A Technical Advisor to the Ministry of Finance, and a Former Commissioner of Customs, Isaac Crentsil, has indicated that the government of Ghana intends to widen the tax net by improving tax education, reviewing and implementing laws that tax the e-services sector as well as enforcing stiffer sanctions to non-compliant individuals or companies, and according […]
Government through the ‘Ministry of Finance and the Electricity Company of Ghana (ECG) Limited has suspended the concession agreement with Power Distribution Services (PDS) Ghana Limited with immediate effect. The decision to terminate the contract with PDS according to a statement issued and signed by the Minister for Information, Kojo Oppong Nkrumah is a result […]
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 […]
Finance Minister Ken Ofori-Atta has conditionally approved a multi-year funding commitment of GH¢1,560,551,812.33 for the commencement of 14 road projects. The approval will see the reconstruction, rehabilitation and upgrading of road networks spanning 381.3 kilometres across Ashanti, Brong Ahafo, Eastern and Northern regions from 2019 to 2023, to be funded through the medium-term budgetary allocation. […]
The Public Interest Accountability Committee (PIAC) has faulted the Finance Ministry for including some unspent GH¢440 million from 2017 in this year’s budget expenditure. PIAC has described as misleading a claim by the Ministry that the GH¢ 440 million unspent oil revenue in 2017 is part of its GH¢ 1.5 billion budgetary expenditure for this year. In […]
The Ghana Revenue Authority (GRA) is confident of achieving its GHc45 billion tax target this year by stepping up efforts to boost revenue collection in the mining sector in what amounts to a significant tightening of the fiscal framework within which mining companies will operate henceforth. Accordingly, the Ministry of Finance and the GRA has […]
The Ghana Health Service has served notice that it will commence the recruitment of medical officers from the 14th of January 2019. This follows clearance by Ministry of Finance for the Service to embark on the recruitment exercise. The recruitment which targets newly qualified medical doctors in particular, will end on Friday, 18th January 2019. […]
The Ministry of Finance has rebutted media reports that the Eva Mends, the immediate past Director of Budget at the Ministry has been kicked out from her position. News was rife during the week about the removal from office of Madam Mends who is said to be one of the wives of the late ruling […]
Government has released an amount of Fourteen Million, One Hundred and Seventy Two Thousand, Three Hundred and Thirteen Ghana Cedis twenty three pesewas for the payment of outstanding transfer grants and other allowances of staff of the Ghana Education Service. A letter signed by the Minister for Finance Ken Ofori-Atta and addressed to the Controller […]
The Minister for Finance, Ken Ofori Attah has described as shocking how some top officials of the Bank of Ghana and the Ministry of Finance invested in gold trading firm Menzgold. According to him, the officials who can best be described as elite and who should have known better, were rather those who chose to […]
The Public Interest and Accountability Committee, (PIAC) has said the Ministry of Finance is deliberately pretending to be confused about the provisions of the law establishing the petroleum revenue management Act and its creation, the petroleum holding fund. According chairman of PIAC, Dr. Steve Manteaw, excuses given by the Ministry of Finance on the whereabouts […]
