In the face of Ghana’s economic travails, the country’s Finance Minister, Ken Ofori-Atta is praying for a resurgence akin to the Black Stars’ in the coming months. With the Stars set to return to the world stage later today against Portugal, Ofori-Atta sought inspiration from the team’s rise when presenting the national budget for 2023...
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We’ve made substantial progress with IMF – Ofori-Atta
The Finance Minister says government has made significant progress with its negotiations with the International Monetary Fund (IMF). Ken Ofori-Atta said the Fund has assured of its strong support to the country in these difficult times. According to him, a preliminary fiscal adjustment path, and debt strategy have been agreed upon. Presenting the 2023 budget...
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2023 Budget: Government to cut imports of public institutions by 50%
The Finance Minister, Ken Ofori-Atta has announced some measures in the 2023 Budget aimed at boosting the local productive capacity of the economy. Outlining the measures on the Floor of Parliament, Mr. Ofori-Atta said government will cut the imports of public sector institutions that rely on imports either for inputs or consumption by 50%. It...
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Ronaldo and Manchester United issues not our problem- Otto Addo
Black Stars head coach Otto has indicated that the team is not perturbed by Cristiano Ronaldo’s problems with Manchester United ahead of their World cup opener against Portugal come Thursday. Ronaldo will face Ghana without a club after he and Manchester United mutually parted ways on Tuesday, following the Portugal star’s controversial interview. While some...
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Covid-19 Emergency Preparedness: Minister lays $60.6 million loan before Parliament
A Deputy Minister of Finance, Mrs Abena Osei-Asare, has laid before Parliament a loan agreement of $60.6 million as a Third Additional Financing for the Ghana Covid-19 Emergency Preparedness and Response project. The Deputy Minister did the presentation of the loan agreement for and on behalf of the Minister of Finance. The Finance Agreement is...
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NPP won’t go into opposition under my tenure – Stephen Ntim
The National Chairman of the New Patriotic Party (NPP) Stephen Ntim says he is determined to lead the party to victory in the 2024 elections. According to him, with the support of his party members, defying all odds to win the next elections is his only aim. Mr. Ntim says it will not be in...
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Minority blocks govt’s request for 3 loans amounting to $500m
The Minority in Parliament has kicked against government’s request for parliamentary approval for three loan agreements amounting to $500 million. This includes the request for $150 million for Primary Health Care Programme, $200 million to finance the Ghana Digital Acceleration Project and $150 million to support public finance management for service delivery programme. Speaking to...
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Attend to 2023 budget presentation – Majority, NPP leadership tell their MPs
The leadership of the Majority in Parliament as well as leadership of the New Patriotic Party (NPP) have asked all lawmakers on the side of the government to be present in Parliament when the Finance Minister Ken Ofori-Atta presents the 2023 budget statement. This comes after the lawmakers who are asking Mr Ofori-Atta to go have threatened...
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Young girls bemoan High cost of sanitary pads.
The challenging economic circumstances currently has affected the cost of goods and services in the country including sanitary pads. The prices of sanitary pads has shot up from five cedis currently selling at 20 Cedis. The soaring inflation has pushed up the cost of pads in Ghana, driving more girls out of school or to...
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52.86% of businesses claim their operations impacted by ‘galamsey’ – Survey
Fifty-two point eight six percent of businesses, according to a 2023 Pre Budget Survey by accounting and auditing firm, KPMG have indicated that their organisations have been impacted by galamsey activities. They are therefore proposing that government implement stringent measures to tackle the galamsey menance. Whilst 44.1% of the respondents who have been impacted by...