Finance Minister, Ken Ofori-Atta has stated that the economy is expected to grow at 7.8percent before the end of 2017 as against 2.7percent in 2016. Presenting the 2018 Budget Statement at Parliament House in Accra on Wednesday, under the theme: Putting Ghana back to work, Mr Ofori-Atta indicated that; “Overall...
The Minister of Finance Ken Ofori-Atta has told Parliament that the government of Nana Addo Dankwa Akufo-Addo’s is confident of ending the fiscal year with a deficit of 6.3 percent. Mr. Ofori-Atta presenting the 2018 Budget and Economic Policy Statement to Parliament today said that: “I’m glad to report that...
President Nana Akufo-Addo has said Africa’s quest to provide a dignified life for its people, through economic transformation, requires a shift from its existing economic structures to a more industrialised one. According to him, the structure of economies bequeathed to Africa by colonialism was aimed at servicing its aims, essentially...
As Ken Ofori-Atta heads to Parliament this morning to deliver the Akufo-Addo government’s second budget statement in the space of ten months, there is a lot of pressure on him to translate the modest gains made in the macroeconomy to real economic growth. The performance of the economy in the...
Although they are waiting to see whether the expected power tariff reduction will be in respect of levies or cumulative tariffs, players in the industrial sector have said a 25 percent reduction, as Vice President Bawumia has hinted, would be most welcome - at least for a start. “That would...
Government’s second local dollar bond issuance, which raised a total US$221million for three years at 6.25percent, put the cedi under temporary pressure last week, latest RMB Research has shown Data from the Central Bank shows that the local currency depreciated by 0.46percent against the US dollar between October 30 and...
Rural and Community Banks (RCBs) that are yet to meet the GH₵1 million stated capital requirement set by the Bank of Ghana (BoG) by year-end will be given an extended period to recapitalise, BoG Governor, Dr. Ernest Addison, has hinted. With barely two months to the deadline only 58, out...
The Auditor-General, Daniel Yaw Domelevo, has served notice that his outfit will soon make public the names of individuals and institutions that have been surcharged and expenditure disallowed against them According to the Auditor-General, the naming and shamming exercise is expected to also serve as a deterrent to public and...
Managers of ESLA Plc, the special purpose vehicle created to raise bonds to clear the GH¢10billion energy sector debt, have said they have the systems, structures and capacity to raise some of the debt from offshore investors who are unable to buy cedi-denominated bonds. Edward Effah, Chairman of the Board...
The Minister for Finance, Ken Ofori-Atta will be presenting the 2018 budget statement and economic policy of government on November 15,2017 which is expected to focus on Industrialization; Agriculture and consolidation gains made after almost a year in office. This was communicated to Members of Parliament during the presentation of...