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 […]

 Tame the borrowing to curb Ghana’s rising public debt-Adongo cautions govt

 The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has warned that government’s appetite for loans will cripple the country’s future and saddle generations yet unborn with debt. According to him, government borrows to finance consumption instead of capital investment. Speaking at a forum organised by the Coalition for Restoration, under the theme […]

 Ken Ofori-Atta blames fall of cedi on structural rigidities and speculation 

 The Minister of Finance, Ken Ofori-Atta, has stated that the cedi is performing better under the Nana Addo administration. He explained that the cedi recently suffered some turbulence despite the strong economic fundamentals and improvement in the country’s balance of payments, which the government achieved in the last two years. “It is also noteworthy that […]

It is shameful to trumpet Ghana Beyond Aid and still organize parties to celebrate loans – Gabby Quaye

A leading Member of the Opposition National Democratic Congress (NDC) in the Awutu Senya West Constituency, Mr Gabby Quaye has chastised the government for wasting state resources on needless parties in celebrating acquisition of loans, at a time that the same government claims to be building a Ghana Beyond Aid. The government has raised $3 […]