The expectations of Ghanaians with regard to the campaign promise by President Nana Addo Dankwa Akufo-Addo and the NPP to reduce the burden of taxes imposed on them by the previous Mahama-led NDC government was met yesterday after Finance Minister Ken Ofori-Atta presented the government’s maiden Budget Statement and Economic Policy. The expectations of Ghanaians … Read more
The Minister of Finance has painted a rather gloomy picture of the country’s indebtedness which has resulted in a suffocating interest payment. According to Ken Ofori Atta, interest payment alone for monies borrowed is 42% of the country’s total revenue generated. Presenting his first budget statement under the Nana Akufo-Addo led administration, the Finance Minister … Read more
Credit Ratings Agency – Fitch – has said Ghana’s disclosure of $1.6billion unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlights substantial risks to the country’s public finances. It explained that public finances are an important ratings weakness, saying the new government is committed to fiscal adjustment under Ghana’s IMF … Read more
The maiden State of the Nation Address, delivered by President Nana Addo Dankwa Akufo-Addo, to Parliament, on Tuesday, in Accra has attracted mixed reactions. While some on the side of the Majority praised the President for a brilliant, inspiring and hopeful delivery, some on the Minority criticised the address, describing as lacking substance, and rather … Read more
President Akufo-Addo’s pledge to use agriculture as a vehicle to solving unemployment which is one of Ghana’s biggest challenges has set two Members of Parliament splitting hairs. Member of Parliament for Ketu South and former Agric Minister, Fifi Kwetey says agriculture cannot be the vehicle to solve Ghana’s joblessness but his successor Dr Afriyie Akoto … Read more
Citi Business News can confirm that Government is considering extending Ghana’s program with the International Monetary Fund(IMF). Minister of Monitoring and Evaluation, Dr. Anthony Akoto Osei who confirmed the move to Citi Business News said Government is seeking to extend the Extended Credit Facility program with the IMF to December 2018. According to him, even … Read more
Citi Business News can confirm that Government is considering extending Ghana’s program with the International Monetary Fund(IMF). Minister of Monitoring and Evaluation Dr. Anthony Akoto Osei who confirmed the move to Citi Business News said Government is seeking to extend the Extended Credit Facility program with the IMF to December 2018. According to him, even though … Read more
The Minister of Education, Dr Mathew Opoku-Prempeh, yesterday acknowledged that although rolling out the free senior high school (SHS) education policy would be tough, the government would spend every pesewa on the education of the Ghanaian child. “We know that it is daunting, but we have chosen the side of the Ghanaian child to be … Read more
Government is determined to have a digital Property Addressing System as well as a National Identification System by the end of the year, Vice-President Dr Mahamudu Bawumia has indicated. In line with this, provision will be made for the two systems in the maiden Nana Akufo-Addo government budget to be presented next month. Provision will … Read more
A New Patriotic Party member of parliament for Abetifi, Bryan Acheampong, has denied ever running a civil servants payroll software, which he used in stealing money from the state as alleged by musician Kwame A-Plus. A Plus in a Facebook post Wednesday, alleged that a civil servants payroll software run by Mr Acheampong is using … Read more
All assets found or being displayed at any facility serving as the seat of government, under normal circumstances belong to the state. It is, therefore, not common for one to hear or read that departing government officials from the White House in the United States of America or the Number 10 Downing Street in London … Read more
Minority Leader Haruna Iddrisu is accusing the barely one month old Nana Akufo-Addo government of suffering from policy credibility. Mr Iddrisu said the NPP cannot promise one thing in opposition and do the opposite after winning power. He was speaking on the Super Morning Show, Monday on the performance of six ministerial appointees vetted so … Read more
Minority Leader Haruna Iddrisu is accusing the barely one month old Nana Akufo-Addo government of suffering from policy credibility. Mr Iddrisu said the NPP cannot promise one thing in opposition and do the opposite after winning power. He was speaking on joy fm, Monday on the performance of six ministerial appointees vetted so far by … Read more
Oil Marketing Companies (OMCs) have expressed confidence in the new administration to complete the payments of the BDC debt. According to them, adequate structures have been put in place, for the payment of the debt without any undue delays. The prompt payment of the debts is expected to among other things facilitate the purchase of … Read more
Oil Marketing Companies (OMCs) have expressed confidence in the new administration to complete the payments of the BDC debt. According to them, adequate structures have been put in place, for the payment of the debt without any undue delays. The prompt payment of the debts is expected to among other things facilitate the purchase of … Read more
The Second Deputy Governor of the Bank of Ghana, Dr. Johnson Asiama has disclosed that the Bank of Ghana(BoG) will unveil new banknote in five-cedi (GH¢5) denominations. According to him, the banknote will be legal tender as well as a collector’s item. “The note will have new durable security features which can be easily identified … Read more
Maverick Member of Parliament for Assin Central, Kennedy Agyapong, has indicated that he will campaign against his party the New Patriotic Party (NPP) if they misuse the country’s money. According to him, he will be happy if people vote against a ‘corrupt’ NPP and bring in an incorruptible government who are ready to rule and … Read more
Former Attorney General, Martin Amidu, has said that former President John Mahama’s request to keep his official bungalow as part of his retirement package was a ploy he nursed over the years. John Mahama last week backtracked following a public outcry on a request he made to the Nana Akufo-Addo government to allow him keep … Read more
As the International Monetary Fund (IMF) prepares to meet the Nana Akufo-Addo government for its first review, discussions are rife on how the government’s tax cut programmes will fit into the External Credit Facility of the Fund. The government has promised a number of tax cuts, such as reducing corporate income tax from 25 to … Read more
The Chief Executive Officer of Dalex Finance and Leasing Company Limited, Kenneth Kwamina Thompson, has asked the Nana Akufo-Addo led administration to go beyond just scrapping taxes and rather come up with the policies and programmes that will allow the private sector to thrive. “I don’t think businesses collapse because of the taxes; businesses collapse … Read more