The Ministry of Finance has denied reports in the media that the government missed the deadline for the release of the second tranche of the $3 billion cash from the International Monetary Fund (IMF). The reports indicated that Ghana missed out on the November 1 timeline. But a press statement, …
Read More »Banks posted unexpected strong performance despite effects of debt exchange – Finance Minister
The banking sector of Ghana’s economy posted unexpected, relatively strong performance during the first half of the year, despite the lingering effects of the Domestic Debt Exchange Programme (DDEP), the Minister of Finance Ken Ofori-Atta has said. He said that the banks have reported increased deposits and investments, higher profitability and …
Read More »Planting for Food and Jobs has increased food security in Ghana – Ofori-Atta
Finance Minister Ken Ofori-Atta has touted the achievements of the Planting for Food and Jobs Initiative. Planting for Food and Jobs is a flagship agricultural Campaign of the Government, with five implementation modules. Presenting the 2023 mid-year budget in Parliament on Monday, July 31, the Finance Minister said that the …
Read More »Gov’t targets 3.5 million domestic and foreign tourists by 2025 in Mid-Year Budget review for 2023
Finance Minister Ken Ofori-Atta says Ghana is targeting 3.5 people to visit the various tourist sites across the country by 2025. This, he said, includes both domestic and foreign visitors. The feat, according to the Finance Minister would be attained in partnership with the private sector as part of the …
Read More »Business: Ghana’s bilateral lenders are expected to open the door for an IMF bailout of $3 billion
Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting today to discuss whether to provide enough relief to unlock a $3bn IMF bailout. Ghana owes $5.5bn to foreign governments and their state banks. Ken Ofori-Atta, finance minister, said he …
Read More »80% OF MAJORITY MPS DEMAND KEN OFORI ATTA AND HIS DEPUTY REMOVAL
The Majority Members of Parliament in the ticket of the ruling New Patriotic party have had in press conference this morning demanding the President of republic of Ghana Nana AKufo Addo to sack the Finance Minister Mr. Ken Ofori Atta and his deputy Mr. Charles Adu Boahen from office immediately …
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