he Mobile Money Agents Association Of Ghana (MMAAG) has expressed the hope that the revised rate of the Electronic Levy (E-Levy) of one per cent, which takes off today, will help revive its business, since operations suffered last year when the levy was introduced. It said with money transfer businesses having suffered with the rate […]
A former Finance Minister, Dr Kwabena Duffuor, has proposed the establishment of a National Economic Rescue Team to help find immediate and lasting solutions to the current economic challenges. He said the depth of the economic crisis and the ongoing attempt to restructure the domestic debt towards macroeconomic stability and recovery of the economy call […]
Finance Minister Ken Ofori-Atta has assured that treasury bills (T-bills) are exempted from government planned debt exchange programme. He gave the assurance in a statement issued on Sunday, December 4, 2022. According to Mr Ofori-Atta, small investors, individuals and other vulnerable groups who have invested in T-bills are exempted from the debt exchange exercise. “Treasury […]
The government has settled on a softer payment plan with institutions and individuals who have lent money to the country as part of efforts to reduce the burden the public debt stock puts on the economy. The plan, which is in line with the government’s commitment to restore macroeconomic stability in the shortest possible time, […]
The New Patriotic Party (NPP) Members of Parliament in the majority caucus, have reneged on their stance and agreed to support the Finance Minister, Ken Ofori-Atta for the 2023 budget passage after an intervention by the leadership and Council of Elders of the NPP on Tuesday night. A statement dated November 22, 2022, jointly signed […]
The Ad hoc Committee tasked to investigate the various allegations to justify the removal of the Minister of Finance, Ken Ofori-Atta, from office commenced hearing yesterday, with the proponents of the censure motion outlining seven grounds to substantiate their call to push out the minister to save the Ghanaian economy from further deterioration. The lead […]
The Majority Caucus in Parliament has stated that in spite of their call on the President to remove the Finance Minister, Ken Ofori-Atta, they will not support the motion on the vote of censure initiated by the Minority Caucus in the House. At a press conference in Parliament today, the MP for Effiduase/Asokore, Dr Ayew […]
Majority MPs in Parliament have threatened to boycott t of the 2023 budget debate if Finance Minister, Ken Ofori Atta is not sacked. Addressing a press conference on Tuesday, the NPP lawmakers stated that they are displeased with the management of the economy under Ken Ofori-Atta. The MPs have therefore signed a petition urging the […]
Some Majority Members of Parliament numbering about 80 have asked President Nana Addo Dankwa Akufo to remove finance minister, Ken Ofori-Atta and the minister of State at the ministry, Charles Adu Boahen, from office now to help restore confidence in Ghanaian economy. The group said it will not do business with government if the president […]
The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova, says her outfit is willing to assist Ghana to put the country’s economy on a better footing. The Bulgarian economist made this known in a tweet on Friday, August 26, 2022. According to her, the IMF’s decision to support Ghana stems […]
OF every cedi collected in tax revenue this year, more than 55 pesewas will be used to service the debt. When measured against this year’s projected total revenue and grants, debt service cost is estimated to wipe off more than 43 pesewas of every one cedi that will be accrued to the state. This follows […]
The free senior high school programme (SHS) and the technical and vocational education training (TVET) is not under review, the Minister of Finance, Mr Ken Ofori-Atta has said. He added that the government has so far spent GH¢5.3 billion on the programme and that those who have benefited are about 1.26 million children across the […]
