Finance Minister, Dr. Mohammed Amin Adam has disclosed that the the provisional total central government debt as at the end of June 2024 stood at GH¢742.0 billion (US$50.9 billion), equivalent to 70.6 percent of GDP. This indicates an increase of 22.0 percent due to the effect of the Cedi depreciation and the continuous disbursements from […] The post Mid-Year
Finance Minister, Dr. Mohammed Amin Adam has revealed that government will re-institute the integrated property tax system and intends to develop framework to re-introduce road and bridge tolls. Presenting the mid-year budget review to Parliament on Tuesday, July 23, he stated that “Government will re-institute the integrated property tax system by synthesizing data from MMDAs, […] The post
Presenting the mid-year budget review to Parliament on Tuesday, July 23, Finance Minister, Dr Mohammed Amin Adam has said a total of GH¢435m allowance has been paid to nursing and teacher trainees from January to June, 2024. He stated that “Government continues to honour the payment of Trainee Allowances, a total amount of GH¢219 million was […] The post
Finance Minister, Dr. Mohammed Amin Adam has announced the revision of macro-fiscal targets for 2024. He said it is has become necessary to revise the 2024 macroeconomic framework due to the latest economic developments, both domestic and global, including the impact of the debt restructuring. During his presentation of the Mid-Year Budget Review on Tuesday, […] The post
Dr. Mohammed Amin Adam, the Finance Minister has said government has disbursed GH?5.4 billion to support LEAP, School Feeding programme, Capitation Grant and National Health Insurance Scheme since January, 2024 to reduce the burden on the vulnerable in our country. He added that GH?1.5 billion was used to support 1,488,575 students under the Free SHS […] The post
By Emmanuel AKOMEA The Alliance of African Multilateral Financial Institutions (AAMFI) has jointly dedicated a US$62 billion fund to address the continent’s critical trade and investment gaps. The Alliance aims to collaborate to address Africa’s development finance needs, promote the interests of member states, advocate for Africa on global finance issues, develop innovative finance tools, […] The post
The Ghana Insurers Association has launched the 2024 edition of the Insurance Awareness Month in Accra. The month-long programme is being held under the theme ‘Making Insurance the Ghanaian Way of Life’. The campaign aims at increasing the public’s understanding of insurance concepts, educating them on how insurance could mitigate the potential risks faced in […] The post GIA
…presents motor bikes and party paraphernalia The National Democratic Congress is on course for total victory in the forthcoming December polls but this can only be ensured when Party Executives and officials move down to the Branches, Wards and Constituencies to educate members and the people on the sound policies the NDC plans to implement […] The post
By Samuel LARTEY (Prof) ([email protected]) Ghana’s US$3 billion support package from the International Monetary Fund (IMF) is seen as a lifeline for the nation’s economy, especially during these challenging times. This substantial financial aid aims to stabilize the economy, ensure fiscal sustainability, and promote growth. Workers, small and medium-sized enterprises (SMEs), and cross-border traders are […] The post
A crucial part of effective communication is confidence. The effect of a message can impact differently because of the energy that it carries; the way and manner in which it is said. Confidence is an expression of how we feel inside about ourselves and on a daily basis, the way we do things and say […] The post Insights with Dzigbordi K. Dosoo:
By Winfred Kwasi Dodzih(Dr) As Ghana approaches the mid-year point, the unveiling of the economic budget and financial statements becomes a pivotal event, especially for key stakeholders such as the insurance sector, drivers of commercial and private transport, and cross-border traders. These groups have distinct yet interconnected expectations that revolve around financial stability, regulatory clarity, and […] The post
…deny opposition to CRM By Wisdom JONNY-NUEKPE The LPG Marketing Companies Association of Ghana has cautioned the National Petroleum Authority (NPA) not to compromise the association’s investment of over US$400million in the industry. Responding to a speech by NPA CEO Dr. Mustapha Hamid, at the recently held Ghana International Petroleum Conference in Accra, the LPG […] The post
Petroleum Haulage Company, J.K. Horgle and Co. Limited, has been crowned the Most Outstanding Transport Company of the Year at the maiden edition of the Ghana Downstream Awards and Gala Night. The event was held at the luxurious Alisa Hotel North Ridge in Accra. On the same night, the Group CEO of J.K. Horgle Transport […] The post J.K. Horgle Transport
By Augustina DAN-BRAIMAH Access to finance and its related costs remains a major challenge for doing business in Africa, particularly for small businesses. This hinders the establishment of new businesses and the ability of existing businesses to upgrade or upscale. In some cases, inadequate funding ultimately leads to an abrupt end or failure of business. […] The post Alternative
By Joshua Worlasi AMLANU The World Bank has urged government to undertake significant measures for rationalising its tax expenditures (TEs), a move aimed at ensuring the country’s tax policies are both effective and equitable. The Bank’s recent report, ‘Strengthening Domestic Revenue Systems for Fiscal Sustainability’, presented at the 8th Ghana Economic Update underscored the importance […] The post
Finance minister Dr. Muhammad Amin Adam has called on Saudi investors to contribute its quota in raising US$12billion over the next three years. This, he explains, remains critical to helping the country recover to the pre-COVID era’s level. The appeal was made during a high-profile meeting with the Arab Bank for Economic Development in Africa […] The post Finance
The recent ruling by an international tribunal in a case brought against Ghana by ENI and Vitol is big news for all industry watchers in the upstream petroleum sector. We spoke to the CEO of the Ghana Upstream Petroleum Chamber, David Ampofo on the implications of the ruling. Q: What exactly is the case and […] The post Ruling opens the door to reenergising
By Kizito CUDJOE As parliament reviews the controversial Barari lithium deal, an analysis by the Natural Resource Governance Institute (NRGI) indicates that government may have secured a favourable agreement. The inaugural lithium lease with Barari DV Ghana Limited, a subsidiary of Atlantic Lithium Limited, was issued by government to the company following commercial discovery at […] The post Lithium
The National Petroleum Authority (NPA) has signed an agreement with Senegal and Gambia for the importation of petroleum products from Ghana. This adds to the already existing countries; Mali, Niger, Burkina Faso, Cote D’ Ivoire and Togo importing petroleum products from the country. In the year 2023, the volume of Petroleum products re-exported and transited […] The post
The Director of Communications of the Bank of Ghana has clarified that the Bank worked closely with GN Bank during its liquidity challenges, and also after its request to be reclassified as a Savings and Loans company and that the revocation of its licence was based on sound judgement to protect the sanctity of the […] The post Revocation
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS