Former Deputy Finance Minister, Cassiel Ato Forson, has described as shameful, plans by government to approve monies for projects that were not captured in the 2018 budget statement. “For me I believe in fiscal discipline, and cannot be part of this…. I cannot witness or see the Minister of Finance go to this tangent. It … Read more
Barely eight days into the ultimatum given to the president by the Minority in Parliament to sack the Finance Minister for his involvement in the infamous ‘$2.25 billion Kenbond saga’, the president has expressed satisfaction with the work of the beleaguered minister so far. President Nana Addo Dankwa Akufo-Addo in his second State of the … Read more
The 7th floor of the Job 600 (West Wing) of Parliament became the centre of attraction when the Finance Committee of Parliament met with some stakeholders in the business sector to discuss the introduction and implementation of the 3% flat VAT rate proposed by government. The leadership of the Ghana Union of Traders Association (GUTA), … Read more
Parliament’s Finance Committee has invited the Finance Minister, Ken Ofori Atta to respond to concerns by various business associations over the implementation of the 3% VAT Flat rate scheme. The invitation also comes on the back of the numerous petitions by the businesses to Parliament on the impact of the VAT on their operations. The … Read more
At the beginning of April this year, the Government of Ghana seemingly took a giant stride in its ongoing efforts to deepen the country’s capital market and substantially expand its constricted fiscal space with the introduction of 15 year cedi-denominated treasury bonds. Prior to the issuance, the longest tenured bonds issued on the domestic market … Read more
The Minority National Democratic Congress (NDC) Caucus in the Parliament of the Ghana says Ghana in the next fifteen years would incur GH?5billion losses in the US$2.25billion domestic bond that was recently issued by the Finance Minister, William Ken Ofori-Atta. Mr. Ofori-Atta, Wednesday, told Members of Parliament when he appeared on the floor of the … Read more
Former Deputy Minister of Finance, Cassiel Ato Forson has accused the Akufo-Addo government of bad faith over the order of 43 vehicles by the Mahama administration for the presidency few days to the handing over power. Mr. Ato Forson reiterated a previous position by a fellow National Democratic Congress (NDC) Member of Parliament, that the vehicles … Read more
Finance Minister, Ken Ofori-Atta will later today [Wednesday], appear before Parliament to disclose the full details of the controversial $2.25 billion bond issued by the government in April 2017. This follows the passage of a half-hour motion last week by the House, to summon the minister to provide the full complement of documentation related to the … Read more
Deputy Chief Scribe for the opposition National Democratic Congress (NDC), Koku Anyidoho is blaming President Akufo-Addo’s government for the recent media blitzkrieg on Franklin Templeton Investments over the $2.25 billion bond saga. He strongly asserts the current administration did not go through the proper means in concluding the transaction. According to Koku Anyidoho, though the … Read more
Editor-in-chief of the New Crusading Guide Newspaper says the opposition National Democratic Congress and Minority in Parliament risk being embarrassed because as far he is concerned the $2.25 billion bond issue was above board. According to Malik Kweku Baako Jnr, the Minority is very much aware that there is no basis for their complaints, but … Read more
Financial Analyst and Member of Parliament (MP) for the Bolgatanga Central Constituency, has lashed out the Managing Director of Stanbic Bank and President of the Ghana Bankers Association, Alhassan Andani who had taken on people with concerns about the US$2.25 billion bond issued by government few week ago. Isaac Adongo, revealed that Alhassan Andani sees … Read more
Officials of the Bank of Ghana have exonerated the Minister of Finance in the controversial $2.25 billion bond issued in April, 2017. The Head of Financial Management Service at the Bank of Ghana, Stephen Opattah insists no single individual can skew the issuance of bonds to favour one person or another. He also insisted that … Read more
Parliament has asked the Ministry of Finance to explain the processes leading to the issuance of the $2.25 billion bond and allegations of conflict of interest arising out of the transaction. A statement signed and issued by the Minority Leader, Haruna Iddrisu, , said it was strange the same ministry failed to deny the relational … Read more
Monitoring and Evaluation Minister Dr Anthony Akoto Osei has urged Minority MPs to push for the appearance of Finance Minister Ken Ofori-Atta or petition the Commission on Human Rights and Administrative Justice (CHRAJ) to interrogate the $2.25 billion bond recently issued by government. Ninety-five per cent of the domestic bond issued by the Government of … Read more
Former Deputy Finance Minister Kweku Ricketts-Hagan has revealed that Minority MPs will petition the Commission on Human Rights and Administrative Justice (CHRAJ) if they do not get satisfactory answers on the bond saga. “We will take it to parliament for investigation and if we don’t think we are getting a satisfactory answer we will take … Read more
The Managing Director of Stanbic Bank, and President of the Ghana Bankers Association, Alhassan Andani has lashed out at critics of the 2.25 billion dollar bond issued by government some weeks back. The Minority group in parliament, led by a former Deputy Finance Minister, Mr. Cassiel Ato Forson alleged that the issuance was done in … Read more
The Managing Director of Stanbic Bank, and President of the Ghana Bankers Association, Alhassan Andani has lashed out at critics of the 2.25 billion dollar bond issued by government some weeks back. The Minority group in parliament, led by a former Deputy Finance Minister, Mr. Cassiel Ato Forson alleged that the issuance was done in … Read more
The Managing Director of Stanbic Bank, and President of the Ghana Bankers Association, Alhassan Andani has lashed out at critics of the 2.25 billion dollar bond issued by government some weeks back. The Minority group in parliament, led by a former Deputy Finance Minister, Mr. Cassiel Ato Forson alleged that the issuance was done in … Read more
There is no conflict of interest as far as the recent issuance of government’s $2.25 billion domestic bond is concerned, President of IMANI Ghana, Franklin Cudjoe, has said. “To be fair, I am struggling to see the conflict of interest,” he noted. Ninety-five per cent of the $2.25 billion domestic bond issued by the Government … Read more
Cassiel Ato Forson, a former deputy minister of finance has said that vice president Bawumia’s comment on the Minority being ignorant was ‘unpresidential’ behavior. At a press conference on Tuesday, the Minority had criticized government’s decision to issue a 15 year bond worth $2.25 billion dollars and accused the finance minister of a conflict of … Read more