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Finance Minister Ken Ofori-Atta presented the 2019 Budget statement to Parliament amidst boos and skepticism from especially minority members in Parliament. As expected, Mr. Ofori-Atta was clad in his all white apparel as has become custom of the Finance Minister. The budget, themed; “A Stronger Economy, for Jobs and Prosperity” highlighted...
In addition to the clean-up exercise of the banking sector undertaken by the Bank of Ghana, the government has also taken steps to settle almost all claims of DKM customers, Finance Minister Ken Ofori-Atta has told parliament when he delivered the 2019 budget to parliament on Thursday, 15 November.“Mr....
The Finance Minister, Ken Ofori-Atta, will present the 2019 budget statement and financial policy of the government to Parliament today, Thursday. This will be the third budget of the Akufo-Addo administration, in accordance with Article 179 of the 1992 constitution. President Nana Akufo-Addo has said that the budget will bring hope to...
A former Deputy Minister of Power, John Jinapor, has accused the Electricity Company of Ghana (ECG) of unilaterally increasing tariffs by 33% and passing it on to consumers. He said the bulk generation tariff, which comprises Volta River Authority (VRA) charges and Independent Power Producers (IPP) rates, was pegged at...
President Nana Addo Dankwa Akufo-Addo, left Ghana yesterday (Tuesday) for South Africa to participate in the Africa Investment Forum which is being held in Johannesburg. He is going at the invitation of the African Development Bank. A statement issued by the Director of Communications at the Presidency, Mr Eugene Arhin, said...
Ghana has signed a Memorandum of Understanding with Nissan Group of Africa for the establishment of an automotive manufacturing industry in Ghana, which will make Ghana the hub for sales and marketing of Nissan in West Africa. This was announced on Tuesday, 6th November 2018, when the Managing Director of...
Popular pastor, Mensa Otabil, and his church International Central Gospel Church are among 15 shareholders and directors of defunct Capital Bank sued over the collapse of the bank. The Plaintiffs Messrs Vish Ashiagbor and Eric Nana Nipah from PricewaterhouseCoopers say the bank’s collapse was a “direct result’ of defendants’” “‘misgovernance”...
Deputy Minister of Finance has hinted that the Gold dealership company, Menzgold will not be in business again in Ghana. According to the Deputy Minister, after several cautions from the Bank of Ghana and the Security and Exchange Commission, Menzgold has not been able to produce any legitimate license to...
The five per cent adjustment on tariffs by Telecom Companies operating in Ghana takes effect from today, Thursday, 1 November 2018.The tariff modification has become necessary following the implementation of the new tax laws – VAT (ACT 970), NHIL (ACT 971) and GETFL (ACT 972).The various networks are expected...
President Nana Addo Dankwa Akufo-Addo has urged member states of the Organisation for Economic Co-operation and Development (OECD) to set their sights higher and help build a prosperous Africa equal opportunity for all.Addressing the 18th OECD International Forum on Africa, on Wednesday, 31st October 2018, in Paris, President Akufo-Addo...
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