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 […]
The Minister for Finance, Ken Ofori-Atta today, Thursday July 11 2019 stormed the Port of Tema on a day’s working visit. His visit was particularly to assess the extent of work at the new terminal three which is part of the expansion project being embarked upon by Meridian Port Services (MPS). The terminal which received […]
A summary of economic and financial data published by the Bank of Ghana puts the country’s total public debt at GH₵198 billion as at the end of March 2019. This means that GH₵24.8 billion was added to the public debt in the first three months of 2019. While the nominal debt figure continues to rise, […]
Finance Minister Ken Ofori-Atta has stated that a whopping GH¢1.7 billion was committed to the free Senior High School (SHS) programme initiated by President Akufo-Addo in 2017. The minister took a swipe at critics of the free SHS programme, particularly the National Democratic Congress (NDC), saying “the introduction of free SHS was not built on […]
The National Union of Ghana Students (NUGS) has raised long standing issues having to do with the Student Loan Trust Fund and the challenges faced by students in their quest to access loan funds with the Minister for Finance Ken Ofori Atta. Led by the National President Tinkaro Asare Osei, the leadership of NUGS met […]
The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has warned that government’s appetite for loans will cripple the country’s future and saddle generations yet unborn with debt. According to him, government borrows to finance consumption instead of capital investment. Speaking at a forum organised by the Coalition for Restoration, under the theme […]
