Tag: Bawumia
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Customs sets August deadline to remove ‘unwanted’ check points
The Customs Division of the Ghana Revenue Authority (GRA) has disclosed that it will by the middle of August 2017 remove all check points that have impeded trade activities in the country. The plan is ahead of a September deadline to get all barriers and checkpoints removed to facilitate the movement of goods, persons and…
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Ghana open to business again – Bawumia to investors
Vice President, Dr. Mahamudu Bawumia, has re-echoed the NPP government’s plan to make Ghana an investment destination for investors as it commits to maintaining economic stability. At a gathering of investors and other stakeholders in the Diaspora, the Vice President outlined efforts by the government to restructure the economy and reduce the challenges that have…
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No Eurobond to be issued this year – Bawumia
Vice President Dr. Mahamudu Bawumia has stated that the NPP government will not issue any Eurobond and add unto the country’s debt burden. According to him, the government has resolved not to embark on any such move at least within this year. Speaking in an interview with the Head of Citi Business News desk, Vivian…
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We have arrested falling cedi – Bawumia
The Vice President Dr. Mahamudu Bawumia says the government has been able to arrest the free fall of the cedi in its first hundred days in office. According to him, the interventions embarked on by the NPP administration have helped to restore value in the cedi compared to what was bequeathed to them by the…
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NDC failed to account for GH¢7bn expenditure – Bawumia
The Vice President, Dr Mahamudu Bawumia has expressed shock at a seven billion (GHؓ¢7,000,000,000) cedi hole in government’s accounts left by the immediate past administration. “In preparing for the budget we realized to our shock that expenditure amounting seven billion cedis was made by the previous government but never disclosed,” he stated. According to the…
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New PFM law won’t solve Ghana’s fiscal challenges – Dr. Bawumia
A former Deputy Governor of the Bank of Ghana and the running mate of the NPP, Dr. Mahamudu Bawumia, has punched holes into the recently passed Public Financial Management Act (PFMA), saying it lacks relevant elements to protect the country’s fiscal regime. According to him, the law is woefully inadequate in promoting accountability and transparency. “Fiscal…
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Issuing Eurobond with short term maturity strategic – Terkper
Finance Minister Seth Terkper, has justified the launch of Ghana’s fifth Eurobond at a high yield of 9.25 percent with a short maturity date. Ghana yesterday (September 8, 2016), issued its fifth Eurobond of 750 million dollars at a yield of 9.25 percent a few points lower than the last one which was at 10.75…
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Bawumia selectively used debt figures – Terkper
Finance Minister, Seth Terkper has accused the New Patriotic Party’s (NPP) running mate for the 2016 elections, Dr. Mahamudu Bawumia of selectively using the data on government for his lecture on Thursday, September 8, 2016. According to Mr. Terkper, it is unrealistic for the NDC to borrow 39.9 billion US dollars as announced by Dr.…
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63% debt to GDP figure erroneous – Bawumia
A former Deputy Governor of the Bank of Ghana, Dr. Mahamudu Bawumia has questioned government’s 63% debt to GDP figure quoted as at the end of May this year. He describes as misleading, the calculation by which the said figure was arrived at. “The calculation of the GDP ratio used by the Minister is plain…