The Ghana Ports and Harbours Authority (GPHA) has expressed worrying concerns over its planned payment of three and a half months of staff basic monthly wage as end of year bonus to its employees. A statement signed by the Authority’s head of Marketing and Corporate Affairs, Esther Gyebi-Donkor blamed the media for wrong reportage upon […] The post GPHA
Ghana faced off against Portugal on Thursday in Group H in the ongoing FIFA World Cup in Qatar. Despite the spirited play by the Black Stars at the 974 Stadium in Doha, the West African country still suffered a 3-2 defeat to the Portuguese. A controversial penalty awarded to Portugal a few minutes after the […] The post Who at all was the referee for the Ghana vs Portugal
Government has revealed that the country is at high risk of debt distress and has agreed on a debt management strategy with the International Monetary Fund (IMF). This comes on the back of the current debt sustainability analysis conducted by the country, as part of the negotiations to secure support from the MF. Delivering the […] The post Ghana in high risk of debt distress
Some Business owners in Kumasi in the Ashanti Region have expressed disappointment over Government’s tax policies contained in the 2023 Budget Statement. According to the traders, the new measures announced by the Finance Minister will only worsen the cost of doing business and burden consumers. They say the increment in the Valued Added Tax (VAT) […] The post Don’t
A two-minute collapse in the second half by Ghana’s Black Stars helped Portugal pick up a 3-2 win in their Group H clash. Andre Ayew’s 73rd-minute goal cancelled out Cristiano Ronaldo’s penalty and appeared to have given the Stars a new lease of life. However, goals from Joao Felix and Rafael Leao put Portugal back […] The post Portugal hang
The Minister of Finance, Ken Ofori-Atta has said that the government has made robust plans to boost local production and reduce the importation of goods. According to him, the government intends to “cut the imports of public sector institutions that rely on imports either for inputs or consumption by 50%”. He said this as part […] The post Gov’t to cut imports
The Finance Minister, Ken Ofori-Atta says government greatly emphasises with Ghanaians over the undue economic pressures they are faced with. Mr. Ofori-Atta commended Ghanaians for enduring the hardship that has crippled the economy. Presenting the 2023 budget in Parliament on November 24, 2022, the Finance Minister stated that, “The current challenges on the back of […] The post We’ve
Individuals and institutions seeking to receive hampers from Municipal Metropolitans and District Assemblies (MMDAs) and State Owned Enterprises (SOEs) this year will have their hopes dashed. This is because government has slapped a ban on such expenditures. This decision was announced by the Finance Minister, Ken Ofori-Atta on Thursday, November 24, 2022, during the 2023 […] The post No
The West African Examinations Council (WAEC) says it will release the West African Senior School Certificate Examination (WASSCE) 2022 results on November 30. “The new target date for the release of the WASSCE (SC) 2022 results is November 30, 2022,” WAEC said in a statement signed by the Head of Public Affairs, Agnes Teye-Cudjoe said. […] The post WAEC to release
The government has revealed plans to leverage the GhanaCares Obaatanpa project to bolster the productive and export capacity of the private sector. Presenting the 2023 budget statement, Minister of Finance, Ken Ofori Atta, said the high food prices and pressures on the local currency validates the current focus of the GhanaCARES Programme to bolster the […] The post GhanaCares
On Sunday, November 20th – the Football World Cup (not American Football, please!) kicks off (not throw-off!) in Qatar. As a citizen of Ghana, and an undergrad and amateur footballer in South Korea, the one match I’m looking forward to is that between the Black Stars of my West Africa birth country versus the Taeguk […] The post Ghana vs South Korea
The Government of Ghana intends to spend a total amount of GH¢205.4 billion in 2023, including the clearance of its arrears. This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, when he presented the 2023 budget statement and policy comment to Parliament. This is despite government’s own revenue target of GH¢143. 9 […] The post Gov’t
Ghana’s Cedi has declined by 53.8% in value against major currencies, since the beginning of 2022, Finance Minister Ken Ofori-Atta has said. Presenting the 2023 Budget in Parliament on Thursday, Mr. Ofori-Atta blamed the demand for foreign exchange as one of the reasons for the decline of the cedi. “The demand for foreign exchange to […] The post Cedi
The Finance Minister, Ken Ofori-Atta presented the 2023 budget in Parliament on Thursday. In the budget, he among other things announced a 2.5% rise in VAT from next year and the reduction in the e-levy rate from 1.5% to 1%. Below is the full statement read by Mr. Ofori-Atta. 2023 BUDGET SPEECH 24TH NOVEMBER […] The post 2023 budget statement and economic policy [Full
Finance Minister, Ken Ofori-Atta, has indicated that the government through the Development Bank Ghana (DBG) will invest GH¢50 million in the agricultural sector as part of a broader plan to bounce the Ghanaian economy back and set it back to its pre-COVID-19 levels. “Mr. Speaker, Government through the Development Bank Ghana (DBG) has established a […] The post Gov’t
The Minister of Finance, Ken Ofori-Atta has stated that the economic recovery of the country is largely dependent on the outcome of the Russia-Ukraine war. In his presentation of the 2023 Annual Budget Statement and Economic Policy to Parliament, Mr. Ofori-Atta said the country’s external sector performance will depend on the quick resolution of the […] The post Ghana’s
The Accra Criminal Court 5 Division of the High Court has remanded Huang Lei, the son of Aisha Huang, to the Nsawam Medium security prison. This is pending Huang Lei’s trial for immigration offences. He stands trial together with another Chinese national, Huang Haihua for remaining in Ghana after the expiration of permits, possession of […] The post Aisha Huang’s son sent to Nsawam
The Government has announced its plans of expanding the Livelihood Empowerment Against Poverty (LEAP) programme to cover more extremely poor and vulnerable people in the country, whilst taking steps to review other social protection programmes for efficiency. Minister for Finance, Ken Ofori-Atta who announced this during the 2023 Budget Statement and Economic Policy presentation to […] The post #GhBudget:
The Finance Minister, Ken Ofori-Atta has given assurances that the country will rise again despite the current economic challenges citizens are experiencing. He said, the government has put measures in place to reset the economy, calling on Ghanaians to assist the government to bring the nation back on track. According to the embattled Finance Minister, […] The post Ghana will rise
Finance Minister, Ken Ofori Atta, has announced the ban on the use of V8 and V6 vehicles by government officials effective January 2023. He made the announcement on Thursday, November 24, 2022, when he presented the 2023 budget to Parliament. He said this is part of measures by the Government to manage its expenditure in […] The post No more use of V8s and V6s from 2023 – Gov’t
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS