Finance Minister Ken Ofori Atta has admitted that there are hardships in Ghana, noting however, that government is not proud of it. In his initial commentary while presenting the 2019 budget statement in Parliament Thursday, Mr. Ofori Atta said the Akufo-Addo government is comforted by the measures being taken to ameliorate the plight of Ghanaians. […] The post Gov’t
The Finance Minister Ken Ofori-Atta has disclosed that the country’s debt has shot up GHC170.8 billion. Reading the 2019 Budget Statement and Economic Policy of government, Ofori-Atta said “Mr. Speaker, the nominal public debt stock as of the end of September 2018 was GHS170.8 billion, comprising external and domestic debt of GHS86.6 billion and GHS84.1 […] The post Ghana’s
Government has revealed plans to extend the tax stamp policy to textiles in order to curb smuggling of the product in the country. The move is aimed at protecting textile companies in the country and to increase jobs in the sector. The assurance was contained in the 2019 budget presented to Parliament by the finance […] The post Tax stamp policy to extend to textiles
The Finance Minister, Ken Ofori Atta, has revealed that the collapse of seven banks – unibank, Beige Bank, Sovereign Bank, Construction Bank, Royal Bank, Capital Bank, UT Bank – has cost the government an amount of GH¢9.9 billion. According to him, through government’s intervention in August this year, deposits of some GH¢11.0 billion have been […] The post Collapse
Government has taken measures to repay deposits of all customers of defunct DKM microfinance company, the Finance minister has revealed. Ken Ofori Atta told Parliament during the presentation of the 2019 budget Thursday that over 90% of customers deposits at DKM has been paid by the state. “In addition to all these clean-ups, Government has […] The post 2019 budget: 92%
The government has reviewed its policy of imposing a 35% tax on income over 10, 000 Ghana cedis. The Finance Minister, Ken Ofori-Atta, in July this year announced that a new band rate needs to be added to Ghana’s current five band graduated income tax rate for individuals. According to the Finance Minister, the new […] The post Gov’t reviews 35% tax on income earners
The Office of the Special Prosecutor has been allotted GHC180 million by the government to equip the office with the required personnel and material in order to discharge its mandate. “Mr Speaker, in line with government’s promise to protect the public purse, His Excellency the President remains committed to the fight against corruption.“The Special Prosecutor’s […] The post Amidu
The Minister of Finance has touted what he terms “remarkable achievements” of the two-year-old New Patriotic Party (NPP) government. Presenting the 2019 Budget in Parliament Thursday, Mr. Ken Ofori Atta said the Akufo-Addo led administration has put the economy on a sound footing to the extent that the country will no longer return to trying […] The post Budget
Finance minister Ken Ofori Atta has disclosed that the government will provide the seed capital for the construction of the controversial National Cathedral. The disclosure of Mr. Ofori Atta is in sharp contrast with government’s persistent claim that it is only facilitating and providing the land for the project, and will not make direct financial […] The post National
The Women in Law and Development in Africa (WiLDAF Ghana) has commended the National Democratic Congress for following due democratic process for the election of its National Executives in their upcoming National Delegate Conference. According to WiLDAF Ghana, in a statement, it takes the opportunity to also congratulate the following women who have been elected […] The post WiLDAF
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