The government will launch the Development Bank Ghana (DBG) in July with a seed capital of about $500 million. The bank is seen as Ghana’s best bet to addressing the issue of the lack of long-term and competitively priced credit which has faced the private sector for years. Nearly $250 million out of the initial […]
The government will in the coming weeks introduce more measures to ease the burden on the public. The Minister of Finance, Mr Ken Ofori-Atta, who disclosed this, said: “Starting this month, we are rolling out over eight additional interventions under the GhanaCARES “Obataanpa” programme and they will be in the health, agriculture, tourism, trade, digitisation, […]
Parliament on Monday 29 March 2021 unanimously approved Ken Ofori-Atta as Finance Minister without any controversy. The House approved him after a voice vote based on a report submitted to it by the appointments committee asking for his approval by consensus. Ofori-Atta becomes the first minister-nominee under Akufo-Addo’s second-term administration to have been vetted over a two-day period spanning […]
The Minister designate for Finance, Mr Ken Ofori-Atta has arrived in the United States of America for medical care, Graphic Online has gathered. He arrived via Delta 157 flight and is in good spirits, a source close to him has told Graphic Online. This is contrary to some media reports suggesting that Mr Ofori-Atta has passed […]
Education Minister-designate Dr Yaw Osei Adutwum is insisting schools will remain open in spite of the surge of covid-19 cases recorded in some schools. The nominee explained that measures put in place in various educational institutions by the government make them currently the safest place for students. He made these comments when he appeared before […]
The new National Mortgage and Housing scheme, piloted successfully by the government over the past two years is effectively reducing the applicable interest rates on mortgages in Ghana by over two-thirds. The new scheme is offering mortgages at about 10 percent per annum. Down from the market offered rate of about 28 percent on average. […]
Ghana will host the African Development Bank’s next Annual Meetings in May 2021, it was announced Thursday, at the end of the Group’s 2020 meetings. The 2021 meetings will take place in the country’s capital city, Accra. Côte d’Ivoire’s Planning Minister Niale Kaba handed over the baton to Ghana, announcing that the Board of Governors […]
Government has issued the budget guidelines for the 2021-2024 fiscal period, which will facilitate the preparation of the 2021 budget by Ministries, Departments and Agencies (MDAs) as well as Metropolitan, Municipal and District Assemblies (MMDAs). Importantly, the guidelines reveal the key fiscal targets for 2021 as well. However, with general elections scheduled for the end […]
The government of Ghana has launched three new policy initiatives designed to deepen financial inclusion and accelerate digital payments in line with government’s vision of building a payment system that accelerates economic development. Announcing the policies— National Financial Inclusion and Development Strategy, Digital Financial Services Policy and cash-Lite Roadmap—, the Minister of Finance, Ken-Ofori Atta […]
It’s 5am and I stir. My stomach feels cramped. I have slept no more than four hours. My mind races. The problems cascade through. I hear the birds and do my meditation. My wife Angie and I are in the middle of an Easter study on the Book of Daniel, and I can’t help but […]
The Minister of Finance, Ken Ofori-Atta, has said the government is considering the option of cash transfers to the most vulnerable groups in society in the wake of the coronavirus pandemic. “All of those things are under consideration,” the Minister said in response to a question on the matter when speaking to the media. He […]
President Nana Akufo-Addo has granted executive approval for the expenditure of GHS15.6 billion to save the funds of depositors of the various financial institutions that have collapsed as well as shore up the liquidity of the financial sector. A letter addressed to the Minister of Finance, Mr Ken Ofori-Atta, by the President’s Executive Secretary Nana […]
