Author: citibusinessnews
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Petroleum Commission inaugurates local content committee
A seven member local content committee of the Petroleum Commission has been inaugurated to implement and monitor local content targets for the oil and gas sector. The local content law which took effect in February this year seeks to put Ghanaians at the forefront of all petroleum activities, while ensuring foreign oil companies also get…
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Donor partners have neglected us -Prez Mahama
President John Mahama is lamenting the posture of development partners to Ghana’s home grown fiscal stabilization policy. This comes a day after the minister of finance Seth Terkper asked parliament to approve over 3 billion dollars as Supplementary Budget Estimate for the year. According to government, global and domestic economic environment have necessitated the revision…
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Terkper defends airlifting of cash to Brazil
Finance Minister, Seth Terkper, has defended the airlifting of 3 million dollars to the Black Stars in Brazil during the World Cup. The money was used to pay the appearance fees of the Black Stars players after they threatened to boycott Ghana’s final group game against Portugal. The players were reportedly paid 100 thousand dollars…
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Do not ban chicken imports; Netherlands warns Ghana
The Managing Director of the Ghana Netherlands Chamber of Commerce Nico van Staalduinen has cautioned Ghana not to consider banning the importation of chicken. There have been calls for government to ban the importation of poultry products to save the local industry as well as reduce imports to shore up the cedi which has seen massive depreciation…
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Finance minister blames banks & forex bureaus for cedi’s woes
Finance minister Seth Tekper has attributed the continuous depreciation of the cedi to speculative activities of some Banks, financial Institutions as well as foreign exchange bureaus in the country that are allowed to retain foreign exchange Ghana’s growing and insatiable appetite for the consumption of imported goods has also been blamed by the minister for…
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Approve GHC 3 billion supplementary budget estimate -Terpker to Parliament
The Minister of Finance and Economic Planning, Seth Terpker is asking parliament to approve a GH¢3,196,855,671 Supplementary Budget Estimate in conformity with Article 179(8) of the Constitution for the rest of the year. This follows his presentation to Parliament of a mid-year review of the budget statement and economic policy of government for consideration and…
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Full Statement : 2014 mid-year budget review
Ghana’s Gross Domestic Product (GDP) for 2013 grew by 7.1 percent against the target of 8.0 percent, Finance Minister, Seth Terpker has revealed. He also revealed that Ghana’s economy is beginning to show signs of recovery from the current challenges. He expressed optimism that the nation will rise again despite the challenging period is it…