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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

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Terkper meets Parliament over advanced 2017 expenditure

bycitibusinessnews
October 20, 2016
in Government, Local Economy, Top Stories
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The Finance Minister, Seth Terkper is currently engaged in a meeting with Parliament’s Committee on Finance over the Advanced Appropriation Bill presented to Parliament a while ago.

Contrary to the expectations of many, Mr. Terkper did not present the details on the floor of the House as the Bill was referred to the Finance Committee for discussion.

But a former Majority Leader in Parliament, Dr. Benjamin Kumbuor explained to Citi News’ Richard Dela Sky, the turn of events is acceptable as the Finance Minister is just giving projections not to be accompanied by policies.

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“It is routine, just that the times keep changing and that is why people must take into account. When asking for something on account, there are so many ways you can go by it… For this cycle in particular, a number of things that have been done in Parliament based on the fluctuation in the oil prices in which major policy shifts had to take place in terms of readjustment of revenues,” he observed.

Dr. Kumbuor, like many others could not tell how much Seth Terkper is likely to be seeking from Parliament.

He however assured that the figure would be available when the Finance Committee carries on with the deliberations and subsequently relays the information to other members of the House.

Information gathered by Citi Business News however indicates that the document will mostly capture funding for recurrent expenditure such as payment of salaries, payment allowances, as well as payment of interest on loans within the period.

The Bill is expected to come before the floor of the House after the deliberations by the Finance Committee.

–

By: Pius Amihere Eduku/Lawrence Segbefia/citibusinessnews.com/Ghana

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