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 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 […]
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 […]
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 […]
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, […]
Officials of the International Monetary Fund (IMF) will commence negotiations with the government today on a possible programme to support Ghana’s homegrown economic policies. The IMF team – led by the Mission Chief for Ghana, Carlo Sdralevich – will have in-person meetings with the Finance Ministry, the Economic Management and the Presidency from July 6 […]
Finance Minister Ken Ofori-Atta has urged Central Banks in Africa to endeavour to create combined sovereign reserves that could expand their balance sheets to respond to financial challenges amongst African Union member states. He was of the view that whereas the combined sovereign reserves stood at about $300 billion to $500 billion making it a […]
The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial levy, the Ministry […]
A high-powered team from the International Monetary Fund (IMF) head office in Washington DC will be in Ghana on Tuesday to begin formal discussions for a new economic support programme for the country beginning Wednesday (July 6, 2022). The government will on Wednesday officially start preliminary negotiations into Ghana’s quest to seek a bailout from the fund. […]
A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team and the […]
The government is optimistic that the resort to the International Monetary Fund (IMF) will help stabilise the economy and restore buffers to make it stronger. It said it had been compelled to approach the IMF because the COVID-19 pandemic had depleted the buffers, throwing the economy into an 11 per cent deficit, against the regulated […]
It appears that calls for Finance Minister Ken Ofori-Atta’s head over Ghana’s current economic misfortunes may have come to naught. Government spokesperson, Kojo Oppong Nkrumah says justifications so far for Ken Ofori-Atta to step down are neither here nor there. Many critics including former President John Mahama have called for him to be sacked after […]
