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Economy

The office of former president John Dramani Mahama overspent the budget allotted to it in excess of GH¢3billion in 2016 investigations by iWatch Africa, an anti-corruption organization has divulged. In its assessment of the 2016 Auditor General’s report on the Consolidated Fund, iWatch Africa found that the Office of Government...
The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) has delivered judgement in Ghana’s favour in the maritime dispute with neighbours La Cote d’Ivoire. It has, however, directed the two nations to agree on some measures, key among them is an agreement on the delimitation...
The Minister for Finance, Ken Ofori Atta, is expected to present the 2018 budget statement and fiscal policy in Parliament today in which he will be seeking approval to spend some GH¢61 billion. Among the highlights of the 2017 budget, were the withdrawal of the 1 percent Special Import Levy,...
President Nana Addo Dankwa Akufo-Addo has stated that the time has now come for Ghana to move on even further to deepen her democracy. “It is time to make sure that we have a genuine separation of powers between the various arms of government. Our Parliament, the legislative arm of...
The vice President of the republic, Dr. Mahamudu Bawumia has stated that the NPP under Nana Akufo-Addo has transformed the Ghanaian economy by replacing incompetence with competence as part of the management of the economy is concerned. ''I must say, ladies and gentlemen, without any fear of contradiction that, Nana...
Vice President Dr Mahamudu Bawumia on Tuesday said the Government is implementing policies that would revitalise the State-Owned Enterprises (SOEs) to contribute significantly towards economic transformation to ensure prosperity for all. To this end, he said, the State Enterprises Commission and selected SOEs were benefiting from a World Bank Technical...
The Ghana Tourism Authority (GTA) is implementing a one-stop shop to showcase the more than 2000 registered Ghanaian hotels and promote the country’s tourism sector on the world market. The project forms part of the modules of the National Tourism Single Window Destination being executed to deepen public access to...
Mr Henry Quartey, the Deputy Minister of Interior, has said plans have been developed to ensure the reinforcement of security at the country's entry points. This is in line with Government's decision to allow for around-the-clock opening of the borders- a major step towards realising the free movement of people,...
The Minister of Finance, Mr Ken Ofori-Atta, has disclosed that State-Owned Enterprises (SOE's) in the country have been reduced from from 300 in the mid 1980's to 86 as at the end of August 2017. The SOE's according to the minister, consist of 46 wholly government owned and 40 joint...
The Vice President of the Republic, Dr. Mahamudu Bawumia has stated that government is focused on building the productive capacities of Ghanaians in order to build a robust economy. Dr. Bawumia observed that countries such as the United States of America, Canada, Singapore, South Korea and Mauritius among others have...