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 […]
Tag: Ken Ofori Atta
We will not support motion on vote of censure for #KenMustGo
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 […]
NPP MPs to boycott 2023 budget debate if Ken Ofori-Atta is not sacked
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 […]
80 Majority MPs calls for dismissal of Finance Minister
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 […]
‘We’re ready to help stabilise Ghana’s economy’ – IMF boss says after meeting with Ken Ofori-Atta
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 […]
Interest cost wipes off 55% of tax revenue – Inflation, cedi fall to blame
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 […]
Free SHS not under review, GH¢5.3bn spent on 1.26m students – Ofori-Atta
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 […]
Road users on Accra-Tema motorway to pay tolls after expansion works
Commuters on the Accra-Tema motorway will start paying tolls again after the completion of expansion works on the road. Similarly, users of other newly constructed roads would also have to pay road tolls to use those roads. The Minister of Finance, Ken Ofori-Atta said this when he presented the Mid-year budget review statement in Parliament […]
Parliament passes Tax Exemptions Bill
Parliament last Friday passed the Tax Exemptions Bill, 2022 to provide for a tax exemption regime in the country. The bill will set clear eligibility criteria for tax exemptions and provide for the monitoring, evaluation and enforcement of exemptions. When assented to by the President, it will strengthen the monitoring role of the Ministry of […]
Mid Year Review: NABCo personnel to be paid, integrated into YouStart
The government will use today’s mid-year budget review (MYBR) to address the myriad of challenges facing the Nation Builders Corps (NABCo) programme that was introduced in 2018 to provide jobs for the teaming youth. It is expected that it would announce a comprehensive exercise to integrate the beneficiaries into the YouStart programme, another initiative of […]
Ghana has been hit by a quadruple ‘whammy’ – Bawumia
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 […]
Finance Minister to present Mid-Year Budget July 27, 2022
The Mid-Year Review of the Budget Statement and Economic Policy of the Government and Supplementary Estimate for the 2022 financial year in Parliament has been postponed to July 27, 2022. The review is in pursuance of the Public Financial Management Act, 2016 (Act 921). The Majority Leader and the Leader of Government Business in Parliament, […]