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 […]
A government delegation led by the Finance Minister, Ken Ofori-Atta, and the Minister of Energy, John Peter Amewu, last week undertook consultations with the government of the Philippines with a view to deepening the over 60-year relationship between the two nations. Over the two-day mission, the Ghanaian delegation met with the Philippine Secretary of Energy, […]
Ghana has been rated as the world’s fastest-growing economy according to the International Monetary Fund (IMF) World Economic Outlook according to a report on dw.com. Ghana’s economy is skyrocketing. That is what the World Bank and the International Monetary Fund (IMF) predict for this year. The IMF talks of a growth rate of 8.8% in its […]
Government has begun collaborative consultations with Independent Power Producers (IPPs) to resolve the take-or-pay obligations crippling Ghana’s energy sector. The three-month engagement, directed by the ministers of energy and finance, will involve direct discussions with each of Ghana’s Independent Power Producers (IPPs) and gas suppliers, among others. At a meeting with stakeholders in Accra yesterday, […]
The Minister of Finance, Ken Ofori-Atta is expected to be in Parliament, Monday, July 29, 2019, to present to the House, a review of Ghana’s 2019 budget. The presentation of the mid-year budget review is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). Ahead of the presentation, some Ghanaians […]
The country’s total debt stock has now hit GHS200 billion as at the end of May 2019. This was contained in the Bank of Ghana’s summary of financial and economic data that reviewed the health of the economy. Details of the debt numbers The new debt stock figure means that since May 2018 the total debt stock […]
The Government of Ghana pays over GH¢94 million to individuals and companies in judgement debt yearly, Mr Ken Ofori-Atta, the Minister of Finance, has revealed. He explained that most of the judgement debts are due to court orders for breaches of contracts, as well as compensations for personal injury claims and acquisitions. Mr Ofori-Atta made […]
The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities in the country to commence full implementation of the $1 million per constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available, GH¢1.664 billion (equivalent of $320 millions) for the […]
