It has emerged that the government has used GH¢5.24m from the state coffers to undertake various activities as part of the Ghana@60 celebrations. This revelation contradicts the President’s announcement that the funds for the year-long celebrations will sourced from private sector. A Deputy Minister for Finance, Kwaku Kwarteng made the revelation while addressing some issues … 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
The Vice President of the People’s Republic of China, Li Yuanchao, has announced his country’s preparedness to partner Ghana to undertake a massive transformation of her economy. Speaking at a State Reception for his Ghanaian counterpart, Dr Mahamudu Bawumia, at the Great Hall of the People in Beijing, H. E Yuanchao said China stands ready … Read more
The Vice President, Dr Mahamudu Bawumia, has challenged the investor community to take advantage of Ghana’s competitive advantages, especially within the West Africa sub-region, to make significant investments that would bring them appreciable returns. The Akufo-Addo government, Dr Mahamudu Bawumia indicated, is looking for “significant investments to do big things” and is putting the necessary … Read more
The Minority in Parliament has accused government of misleading Ghanaians with its promise to abolish taxes on the importation of spare parts. Minority Spokesperson on Finance, Cassiel Ato Forson, contended that the Customs Amendment Bill approved by Parliament is aimed at getting the necessary legislative backing to remove the import duties on spare parts, is … Read more
The Minority in Parliament has accused government of misleading Ghanaians with its promise to abolish taxes on the importation of spare parts. Minority Spokesperson on Finance, Cassiel Ato Forson, contended that the Customs Amendment Bill approved by Parliament is aimed at getting the necessary legislative backing to remove the import duties on spare parts, is … Read more
A Deputy Minister for Finance, Mr Kwaku Kwarteng, thinks that it was needles for the minority members of parliament to have invited the Minister of Finance, Mr Ken Ofori-Atta to the House over the $2.25 bond issue. To him, the minority from the National Democratic Congress (NDC) side who orchestrated the minister’s invitation, did not … Read more
GHACEM Limited, a leading cement producing company in Ghana, has presented a cheque for GH¢ 3.5 million as part of its dividend payment to government. A statement issued by the Public Relations Unit of the Ministry of Finance quoted the Managing Director (MD) for GHACEM, Mr Morten Gade, as saying that an initial amount of … Read more
Attorney General and Minister of Justice Gloria Akuffo has responded to a request by private legal practitioner Victor Kojoga Adawudu for details regarding the $2.25 billion bond issued by the Government of Ghana about two months ago. “I acknowledge receipt of your letter bearing reference number LL/17/26 and dated 4th May, 2017 on the above … Read more
Government says it is not perturbed about the minority’s petition to the Securities and Exchange Commission of the United States to investigate its $2.25 billion bond issued this year. It said the petition among other actions by the minority in parliament is only a diversionary tactic to sway Ghanaians from seeing the positive work the … Read more
The Finance Minister, Mr. Ken Ofori-Atta, has told Ghanaian Diaspora that the President Akufo-Addo-led government is focused on having an institutional mechanism to tap their capital and knowledge for the accelerated development of the country. To this end, he said that a special Diaspora conference will be held in Accra, from July 5 to 8, … Read more
The Ashanti Regional Youth Organiser of the opposition National Democratic Congress (NDC), Yaw Brogya Genfi, has petitioned the Commission on Human Rights and Administrative Justice (CHRAJ), in his capacity as a citizen of Ghana, to investigate the recent $2.25 billion bond issued by the government of Ghana. Mr Genfi’s petition follows assertions by the Minority … Read more
The Commission for Human Rights and Administrative Justice (CHRAJ) has confirmed it has received a petition to investigate the recent $2.25billion bond issued by the government of Ghana. Speaking to Emefa Apawu on 505 on Class91.3FM on Thursday 27 April, the Commissioner for CHRAJ, Joseph Whittal, said: “Yes, I can confirm that we…received a petition … Read more
A Deputy Minister of Finance-designate and the Member of Parliament (MP) for Obuasi West, Kwaku Kwarteng, told the Appointments Committee of Parliament which vetted him yesterday, that the bold decision taken by the Nana Akufo-Addo administration to limit borrowing on the domestic market, and also scrap obnoxious taxes, has already started yielding fruitful results. According … Read more
A nominee for Deputy Minister for Finance, Charles Kofi Asare Adu Boahen has fended off claims that he still holds allegiance to the United States of America. But 46-year-old investment banker was emphatic when he appeared before the Parliament’s Appointment Committee on Tuesday that he does not hold dual citizenship. During the vetting, the ranking … 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
Deputy Minister for Finance, Ms Mona Quartey has underscored the importance of an efficient and transparent procurement system in ensuring the achievement of Ghana’s pursuits in economic development. The Deputy Minister said various surveys and studies had attributed the failure of procurement systems to achieve good value for money and economic growth within Sub-Saharan Africa … Read more
The Customs Division of the Ghana Revenue Authority (GRA) and its IT partner-West Blue Consulting have commissioned two electronic zone facilities at the Kotoka International Airport (KIA), and Tema port. The E-zone facilities which were set up as part of the Ghana National Single Window (GNSW) project will provide 24/7 customer services to exporters and … Read more
By Cassiel Ato Forson In his typical fashion, Dr Mahamadu Bawumiah, Vice Presidential candidate of the New Patriotic Party, has presented a 2016 edition of his annual lecture, that simply comprises a mixture of half truths, outright lies and deliberate misinterpretation of economic trends and events, in an effort to discredit the economic stewardship of … Read more
The National Democratic Congress parliamentary candidate for the Ningo-Prampram constituency, Sam George says claims that he is not loved by his people in his jurisdiction is unfounded. Speaking at the Ningo-Prampram NDC campaign launch Saturday, October 1, George said the untruths and false claims churned out by his opponents about him, will be laid bare … Read more