Goldfields has presented cheques worth $16 million to the Minister for Lands and Natural Resources, being Advance Guarantee Payments and dividend on its Damang and Tarkwa mines. The amount included one-million-dollar check covering Advance Guarantee Payment for the Damang mine, on which the company has development agreement with government. Mr. Alfred Baku, Executive Vice President … The post Goldfields
Mrs Lena Adu-Kofi, President of Ghana Insurance Brokers Association has urged smaller insurance brokers to merge, while others must seek investors and transform the fortunes of their companies. They should also collaborate with various stakeholders and sectors, such as the telecom companies and banks to proactively explore the possible opportunities in their market. Mrs Adu-Kofi … The post Smaller
Aviation Minister Joseph Kofi Adda has indicated that the newly refurbished Wa Airport, will be opened to domestic commercial air flights within two weeks to boost economic activities in the Upper West Region. He said several local airlines including Unity Air, African, Ashanti Air and Baby Jet have shown profound interest to operate in the … The post Wa
Ghana is being overwhelmed in chemicals contained in electronics waste, commonly known as e-waste. Despite donor interest and support to address the potentially explosive – environmental and public health risks, government after government has played politics with the problem. When the Minister of Finance, Ken Ofori-Atta presented the 2019 budget to Parliament yesterday November 15, … The post Minister
Ghana’s public debt including the financial sector bailout costs at the end of September 2018, was 57.4 per cent of rebased Gross Domestic Product (GDP), the Minister of Finance has said. Mr Ken Ofori-Atta said, excluding bailout costs, the debt was 53.9 per cent of rebased GDP; and that, the monetary policy rate dropped from … The post Public debt costs 57.4% of GDP –
The Minister of Finance, Ken Ofori-Atta, says government will amend the additional personal income tax band introduced in the mid-year budget to cover monthly income above GH¢20,000.00 at a rate of 30 per cent instead of the earlier GH¢10,000.00 at a rate of 35 per cent. Speaking during the presentation of the 2019 budget in … The post Proposed personal income
Mr Ken Ofori-Atta, the Minister of Finance and Economic Planning, has announced that government is working with the Social Security and National Insurance Trust (SSNIT) to develop a policy framework to provide informal sector workers with voluntary fully funded personal pension’s scheme. The scheme, which would be launched in 2019, would demonstrate the President’s commitment … The post Government
Government had outlined several interventions to ensure adequate revenue collection by the Ghana Revenue Authority (GRA) and to address leakages caused by non-compliance and debt on the part of taxpayers. A major part of this move, according Mr. Ken Ofori-Atta, Minister for Finance, is the retooling of the GRA to enable it deliver its mandate … The post Government to ‘bite’
Government has said to simplify the collection of withholding tax for both small scale mining operators and tax authorities, the point of collection of the tax will be shifted to the point of export. Mr Ken Ofori-Atta, the Minister of Finance, said in the Bill to make this happen, the exact details of the new … The post We will shift
The Government has set aside GH¢400 million, with an additional funding of $14 million from the African Development Bank, towards the establishment and operationalisation of the Ghana Incentive Base Risk Sharing System for Agricultural Lending (GIRSAL), next year. This system would to help manage the risks and stimulate private sector lending to the agricultural sector … The post Government
The Ministry of Trade and Industry, in collaboration with the Government of Poland, will receive a $100 million concessionary credit facility to establish an assembly and manufacturing plant for tractors and modern agricultural equipment. The facility is under the African-Polish Cooperation Framework. The tractor manufacturing plant would serve both the Ghanaian and ECOWAS markets geared … The post Ghana
The funding of the National Cathedral project will not put undue financial burdens on the state, Mr Ken Ofori-Atta, Finance Minister, has disclosed. Mr Ofori-Atta made this known on Thursday during his presentation of the 2019 budget statement and financial policy of the Government to Parliament on Thursday. He recalled that on March 6, 2017 … The post National
In connecting Ghana through digitisation and communication, the Government has established 400 telephony sites to provide voice signals to 2,000 unserved communities to bridge the digital divide and ensure nationwide coverage by 2020. Mr Ken Ofori-Atta, the Finance Minister, said in 2019, the Government would deploy an additional 600 telephony sites to provide voice signals … The post Government
The Kumasi Metropolitan Assembly (KMA) is in talks with PGP Group, a Spanish company, for the establishment of a waste-to-energy recycling plant. Mr Osei Assibey-Antwi, the Metropolitan Chief Executive (MCE), said when installed, the facility would help address the disposal of the ever increasing tonnes of waste in the city. Currently, the metropolis generates about … The post KMA
Ghana’s economy has performed well in the first nine months of 2018 and is on track to meet the set targets, Mr. Ken Ofori-Atta, Minister of Finance, has said. The 2018 budget statement projected an overall GDP growth rate of 6.8 per cent (5.6 per cent in the rebased series), non-oil GDP growth of 5.4 … The post Finance Minister says Ghana’s economy in
As part of efforts to boost housing supply and strengthen coastal protection, Government will continue to work on several housing projects. Mr Ken Ofori-Atta, Finance Minister said the Government would continue to work on projects such as the Saglemi Housing Project, where 4,100 of 5,000 homes would be completed in 2019, and the Cape Coast, … The post Government to boost housing
Tomato Farmers in the Upper East Region, who used to feed the Pwalugu Tomato Factory are increasing shifting to onion farming due to the long delay in the re-opening the factory. Mr Francis Ayinegebalah, a farmer, said over 40 of them had now gone into dry season onion farming. He announced this during a field … The post Tomato farmers in Upper East shift to onion
Finance Minister Ken Ofori Atta on Thursday defied hecklings and jeers and went on an almost four hours presentation of the 2019 Budget and Economic Policy of the Government to Parliament, assuring Ghanaians of better and more prosperous times ahead. He christened the budget, presented on the authority of President Nana Addo Addo Dankwa Akufo- … The post Ghanaians
Mr Isaac Adongo, Member of Parliament (MP) for Bolgatanga Central, has labelled the 2019 budget presented to Parliament by the Finance Minister as hollow. He said it was only “high on English but little in substance” and did not give confidence to the people. He added that it was going to bring hardship to Ghanaians. … The post 2019 budget going to bring
Mr Ken Ofori Atta, Minister of Finance and Economic Planning, said the country’s economic transformation agenda continues to have the private sector at its core and government has in the past 22 months built the fundamental structures to support a buoyant and flourishing private sector. He said government has provided a stable macroeconomic environment with … The post Government
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS