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....
Category: Business
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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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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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Bold Leadership Key to Ghana’s Economic Recovery – Dr. Yamson
Dr. Ishmael Yamson, Chairman of the National Economic Dialogue Planning Committee, has sounded the alarm on Ghana’s economic woes, citing poor governance and corruption as the root causes of a growing crisis. Speaking at the National Economic Dialogue’s opening on March 3, 2025, Dr. Yamson expressed deep concern over the rise of “Generation Hustlers” –...
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Mahama Exposes Critical State of Sinking Fund: $64,000 and GHS143m Remain”
President John Dramani Mahama revealed the truth about the state of Ghana’s finances during his first State of the Nation Address of his second term on Thursday, February 27, 2025. According to President Mahama, Ghana’s Sinking Fund, which was meant to provide a financial cushion for debt repayment, has been depleted to a mere $64,000...
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SONA: I’ll fix Ghana’s economic crisis – Mahama pledges
President John Dramani Mahama has made a bold promise to Ghanaians, assuring them that his administration will turn the country’s economy around by the end of his four-year term. In his first State of the Nation Address of his second term, delivered to Parliament on February 27, Mahama acknowledged the severe economic challenges facing Ghana,...
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2025 SONA: President Mahama Assures Bondholders of Prompt Payment
President John Mahama delivered a reassuring message to bondholders during his first State of the Nation Address (SONA) on February 27, 2025. He pledged to uphold all financial commitments, ensuring that bondholders receive their payments in full. Mahama’s promise aimed to calm the nerves of bondholders, particularly retirees, who had grown anxious about the impact...
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NPP govt never defaulted on coupon payments since restructuring of Domestic Debts – Amin Adam
Since the restructuring of the Domestic Debts, the previous New Patriotic Party (NPP) government did not default on coupons, former Finance Minister, Dr Mohammed Amin Adam has said. Buffers were also built in the Debt Reserves Accounts to support upcoming debt service obligations such as the 4th coupon payments, he said. Dr Amin Adam explained...