As many as 191 companies have been identified under the One Disctrict, One Factory initiative to undertake projects in 102 districts, with the potential of creating 250,000 jobs when implemented. “The Ministry of Trade and Industry completed technical, financial and commercial viability analysis of 462 proposals, out of which 191,...
Finance Minister, Ken Ofori-Atta, has told Parliament that government is expecting to achieve a fiscal deficit of 4.5 percent of Gross Domestic Product (GDP), which when achieved, will be the lowest deficit in the past 7 years. Mr. Ofori-Atta told Parliamentarians on Wednesday that government is on course to achieve...
Government is to set up a new national development bank to “mobilise private capital toward agricultural and industrial transformation”, Finance Minister Ken Ofori-Atta revealed in the 2018 Budget and Economic Policy of Government presented to Parliament yesterday.  “To achieve an efficient financial sector with innovative and long-term financing instruments to...
Finance Minister Ken Ofori-Atta has unveiled government’s budget statement and economic policy for 2018, which outlines ambitious plans to create jobs, stimulate growth of the agricultural sector and industry, as well as consolidate gains made in the macroeconomy. Job-creation has been high on the Akufo-Addo led administration’s agenda, which has...
The Finance Minister, Mr. Ken Ofori Atta, has said 2,000 livestock farmers will be supported with 70,000 small ruminants, sheep and goats, as part of efforts to improve the livelihoods of livestock farmers in the country. In addition to this, he said the Ministry of Food and Agriculture (MoFA) will...
There is disquiet by some persons about Ghana’s debts, deficits and by extension fiscal policy. Some have even gone a step further to suggest that Ghana will soon become Highly Indebted Poor Country (HIPC) again. This article will attempt to explain the dynamics of Ghana’s fiscal policy, debt, deficits...
Today the Nana Addo Dankwa Akufo-Addo led government presented its second budget which contains revenue and estimates for 2018 to parliament. The 2018 budget according to the Minister of Finance, Ken Ofori Atta, seeks to create jobs, cuts tariffs in electricity, support SME’s and investments in the key sectors of...
The Akufo-Addo government is expected to spend some GH¢62billion come 2018 financial year as contained in the national budget. This is according to the Minister of Finance Ken Ofori-Atta who appeared before parliament to present the government’s revenue and expenditure estimates for 2018. Per budget, the GH¢62billion represents 25.7% of the...
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...