The Minority Leader Haruna Iddrisu is questioning why the Ministry of Finance is, on its own, writing to companies and revoking tax exemptions granted by Parliament. Iddrisu believes such an action by the Ministry is in flagrant violation of the 1992 Constitution. During the vetting of the Deputy Minister of Finance Kweku Kwarteng, the Minority … Read more
The Minority Caucus in Parliament has warned that the robust Ghanaian economy built by the immediate past NDC government led by Mr. John Dramanai Mahama will soon melt down following the introduction of some austerity measures and huge budgetary allocation to service Government Machinery by President Nana Addo Dankwa Akufo-Addo. The President, they noted, will … Read more
President Nana Addo Dankwa Akufo-Addo has the largest government in the whole world, Cassiel Ato Forson, former Deputy Minister of Finance, has said. In all, the president has appointed 110 ministers to help him govern the country for the next four years. His appointment has attracted criticism from a section of the Ghanaian public, mainly … Read more
Former Deputy Minister of Finance, Kweku Ricketts-Hagan, has backed the nomination of three deputy finance ministers, describing it as crucial due to the current nature of Ghana’s economy. Mr. Ricketts-Hagan believes the workload requirements of the Ministry of Finance means more than two deputies can help make effective execution of tasks would achievable. “Additional person … Read more
Former Deputy Minister of Finance, Kweku Ricketts-Hagan, has backed the nomination of three deputy finance ministers, describing it as crucial due to the current nature of Ghana’s economy. Mr. Ricketts-Hagan believes the workload requirements of the Ministry of Finance means more than two deputies can help make effective execution of tasks would achievable. “Additional person … Read more
The Majority New Patriotic Party (NPP) in Parliament yesterday accused the erstwhile Mahama administration of over-bloating its 2016 budget by GH¢8 billion. The National Democratic Congress (NDC) government also increased the national debt to GH¢122 billion from the GH¢9.5 billion it inherited from the Kufuor government in 2009. The NPP says for overstepping its 2016 … Read more
The Majority in Parliament is demanding an apology from the erstwhile National Democratic Congress (NDC) government for overspending its 2016 budget. The New Patriotic Party (NPP) Members of Parliament (MP) said former President John Mahama’s government broke the Appropriation Act (2016) when it spent over GHC51 billion instead of the approved GHC43 billion. Ayawaso West … Read more
Former Deputy Finance Minister, Ato Forson’s comments following the removal of taxes on spare parts has angered some spare parts dealers at the Suame Magazine in Kumasi. They are threatening a demonstration against him if he does not retract and apologise to them. The Member of Parliament for Ejumako suggested the abolishing of import duty … Read more
The Majority and Minority Members of Parliament (MPs) yesterday slugged it out as they began a debate on the Budget Statement and Economic Policy for the 2017 financial year. The contention was more on the gross domestic product (GDP) projection, revenue targets, expenditure projections and other indicators captured in the budget presented by the Minister … Read more
The Akufo-Addo government’s 2017 budget statement does not reflect reality and will lead to the biggest financial deficit in the history of Ghana, Kweku Ricketts-Hagan, a former Deputy Minister of Finance, has predicted. According to him, the government will not be able to raise the revenue for most of the things it has stated in … Read more
The former Deputy Finance Minister Mona Helen Kabuki Quartey has stated that the 2017 budget read by the Finance minister Ken Ofori Atta is not deceptive contradicting her colleague Cassiel Ato Baah Forson who described it as ‘deceptive’ and ‘populist’ which will cause future problems for Ghana. She admitted its populist but disagreed that it … Read more
The Minority in Parliament has described the Budget Statement and Economic Policy for the 2017 financial year presented by the government to Parliament yesterday as a deception devoid of actionable measures to achieve the set targets. It said, for instance, that the budget presented by the Minister of Finance, Mr Ken Ofori-Atta, failed to scrap … Read more
New Patriotic Party (NPP) Member of Parliament for Obuasi West Constituency, Kwaku Kwarteng, says the government’s aim of abolition and reducing some taxes is to help businesses expand and employ more. According to him, the government noticed the challenges most businesses suffer, and has taken the action to ensure that they do not collapse or remain … Read more
The Executive Secretary of the Importers and Exporters Association of Ghana, Samson Awingobit, has lauded government for his announcement of a cancellation of the 1 percent import levy. He is however appealing to the government to scrap the 2 percent levy, which largely affects second-hand clothing dealers. “If parliament accepts this budget and approve it, … Read more
A former Deputy Minister of Finance, Cassiel Ato Forson, has described the 2017 budget statement and economic policy presented before parliament as deceptive and populist. According to him, the budget does not fit into the country’s medium-term objectives and will lead the country into difficult times. “This budget is very deceptive, it is populist, it does … Read more
Finance Minister, Ken Ofori-Atta says public sector workers who are not biometrically registered on the Social Security and National Insurance Trust (SSNIT) will be removed from the government payroll. He said the size of the public sector wage bill, which accounts for a significant proportion of domestic revenue is a major concern for government. Speaking … Read more
A former Deputy Minister of Finance with the Mahama administration, Kweku Ricketts-Hagan, has blamed the Akufo-Addo government for the fast depreciation of the cedi against some major trading currencies. Mr. Ricketts-Hagan contends the economy is suffering from the New Patriotic Party’s scathing assessment when it was in opposition ahead of the 2016 elections. This has … Read more
A Deputy Minister of Finance with the Mahama administration, Kweku Ricketts-Hagan, has blamed the Akufo-Addo government for the fast depreciation of the cedi against some major trading currencies. Mr. Ricketts-Hagan contends the economy is suffering from the New Patriotic Party’s scathing assessment when it was in opposition ahead of the 2016 elections. This has created the impression … Read more
A Deputy Minister of Finance with the Mahama administration, Kweku Ricketts-Hagan, has blamed the Akufo-Addo government for the fast depreciation of the cedi against some major foreign currencies. Mr. Ricketts-Hagan contends the economy is suffering from the New Patriotic Party’s scathing assessment of it from when it was in opposition ahead of the 2016 elections. … Read more
As the analysis of President Akufo-Addo’s maiden State of Nation Address continuous, the minority has revealed what they term as evidence to back their claims that the address by the president was full of ‘lies’ and ‘half-truths’. One of such untruth according to the minority is the commitment by the Akufo-Addo government to construct the … Read more