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 […]
Finance Minister Ken Ofori-Atta has failed to secure approval from the finance committee of parliament for an amount of 15.6 billion cedis for the banking sector clean-up. The additional amount, according to a memorandum to parliament from Mr Ofori-Atta on November 28, 2019, is to be used to “protect depositors of failed financial institutions and […]
The Ranking Member on the Mines and Energy Committee of Parliament, Adam Mutawakilu is unhappy with some developments in the energy sector. According to him, the Finance Minister, Ken Ofori-Atta has been hijacking the work of the Energy Minister, John Peter Amewu. Speaking to Citi News, Mutawakilu, who is also the spokesperson for the Minority […]
The Finance Minister of the country, Ken Ofori-Atta has indicated that the government has moved the economic policy of the country away from one focused on taxation to one focused on production and outlined directives towards such objective. According to the Finance Minister, the reduction and abolition of taxes including the 50% reduction in import […]
Government is due to establish a National Development Bank (NBD), Finance Minister, Ken Ofori-Atta has announced. ‘’Mr. Speaker feasibility study for the establishment of the National Development Bank specifying the rationale, mandate, business model, legal and regulatory framework, ownership, governance and sustainability of the Bank has been completed’’ Mr. Ofori-Atta while presenting the 2020 Budget […]
It has emerged that Ghana’s Finance Minister, Ken Ofori Atta actually donates his monthly salary to charity since he took office in 2017. Ruling New Patriotic Party (NPP) strongman, Gabby Asare Otchere-Darko who made the revelation in a beautifully carved message eulogizing the Finance Minister who is celebrating his 60th Birthday today, said the Minister […]
