President John Dramani Mahama is embarking on a crucial visit to Bawku and Nalerigu today, Tuesday, January 14, 2025, with a strong determination to resolve the long-standing conflict in Bawku. This conflict has been ongoing for decades, and the President aims to use this visit as an opportunity to engage with the conflicting factions and...
Author: Baina Media (Baina Media)
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‘As part of our 120-day agenda, we will abolish the E-levy’ – Ato Forson
Ghana’s Finance Minister-designate, Dr. Cassiel Ato Forson, has unveiled plans to abolish the controversial E-Levy and Betting Tax within 120 days of taking office. This move aims to ease the financial burden on Ghanaians and promote economic stability. “As part of our 120-day agenda, we will abolish the E-Levy,” he announced. Key Highlights of Dr....
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We need to identify the wasteful budgets and cut them… – Ato Forson (Finance Minister Designate)
Dr. Cassiel Ato Forson, the Finance Minister-designate, has announced plans to establish an Independent Value for Money Office. This new office will help reduce waste in the public sector by working with parliament to check government expenditure and prevent overspending. Speaking before the Appointments Committee of Parliament, Dr. Ato Forson emphasized that wasteful expenditure is...
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Scrapping betting tax will not affect the economy – Ato Forson
Finance Minister-Designate Dr. Cassiel Ato Forson has played down concerns about the economic impact of scrapping the betting tax, citing its relatively minor contribution to the national coffers. The tax generates less than GHC50 million annually, a drop in the bucket compared to the country’s overall revenue. Dr. Ato Forson’s remarks came during his vetting...
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Ato Forson, Jinapor and Ayine to be vetted today
Parliament is set to commence the vetting of the first batch of ministerial nominees presented by President John Dramani Mahama today, Monday, January 13, 2025. The vetting process will begin with the examination of Dr. Cassiel Ato Forson, the Member of Parliament for Ajumako-Enyan-Esiam and current Majority Leader, who has been nominated as the Minister-designate...
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EC Publishes Official Presidential Results for 275 Constituencies
Ghana’s Electoral Commission has officially released the results of the 2024 presidential election, with one constituency’s results still pending. According to the updated results, National Democratic Congress (NDC) candidate John Mahama secured victory with 6,591,790 votes, representing 56.42% of the total votes cast Mahama defeated his closest contender, Dr Mahamudu Bawumia of the New Patriotic...
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Gov’t to borrow GHȼ200bn from T-bill market in 2025 – Report
The government is expected to borrow approximately GH₵200 billion from the Treasury bill market in 2025, representing a reduction from an estimated GH₵220 billion in 2024, according to Databank Research. This projection reflects an average weekly borrowing of GH₵3.9 billion, down from GH₵4.2 billion in the previous year. In its 2025 Ghana Market Outlook report,...
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ORAL has gathered sufficient evidence on looted state properties – Ablakwa
The Member of Parliament for North Tongu and Chairman of the Operation Recover All Loot team, Samuel Okudzeto Ablakwa, has announced that the team has gathered substantial evidence of looted state assets by appointees of the previous administration. According to Ablakwa, the collected evidence will soon be presented to President John Dramani Mahama for further action. Weeks...
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Ato Forson Announces Plans to Seek More IMF Support for Ghana
Ghana’s new government, led by President John Dramani Mahama, is considering seeking additional funding from the International Monetary Fund (IMF) to support the country’s economy. This move is aimed at cushioning the economy and addressing the challenges it faces. Economic Challenges Ghana’s economy has been experiencing significant challenges, including a high inflation rate and a...
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Ghana ranks second in global IMF poverty loans
Ghana ranks as the world’s second country indebted under the International Monetary Fund (IMF) Concessional Lending and Debt Relief Trust. The country holds an outstanding exposure of 2.242 billion Special Drawing Rights (SDR) representing 17% of the total borrowings from the IMF. This is captured in the IMF’s latest financial statements and quarterly reports ending October 31,...