30000000UTC0221pm18, 112018vUTC11bUTCWed, 21 Nov 2018 19:40:02 +0000 13, 2018
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Govt to be strict on enforcing procurement law in 2019

the Finance Minister, Ken Ofori-Atta has stated that government will ensure efficient public spending in 2019 by enforcing the Public Procurement Act (PPA) Mr. Ofori-Atta explained that the PPA has the capacity and legal backing to assess all sole-sourced projects in the country. Sole sourcing of projects have over the ... Read More »

Turkish trade delegation to visit Ghana

Following renewed Turkish-Ghanaian commitments to boost bilateral trade, a Turkish electronics and electrical goods trade mission will arrive in Ghana in November for meetings with local buyers and distributors. Organized by the Turkish Electrical and Electronics Exporters’ Association (TET), the trade mission will showcase advanced Turkish white goods, electronics, all ... Read More »

IMF was a necessary pill due to fiscal indiscipline acts by past gov’t

The Minister of Finance, Ken Ofori-Atta has described Ghana’s program with the International Monetary Fund as a necessary pill due to the previous government’s fiscal indiscipline practices. Speaking on the floor of parliament during the 2019 budget presentation the Finance Minister expressed gratitude to the IMF for the support as ... Read More »

Culprits of 7 collapsed banks will be punished—Finance Minister

Finance Minister, Ken Ofori Atta has reiterated that will use all the legal processes available punish all persons found complicit in the collapse of some seven banks in the country. The Bank of Ghana has so far revoked the licenses of seven banks after investigations proved they were insolvent and ... Read More »

Gov’t to spend GH¢73.4bn in 2019

Government is planning to spend a total 73.4 billion cedis in the 2019 fiscal year. This is equal to 21.3 percent of GDP, representing a growth of 27.0 percent above the projected outturn for 2018. The Finance Minister Ken Ofori-Atta made the announcement in parliament today when he presented the ... Read More »

Gov’t targets GHS 58.9bn domestic revenue collection in 2019

The Minister of Finance, Ken Ofori-Atta has announced a revenue target of GHS 58.9 billion for the year 2019. The figure represents 17.1 percent of the rebased GDP which stands at 256.7 billion Ghana Cedis for 2017. Compared to the 2018 revised revenue and grants target of 50.68 billion Ghana Cedis, the ... Read More »

80 percent of DKM customers paid—Ken Ofori-Atta

Finance Minister Ken Ofori-Atta has disclosed that government has paid 80 percent of DKM customers whose funds were locked up in the collapsed microfinance company. Mr. Ofori-Atta stated that government has set aside funds at the Bank of Ghana to settle all depositors upon validation. He made these remarks while ... Read More »

October inflation drops to 9.5%, lowest in five years

The inflation rate for October 2018 dropped to 9.5%, down by 0.3% from the 9.8% recorded in September 2018. According to the Ghana Statistical Service(GSS), the figure is lowest rate that has been recorded in the past five years sine 2013. However, this rate has been measured without the revised ... Read More »

Kweku Adoboli, ex-UBS trader deported to Ghana

Kweku Adoboli, the former UBS trader convicted of fraud, has been deported to Ghana, despite a long campaign to keep him in Britain. His lawyer confirmed he was flown out of Heathrow Airport in the evening of November 14th, 2018 after being detained in Scotland on Monday. Adoboli, aged 38 ... Read More »

2019 Budget: civil servants call for improved standard of living

With just about 24 hours for the Finance Minister Ken Ofori Atta to present the 2019 Budget on, some civil servants are calling for economies that will improve their wellbeing. According to them, government must try to reduce the prices of petrol and electricity tariffs to make life easier for ... Read More »

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