Ghana’s 2025 Budget has unveiled five key interventions aimed at transforming the country’s economy, boosting job creation, and stabilizing national finances. These initiatives were announced by Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025. 1. 24-Hour Economy The 24-Hour Economy policy seeks to stimulate sustained economic growth by enabling businesses and institutions...
Author: Baina Media (Baina Media)
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Amin Adam Claims GOLDBOD is a Vehicle for ‘Looting’ Public Funds
Former Finance Minister Dr. Mohammed Amin Adam has made some serious allegations against the current administration, accusing them of setting up the Ghana Gold Board (GOLDBOD) as a way to misappropriate public funds. Specifically, he’s taking issue with the allocation of GH₵270 million to GOLDBOD, which he believes is not only unjustified but also a...
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Government Won’t Use Public Funds to Rescue Bank of Ghana- Finance Minister
Finance Minister Dr. Cassiel Ato Forson has made it clear that the government won’t be using taxpayer funds to bail out the Bank of Ghana (BoG) to the tune of ¢53 billion. This decision comes after the central bank’s request for a bailout due to its negative equity challenge under the previous Ernest Addison-led administration....
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Deputy Finance Minister Defends 3% Hike in Growth and Sustainability Levy
Deputy Finance Minister Thomas Ampem Nyarko has defended the government’s proposal to increase the Growth and Sustainability Levy on mining companies from 1% to 3% of their gross production. This move aims to boost national revenue generation, particularly when global commodity prices are favorable. According to Ampem Nyarko, the modest increment is necessary to ensure...
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2025 Budget: Patrick Boamah Spells Out Minority’s expectations.
Lawyer Patrick Boamah, Member of Parliament for Okaikwei Central, has outlined the minority’s expectations ahead of the 2025 Budget presentation by Finance Minister, Dr. Ato Forson, scheduled for Tuesday, March 11, 2025. The law maker outline the expectations of the minority where he stated that (the minority) will be expecting a clear cut policy and...
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2025 Budget Pivotal to Ghana’s Economic Revival – Ato Forson
Finance Minister, Dr. Cassiel Ato Forson, has sounded a note of caution, stating that despite recent efforts, the country’s economy remains in distress. Speaking during a youth engagement session, on X space, hosted by social media influencer KalyJay, Dr. Forson emphasized that Ghana is not yet out of the woods and requires careful measures to...
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Education Minister urges Indonesia to establish Islamic Medical University in Northern Ghana
Education Minister, Haruna Iddrisu, is calling on the Indonesian government to establish an Islamic Medical University in Northern Ghana. This institution, according to the minister would help bridge the development gap between the northern and southern parts of the country, while strengthening educational and diplomatic ties between Ghana and Indonesia. The education minister believes that...
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President Mahama Defends Scaled-Down Independence Day Celebration
President John Dramani Mahama has defended the government’s decision to scale down Ghana’s 68th Independence Day celebration, citing the country’s severe economic crisis. Speaking at the Jubilee House, where the event was held instead of the traditional Black Star Square, Mahama emphasized the need for fiscal prudence in the face of financial challenges. The President...
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Mahama Attributes Scaled-Back Independence Celebration to Economic Hardship
Former President John Dramani Mahama has attributed the government’s decision to host a scaled-back 68th Independence Anniversary celebration to the current economic hardship facing the country. Speaking during the 68th Independence Day celebration at the Jubilee House, Mahama noted that the economic challenges have left many citizens struggling, making it necessary for the government to...
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It’s time for lasting peace to prevail in Bawku – President Mahama
President John Dramani Mahama has made a passionate appeal for lasting peace to prevail in Bawku and its surrounding areas. Speaking at Ghana’s 68th Independence Day celebration at the Jubilee House, Mahama emphasized that the time for peace is now, urging all factions to work towards reconciliation. The President lamented the devastating impact of the...