Private Sector Must Own Exim Bank

The Minister for Finance, Mr. Seth Terkper has urged the private sector to brace itself up to own Ghana’s Export and Import (EXIM) Bank as the country prepares for massive industrialization. Speaking at the annual general assembly of the Association of Ghana Industries (AGI) in Kumasi, the Minister touted the power stabilization program of the … Read more

Government Releases GH¢50m For Prisons Expansion

The Government of Ghana has released GHC50 million for the construction of the Country’s only Remand Home at the Nsawam Medium Prisons which will go a long way to reduce the risk of infectious crime skills transfer. President John Dramani Mahama, after his historical tour of the Nsawam Medium Prisons last year which was initiated … Read more

GRA Gets E-Payment Platform

Ghana Revenue Authority (GRA) in partnership with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty as tax collector seeks to seal loopholes for tax evasion. The platform dubbed: “The Ghana National Single Window CashXPress Card” is a reloadable pre-paid card that offers a new, convenient and secure … Read more

GRA Launches E-Card For Customs Duty Payment

The Ghana Revenue Authority in collaboration with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty. The platform dubbed, “The Ghana National Single Window CashXPress Card” is a reloadable pre-paid card that offers a new, convenient and secure way to make trade payments easy. Finance Minister, Seth Terkper, … Read more

AGI Demands Review of Ghana’s Industrial Policy To Revive Manufacturing Sector

The Association of Ghana Industries (AGI) is demanding for an urgent review Ghana’s industrial policy to help in the resuscitation of the country’s manufacturing sector. The Ghana Industrial Policy was developed together with the private sector five years ago, in addition to the Industrial Sector Support Programme, which served as an implementation programme. President of … Read more

Cedi Stability Requires Export-Driven Boost – Terkper

Finance Minister, Seth Terkper, has acknowledged that despite the cedi’s relative stability this year, stronger measures, beyond the sale of external dollar debt, are required to shore up local dollar supply, and bolster the local currency. “We can’t continue to borrow to sustain the currency. I do believe that we have to look at value … Read more

Mahama Not Presidential Material

President John Mahama “is not a presidential material”, Ghanaian-Lebanese author and journalist Fadi Daboussi has said. “He has failed and must give way to somebody of better presidential calibre”, the pilot who was detained by the BNI a few months ago over his critical articles about the president told Chief Jerry Forson on Accra100.5FM’s morning … Read more

Daboussi Launches Red Book To Expose Green Book ‘lies’

The Green Book containing achievements of the governing National Democratic Congress (NDC) is “fraught with inconsistencies and absolute lies,” Ghanaian-Lebanese journalist and author Fadi Daboussi has said, adding: “… The book contains total lies …” This, he said, has prompted him to launch a Red Book to expose the Green Book’s “lies.” “Ghanaians deserve better. … Read more

Election Slowing Port Operations

The upcoming presidential and parliamentary election is slowing operations at the ports, according to the Chief Executive Officer (CEO) of the Shippers Authority, Dr. Kofi Mbia. Dr. Mbia adds that many traders are hesitant to import goods due to uncertainties over the elections. “We have been monitoring the development over the period, the second quarter … Read more

Gov’t Coaxes Electorate; Promises Not To Increase Taxes

The current Mahama administration has begun using sugarcoated words to convince Ghanaians to retain it in office in the December polls. In 2008 and 2012, the NDC administration announced that it would not impose taxes on Ghanaians. But ever since the ruling National Democratic Congress (NDC) assumed office, it has imposed over 20 taxes on … Read more

Mahama Assures People of Manya Krobo

President John Dramani Mahama has assured the people of Manya Krobo of accelerated development in the traditional area and asked them to have hope in his National Democratic Congress (NDC)-led government. He said already, the government had undertaken a number of development projects to better the lives of the people and that more would be … Read more

Terkper Hunts For US$2bn From China

The government has revived talks with the China Development Bank (CDB) for the remainder of the almost US$2 billion loan facility it abandoned in 2014. The government suspended discussions with the Chinese bank after the country utilised the first tranche of US$ 1 billion from the US$3 billion loan agreed with China in 2011. The … Read more

We’ll Use Oil Revenue To Pay Government’s Borrowing

The Minister of Finance, Seth Terkper has indicated that government will continue to use revenue from the country’s oil and gas resources to pay its borrowing. “We are going to continue to set aside the oil revenues to pay down some of the borrowing. There is nothing that says we should only be refinancing,” he … Read more

Ghana Will Lose GHS1bn If We Scrap New Taxes

Finance Minister Seth Terkper has revealed that government will lose about GHS1billion if some new taxes introduced are scrapped. The minister who dispelled accusations that he tax-happy indicated that the taxes imposed by government were necessary to streamline the tax base to correspond with global business changes. He explained that government will remove some of … Read more

I Don’t Love Taxing

Finance minister Seth Terkper has dismissed claims that he is infatuated with taxes. Critics have often lambasted the Mahama government for imposing excessive taxes on Ghanaians, with many attributing the situation to the management style of Mr. Terkper. Some finance experts in Ghana are quick to compare the tax regime in Ghana to that of … Read more

Gov’t Negotiates To Access Remaining US$3bn Chinese Loan

Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said. This loan will be repaid by leveraging revenue flows from lean gas from the country’s Jubilee oil field. The China Development Bank (CDB) disbursed US$1billion of … Read more

Govt’s Intention To Mortgage Gas Reserve Not Ideal

Energy expert, Kojo Poku says government’s intention to mortgage Ghana’s gas reserve with China for a Chinese loan is unjustifiable. The New Patriotic Party in a press conference earlier this week alleged that government has taken a decision to mortgage its gas reserve with china. The move according to the party is to lure China … Read more

Govt’s Intention To Mortgage Gas Reserve Not Ideal – Energy Expert

Energy expert, Kojo Poku says government’s intention to mortgage Ghana’s gas reserve with China for a Chinese loan is unjustifiable. The New Patriotic Party in a press conference earlier this week alleged that government has taken a decision to mortgage its gas reserve with china.  The move according to the party is to lure China … Read more

Petroleum Ministry Rubbishes NPP’s Claims Ghana’s Gas ‘given’ To China

The New Patriotic Party alleged that President Mahama has committed Ghana to supplying all the Natural Gas Liquids (NGLs) to be processed by the Ghana Gas processing plant at Atuabo from 2018, estimated at the value of $1.5 billion. NPP’s Policy Advisor Boakye Agyarko said: “the Mahama Cabinet has recently given approval to a proposal … Read more

Why the People Have To Show Mahama the Red Card

Watching President John Dramani Mahama on television on the campaign trail, the Head of State cut a forlorn picture of a man at his wits end. He appears to be out of touch with the reality on the ground, and making promises, which he knows too well that the people he has been addressing do … Read more