Have you ever heard this tale of Two Road Ministers? Well, one was from Ogyakrom; the other from Anago. They met at one of these numerous konom-tea (committee) meetings at an international forum. Both from West Africa, both English-speaking; they soon became friends. International conference over, they flew back to their respective countries but with … Read more
Former Chairman of Parliament’s Finance Committee, James Klutse Avedzi, has admitted his committee received money from officials of the National Lottery Authority before deliberating on the amendment of the National Lottery Act, 2006 (Act 722). He said the Authority first presented GHC 50,000 to the Committee “but when we looked at the provisions, we realised … Read more
Editor-in-chief of the New Crusading Guide Newspaper says the finance ministry’s response to a petition sent to the Commission on Human Rights and Administrative Justice on the issuance of a $2.25 billion bond in April rubbishes claims made by the Minority. The Minority raised questions about the manner in which the $2.25 billion was issued … Read more
The leadership of Parliament is expected to seek further clarifications from officials of the Ghana Revenue Authority(GRA) and the Finance Minister over the implementation of the Value Added Tax(Amendment)Act,2017, after they were cited for contempt. According to the Second Deputy Speaker of Parliament, Joe Osei Owusu, the leadership of the House will have to meet … 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
The Minority has accused the Finance Minister, Ken Ofori-Atta, of contempt of Parliament for failing to implement tax cuts approved by the House. Implementation of the tax cuts was expected to begin on June 1 but the Ghana Revenue Authority (GRA), which operates under the Finance Ministry, has postponed it to July. Minority Leader, Haruna … Read more
Stakeholders in the financial sector have pushed for the establishment of a Fiscal Council to put the government on its toes in observing prudence in public expenditure. According to the Public Financial Management Act, 2016 (Act 921), the prime fiscal policy objective of the government is to ensure macroeconomic stability within the macroeconomic and fiscal … Read more
Vice President, Dr. Mahamudu Bawumia, has re-echoed the NPP government’s plan to make Ghana an investment destination for investors as it commits to maintaining economic stability. At a gathering of investors and other stakeholders in the Diaspora, the Vice President outlined efforts by the government to restructure the economy and reduce the challenges that have … Read more
Vice President Dr Mahamudu Bawumia has assured Ghanaians in Diaspora that the Government was committed to making Ghana the most preferred destination and business-friendly economy on the African continent. The Vice President and Minister of Finance emphasised Government’s plans to increase revenue by deleting ghost workers from the payroll system, lowering taxes and addressing the … Read more
The Vice President Dr. Mahamudu Bawumia Saturday declared the mission of the Akufo-Addo government is to make Ghana the most successful and business friendly economy in Africa. He said this before a large crowd of Diaspora at the Ghanaian High Commission in Washington, D. C. The event capped a week of high level meetings for … Read more
A team of Senior Government Officials, led by the Vice President, are meeting partners in London, Washington D. C and New York to share the Government’s transformational economic agenda for addressing Ghana’s debt, attracting investments and creating jobs. Senior Minister Yaw Osafo Maafo and Minister Finance Ken Ofori Atta are part of the Non-Deal Roadshow … Read more
Vice President, Mahamudu Bawumia is leading a delegation of senior government officials to the United States and UK on a roadshow aimed at encouraging more private sector development into the economy. The delegation which left Accra includes Senior Minister Osarfo-Marfo and Finance Minister Ofori-Atta. The delegation also includes the Chairman of the Finance Committee, the … Read more
A team of senior government officials have embarked on a trip to London Washington DC and New York for a Non-Deal Roadshow The purpose of the Non-Deal Roadshow is to meet with Ghana’s bond holders, potential investors, US government officials and other key stakeholders to share the government’s transformational economic agenda to address the country’s … Read more
The Minority in Parliament has slammed the Ministry of Finance for personalizing the debate over the controversial US$2.25 billion bond. Government issued 15 and 7-year bonds with a coupon rate of 19.75%, raising a total amount of USD1.13 billion. The Finance Ministry additionally raised cedi equivalent of USD1.12 billion in five and 10-year bonds through … Read more
The Minority in Parliament has said the Ministry of Finance (MoF) must “come again” and explain to the public, the processes leading to the recent issuance of a $2.25billion domestic bond and the “conflict of interest situations arising out the transaction.” The Minority, in an earlier press conference claimed that the bond was issued in … Read more
The Chairman of the Economic Management Team, Vice President, Dr. Mahamudu Bawumia and the Finance Minister, Ken Ofori-Atta are leading a government delegation to the IMF/World Bank Spring Meetings leaving out Senior Minister ,Yaw Osafo-Marfo and Dr. Anthony Akoto Osei, Minister for Policy Monitoring and Evaluation. Although, details are sketchy, The Herald is informed that, … Read more
The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a Government delegation to the IMF/World Bank Spring Meetings to be held in Washington DC, from April 18 – 28, 2017. The delegation is made up of officials from the Bank of Ghana, led by … Read more
The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a Government delegation to the IMF/World Bank Spring Meetings to be held in Washington DC, from April 18 – 28, 2017. The delegation is made up of officials from the Bank of Ghana, led by the … Read more
The 2017 world Bank/IMF spring meetings are currently ongoing in the United States capital of Washington DC. The event scheduled from April 18 to April 23 is expected to host thousands of people from governments, civil society, academia, media, financial institutions and the private sector to discuss trade, business, financial policies and global economic and … Read more
The thebftonline.com has gathered that, the Ghana Civil Aviation Authority (GCAA) is working with government to eliminate import duty on aircraft parts and other ancillary aircraft equipment. According to the GCAA, this when done it will come up to add to the government’s removal of VAT on domestic airline tickets which is expected to increase … Read more