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 […]
The Bank of Ghana will on Monday May 6 2019 introduce upgraded banknotes with enhanced features. The move according to the Central Bank is in line with the evolving changes in the technological landscape. A press release issued by the Bank a while ago, explained that the upgraded banknotes also come with improved durability and […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has indicated that reforms to Ghana’s import duty regime, which will bring down the high duties prevailing in Ghana’s ports, are in the offing, and will be rolled out soon. With many having petitioned the State to intervene and review the high taxes and duties on […]
The Minister of Finance, Ken Ofori-Atta, has stated that the cedi is performing better under the Nana Addo administration. He explained that the cedi recently suffered some turbulence despite the strong economic fundamentals and improvement in the country’s balance of payments, which the government achieved in the last two years. “It is also noteworthy that […]
A leading Member of the Opposition National Democratic Congress (NDC) in the Awutu Senya West Constituency, Mr Gabby Quaye has chastised the government for wasting state resources on needless parties in celebrating acquisition of loans, at a time that the same government claims to be building a Ghana Beyond Aid. The government has raised $3 […]
Ghana’s bid to raise $3 billion from the international capital market to finance key development projects, as well as retire maturing debts, has been over-subscribed by $16.9 billion at final pricing. An initial order book of over $21 billion in bids was received, which means it was over-subscribed by seven times. A $19.9 billion order […]
The Minister for Finance, Ken Ofori-Atta has announced that Government is to embark on a comprehensive review of all port charges as a means of positioning the nation’s ports as the most competitive and efficient ports in the sub-region. The announcement comes on the back of recent meetings and petitions by some trade unions in […]
The clients of Menzgold Ghana Limited have been handed a lifeline in their quest to recoup their deposits from the troubled gold dealership firm. The Minister of Finance, Mr Ken Ofori-Atta during an interaction with officers of the Ghana Armed Forces (GAF) at the Burma Camp in Accra on Friday, February 22, assured the officers that the assets of Menzgold CEO, […]
