Many Ghanaians appear to have welcomed the removal of the Finance Minister, Ken Ofori-Atta, after President Akufo-Addo’s reshuffle. The embattled Minister, whose head had been demanded by both the majority and minority legislators for his mishandling of the economy, was relieved of his duties in Wednesday’s shake-up. While news of this settles, IMANI Africa’s Franklin […]
Tag: Ken Ofori Atta
If Ofori-Atta resigns as Finance Minister, Ghana will be peaceful – Atta Akyea
Member of Parliament for Akim Abuakwa South, Samuel Atta Akyea, has expressed the belief that the resignation of Finance Minister Ken Ofori-Atta would bring peace to the country. Atta-Akyea underscored the need for self-reflection on Ofori-Atta’s part, urging him to consider stepping down for his personal well-being and the overall benefit of the ruling New […]
It’ll be an exercise in futility if tariff increase won’t resolve ECG’s debt accumulation – Kodzo Yaotse
The Policy Lead for Petroleum and Conventional Energy at the Africa Centre for Energy Policy (ACEP), Kodzo Yaotse, has joined calls for the Value Added Tax (VAT) on electricity to be scrapped. The government in its instruction to the Ghana Revenue Authority (GRA) tasked it to collaborate with the Electricity Company of Ghana (ECG) and […]
Government to borrow GH¢12.7bn via T-bills in January 2024
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 […]
Govt allocates GH¢220m for dam spillage victims
The government has set aside GH¢220 million in the 2024 budget to support the relief efforts for the communities affected by floods occasioned by the Akosombo and Kpong dam spillage. The amount will also cater for the needs of victims of floods upstream in the Oti, Savannah and Bono East regions. The Minister of Finance, […]
Government reopens invitation for ESLA, Daakye Trust bondholders in Domestic Debt Exchange Programme
The Ghanaian government has extended fresh invitations to bondholders of E.S.L.A. Plc and Daakye Trust Plc, encouraging them to engage in the domestic debt exchange programme by trading their existing holdings for a new package. A press release issued on September 13 by the Ministry of Finance called upon holders of domestic notes and bonds […]
IMF executive board approves Ghana’s $3billion bailout
Ghana has secured the long awaited $3billion financial support from the International Monetary Fund (IMF), deep throat sources have confirmed to Graphic Business. At a meeting today [May 17, 2023] in Washington, the Executive Board of the IMF unanimously approved Ghana’s programme over the next three years. Graphic Business sources in Washington have said finishing touches […]
Ghana on course for IMF approval — Ofori-Atta
The Paris Club, a group of bilateral creditors that helps with workable solutions to payment problems faced by debtor nations, will form an Official Creditor Committee this week to look into Ghana’s request for financial assurances. The assurances, which come with debt restructuring and further strategic lending, will enable the country to present its programme […]
Parliament passes 3 revenue bills
Parliament has approved three major tax bills targeted at bolstering the sustainable generation of domestic revenue for the country. The bills are the Excise Duty and Excise Tax Stamp (Amendment) Bill, 2022, the Income Tax (Amendment) (No. 2) Bill, 2022, and the Growth and Sustainability Levy Bill, 2022. The trio, which were passed under certificates […]
China pledges support for Ghana’s debt treatment
Chinese authorities have expressed their commitment to support Ghana to resolve the current short-term liquidity challenges. China will also continue to support Ghana’s medium and long-term developmental aspirations. “China believes in promoting debt sustainability and sustainable development,” the Chinese Minister of Finance, Liu Kun, said. He gave the assurance when the Minister of Finance, Ken […]
Ghana Card guarantees voter integrity in continuous voter registration exercise – EC Chair Jean Mensa
The Chairperson of the Electoral Commission (EC), Jean Mensa, has told Parliament that the use of the Ghana Card as the sole identification document for continuous voters’ registration will guarantee the credibility and integrity of the country’s voter register and aid elections as a whole. For the part of the Executive Secretary of the National […]
DDEP: Leave our pensioners alone – Bagbin tells Finance Minister
The Speaker of Parliament has asked the Finance Minister, Ken Ofori-Atta, not to touch monies belonging to pensioners. Alban Bagbin said the current economic crisis can be solved without the funds of the pensioner. Wrapping up on the business of the House on Thursday, February 16, the former Nadowli Kaleo MP said Parliament will resist […]