National Development Bank in the offing-Finance Minister

Government is due to establish a National Development Bank (NBD), Finance Minister, Ken Ofori-Atta has announced. ‘’Mr. Speaker feasibility study for the establishment of the National Development Bank specifying the rationale, mandate, business model, legal and regulatory framework, ownership, governance and sustainability of the Bank has been completed’’ Mr. Ofori-Atta while presenting the 2020 Budget […]

Revealed: Finance Minister has no bodyguard, donates salary to charity every month

It has emerged that Ghana’s Finance Minister, Ken Ofori Atta actually donates his monthly salary to charity since he took office in 2017. Ruling New Patriotic Party (NPP) strongman, Gabby Asare Otchere-Darko who made the revelation in a beautifully carved message eulogizing the Finance Minister who is celebrating his 60th Birthday today, said the Minister […]

Take or Pay contracts: Govt, IPPs begin 3-month talks to resolve issues

Government has begun collaborative consultations with Independent Power Producers (IPPs) to resolve the take-or-pay obligations crippling Ghana’s energy sector. The three-month engagement, directed by the ministers of energy and finance, will involve direct discussions with each of Ghana’s Independent Power Producers (IPPs) and gas suppliers, among others. At a meeting with stakeholders in Accra yesterday, […]

Gov’t fulfills $1 million per constituency promise; additional $45 million released for outstanding commitments

The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities in the country to commence full implementation of the $1 million per constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available, GH¢1.664 billion (equivalent of $320 millions) for the […]