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The Programs Manager for Friends of the Nation (FoN_, Kyei Kwadwo Yamoah has called on government to enforce Ghana’s fisheries laws to secure its fish resources in a sustainable manner. He said this at the Fish Festival organized by the Ministry of Fisheries and Aquaculture Development in Accra aimed at improving fisheries governance in WestAfrica and the […]Continue Reading
Business
Member of Parliament for Ajumako-Enyan-Esiam Cassiel Ato Forson has said the government’s debt exchange programme as captured in the 2023 budget statement is actually debt restructuring that is being embarked on. In the budget statement, the Finance Minister Ken Ofori-Atta said on Thursday November 24 that “despite the heightened debt levels, Government remains committed Continue Reading
Business General
Finance Minister, Ken Ofori-Atta, has urged Ghanaians to be hopeful and trust the government’s economic policies that he believes will put the country on the path to recovery. “The challenges we face are daunting, but we must not lose sight of the greatest strength of being Ghanaian: resilience, entrepreneurial zeal, faith, courage, solidarity and hope. […]Continue Reading
Business General
Finance Minister, Ken Ofori-Atta has assured Parliament of the judicious use of taxpayers’ money insisting every revenue generated will be put to good use. According to him, the nation is embarking on a journey to fundamentally reposition the economy with the Post-COVID-19 Programme for Economic Growth (PC-PEG). He added that the move will be supported […]Continue Reading
Business
The Finance Minister, Ken Ofori-Atta, says government has decided to produce some items locally to reduce the current high import bill. According to him, the country’s heavy dependence on imports places tremendous pressure on the currency. This creates an unfavorable balance of payments position which increases government expenditure. He indicated that the situation Continue Reading
Business
For the first time in Ghana’s history, total expenditure is expected to exceed GH¢200 billion in 2023. Sixty-five years after independence, Ghana’s total expenditure (including clearance of arrears) within a specific fiscal year has been projected to reach GH¢205.4 billion by the end of 2023, with two line items accounting for more than 47% of […]Continue Reading
Business
The government has taken steps to cut expenditure in the 2023 budget statement due to the economic challenges facing the country. Presenting the budget in Parliament on Thursday November 23, the Finance Minister Ken Ofori-Atta said as a first step toward expenditure rationalisation, Government has approved a number of directives which takes effect from January, […]Continue Reading
Business General
The Minister of Finance 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, Finance Minister Ken Ofori-Atta said the country’s external sector performance will depend on the quick resolution of the […]Continue Reading
Business General
The 2023 Budget Statement and Economic Policy will prove to be the most important in the fourth Republic, as it will not only define the medium-term fortunes of the economy but have significant long-term developmental consequences. It will focus on government’s strategies to restore and stabilize the macro economy, build resilience, and promote inclusive growth […]Continue Reading
Business General
Government spending on the National Cathedral project was prominent in a parliamentary committee sitting on a censure motion that probed Minister of Finance Ken Ofori-Atta’s [mis]handling of the economy. The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, asked a series of questions of the Minister when he appeared before the committee stressing the […]Continue Reading
Business
Elon Musk told Twitter employees on Monday that the company won’t relaunch its paid verification subscription, Twitter Blue, until “we’re confident about significant impersonations not happening,” according to a recording of his remarks obtained by The Verge. Musk said last week that his $8 per month Blue subscription would be made available again on November […]Continue Reading