actions are already […]
Vice President Dr. Mahamudu Bawumia has explained the processes leading to the soaring revenues of the Electricity Company of Ghana (ECG). He said prior to the digitisation of ECG’s operations, the power supply company was making an amount of GH¢450 million a month. That figure of GH¢450 million was constant, and repeated for a period […]
The Asantehene, Otumfuo Osei Tutu II, has urged the government to demonstrate a high level of transparency with the citizenry on the economic situation of the country to win their trust and confidence. He said being candid with the people in the difficult times would produce outcomes that would be in the best interest of […]
President Nana Addo Dankwa Akufo-Addo has said the talks with the International Monetary Fund (IMF) and the 2023 Budget will seek to address the concerns of Ghanaians and inject their aspirations into the management of the economy. He said it was for that reason he had, in the last three weeks, been meeting various stakeholders […]
President Nana Addo Dankwa Akufo-Addo has reiterated his determination to steer the economy back on the path of growth. He has, however, called on the clergy to pray with him in this challenging period to enable him to execute that mandate. The President, who stood in front of the Moderator of the Presbyterian Church of […]
The General Secretary of the New Patriotic Party (NPP), Justin Kodua Frimpong (JFK) has reiterated the party’s support for the government in taking the country out of the current economic challenges. According to him, the party sees Ghana’s current challenges as yet another opportunity for the government to transform the economy. Speaking at a Media […]
The Vice President, Dr Mahamudu Bawumia has noted that Ghana has been hit by a quadruple whammy in the last few years resulting in the country’s quest to seek support from the International Monetary Fund (IMF). Dr Bawumia said the country will not be going to the IMF for support had it not been for […]
The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial levy, the Ministry […]
The Vice President, Dr Mahamudu Bawumia, has reaffirmed the Akufo-Addo Government’s commitment to its vision of transforming Ghana despite the global economic challenges which have wrought dire straits on the country’s fortunes. Speaking at the Pentecost Convention Centre, Millennium City, Kasoa, on Thursday, (April 7, 2022), Dr Bawumia said the Akufo-Addo government has been focused […]
The Vice-President, Dr Mahamudu Bawumia is of the view that the digitalisation of various sectors of Ghana’s economy has greatly helped to reduce corruption. For him, “[it] has dealt a big blow to corruption” and that the government will continue to digitalise the remaining sectors of the economy. Dr Bawumia was speaking at a public […]
Vice President, Dr. Mahamudu Bawumia has responded to critics who have, in recent times, asked about his whereabouts at a time when the country’s economy appears to be taking a nosedive. Dr Bawumia has, for some time now, focused on the administration’s digitisation agenda in a bid to prevent wastage, improve efficiency, and eliminate corruption […]
