Former Deputy Finance Minister Ato Forson has condemned the abolishment of import duties on spare parts, claiming the move will soon make the country a dumping ground for over-aged vehicles and parts. According to him, the National Democratic Congress government did not introduce such taxes to only generate revenue but also check the importation of … Read more
The maiden budget statement of the Akufo-Addo-Bawumia government delivered Thursday by Finance Minister, Ken Ofori-Atta is misleading and bereft of specificity, members of the minority in parliament have said. “This budget is very deceptive. It is populist. It doesn’t preserve the medium term objective of this country,” a former Deputy Finance Minister, Cassiel Ato Forson, … Read more
The maiden budget statement of the Akufo-Addo-Bawumia government delivered Thursday by Finance Minister, Ken Ofori-Atta is misleading and bereft of specificity, members of the minority in parliament have said. “This budget is very deceptive. It is populist. It doesn’t preserve the medium term objective of this country,” a former Deputy Finance Minister, Cassiel Ato Forson, … Read more
Members of Parliament on Thursday, March 2, breached their own regulations over the use of placards in the House. The Leadership of Ghana’s Parliament on Friday, February 24,2017 banned the use of placards by members during the budget presentation. Making a case for the ban, Majority Leader and Minister for Parliamentary Affairs Osei Kyei-Mensah Bonsu … Read more
Former Deputy Finance Minister Ato Forson has said that the 2017 budget statement and fiscal policy has nothing new to offer. According to him, the budget will only be a reiteration of ‘unachievable’ campaign promises and pledges made by President Akufo-Addo and his Vice Mahamadu Bawumia during the electioneering period. “from what I’m hearing, it … Read more
A former Deputy Finance Minister has disclosed the governing New Patriotic Party (NPP) might tap into statutory payments to finance its many campaign promises. Casiel Ato Forson said President Nana Addo Dankwa Akufo-Addo’s statement on the economy during the State of the Nation’s Address last week points to how he intends to fund his government’s … Read more
Finance Minister Ken Ofori Atta is expected to announce the abolition of import levies and taxes among others on some financial services as he prepares to present the 2017 budget in Parliament Thursday. The Budget presentation, which will be the first of the Akufo-Addo administration would be also expected to spell out sources of funding … Read more
Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, Germany’s deputy Finance Minister said in an interview broadcast on Sunday, reiterating the German government’s opposition to debt relief for Athens. “There must not be a bail-in,” Jens Spahn told German broadcaster Deutschlandfunk, according to a written … Read more
Former deputy Finance minister Ato Forson has criticised President Akufo-Addo for failing to stick to the facts in his State of the Nation Address delivered last Tuesday. Debating the address in Parliament Thursday, the Ajumako Enyan Essiam MP Cassiel Ato Forson pointed out as false the claim that under the former NDC government, Ghana’s economy … Read more
The former chief executive of South Africa’s state-owned power utility was sworn in as a member of parliament Thursday in a move that could deepen a power struggle within the ruling ANC party. Brian Molefe, a close ally of President Jacob Zuma, is expected to be promoted into the cabinet and play a key role … Read more
Nana Addo’s SONA which is the President’s maiden State of the Nation Address since assuming office has drawn innumerable reactions from members of the public since after its delivery on Tuesday, 21st February, 2017. In the address, President Nana Akufo-Addo dwelt so much on the very many backbreaking economic burdens transferred to him by his … Read more
A former Deputy Finance Minister under the previous National Democratic Congress (NDC) government, Fifi Kwetey, has said that President Akufo-Addo is unaware of the realities existing in some sectors of the economy; for which reason he is creating the impression that the difficulties can be easily resolved. He said Akufo-Addo’s comments during the State of the … Read more
Former Deputy Finance Minister Cassiel Ato Forson has lambasted President Akufo-Addo for painting a glum picture of Ghana’s economy. In his maiden State of the Nation Address, Akufo-Addo gave a damning report on the country’s economy. In the address which lasted for about an hour, the president said “the reality of the state of Ghana’s … Read more
A slew of Minority MPs have put in an early assessment of President Akufo-Addo’s maiden State of the Nation Address, concluding with one common theme – the speech was too partisan. Deputy Finance Minister and Ajumako -Enyan- Essiam NDC MP Cassiel Ato Forson, North Tongu MP Samuel Okudzeto Ablakwa, and Ningo-Prampram MP Sam George spoke … Read more
Former deputy Minister in the erstwhile Mahama administration has accused President Nana Akufo-Addo of being economical with the true state of Ghana’s economy. Cassiel Ato Forson said the president in delivering his maiden State of the Nations Address chose to double in politics instead of state the true facts. “I’m disappointment because if you [Nana … Read more
Former deputy Finance Minister, Mona Quartey has dismissed reports that the central bank is paying Sibton Switch Systems Limited to implement a retail payment system infrastructure in Ghana. The contract, which is seen by many industry watchers as unnecessary and shady, will see Sibton Switch Systems Limited – a company formed in August 2015 – … Read more
A former deputy finance minister, Mrs Mona Helen Quartey, has cast doubt on government’s ability to fulfil the free SHS policy this year. The New Patriotic Party NPP) government’s flagship programme, according to President Akufo-Addo, will start from September 2017. However, there has been controversy over the funding of the free SHS policy after Senior … Read more
A Digital Services Finance Consultant, Kwame Oppong has described as untrue suggestions that the Bank of Ghana (BOG) is committing an amount of GHC 4.6billion of public funds into the proposed switch to interconnect mobile money transactions. He explained that on the contrary, the said amount is to be provided by the private operator of … Read more
Former Deputy Finance Minister, Mona Helen Quartey has cast doubt on government’s ability to fulfill the free SHS policy this year. The NPP government’s flagship programme, according to President Akufo-Addo will kickstart September, 2017. However, there has been controversy over the aspect of funding in the free SHS policy after Senior Minister Yaw Osafo Maafo … Read more
Veteran journalist Kwaku Baako says the NPP government has a clear vision on how it intends to fund its free SHS campaign promised expected to cost GHC 3.6 billion annually. He said even before the NPP won political power in December 2016, the party’s 2016 flagbearer Nana Akufo-Addo had revealed it would use monies from … Read more