The government is upbeat about the mid-year revisions it has made to the 2023 budget following Ghana’s entry into a new IMF bailout programme. However, reality is not quite so bright. … examines the prospects offered by the first budgetary adjustments made under the country’s latest IMF programme writes...
Government’s efforts to return the economy to normalcy remain centred on increasing domestic production capacity, Finance Minister Ken Ofori-Atta has said.
The minister’s remark came on the back of his assurances of the government pursuing a robust growth strategy within the limited fiscal space during his presentation of the Mid-Year...
Finance Minister Ken Ofori-Atta has reassured Ghanaians that the economy has turned a corner, having faced serious crises over the past two years.
Presenting the Mid-Year Fiscal Policy Review of the 2023 Budget Statement and Economic Policy to parliament in Accra, Mr. Ofori-Atta expressed confidence that the economy is on...
Real GDP halved to 1.5%, inflation to stay above 30%
Key macroeconomic indicators have seen significant downward revisions, finance minister Ken Ofori-Atta has announced, with overall real gross domestic growth and inflation rates for the end of the 2023 fiscal year now pegged at 1.5 percent – down from...
Former Minister of Finance, Seth Terkper has disagreed that the country has ‘turned the corner’ in its race to overcome the economic challenges faced over the last few years.
Reacting to comments by the Minister of Finance Ken Ofori-Atta that the economy had turned a corner in the face of...
Due to general slowdown across economy’s three major sectors
Finance Minister Ken Ofori-Attah has made an announcement regarding the revision of the projected Real GDP growth for 2023.
The overall growth rate has been adjusted downward to 1.5 percent from the previous estimate of 2.8 percent, and the non-oil Real...
Finance Minister Ken Ofori-Atta says the economy is “showing signs of recovery”.
During the presentation of the 2023 mid-year budget review, he highlighted the stabilization of the exchange rate, accompanied by a decrease in inflation and interest rates since December 2022 as evidenced by the recovering economy.
“These outturns are the...
Ghana, the Heart of Africa, has long been celebrated for its stable political environment and progressive democratic governance. The nation’s commitment to conducting regular, peaceful presidential elections stands as a beacon for other developing countries seeking to strengthen their democratic institutions.
In 2016, Ghana witnessed a notable presidential election that...
As the highly anticipated 2023 mid-year fiscal policy review approaches, sources indicate that government is confident in its ability to maintain economic stability and foster growth without the need for a supplementary budget.
Set for presentation to parliament next week, the review is expected to focus on solidifying economic measures...
Government must use the 2023 mid-year budget review to demonstrate its commitment to restoring economic stability, former Finance Minister Seth Terkper has said - noting that narrowing the widening fiscal gap also remains paramount.
Minister of Finance Ken Ofori-Atta is expected to present government’s mid-year budget review statement before parliament...
