Tag: Finance Minister
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Delay in passing E-Levy likely to affect GHC 6.9 billion target – Ofori-Atta
The Finance Minister Ken Ofori-Atta says it is unlikely that government will be able to achieve the GHC 6.9 billion target set for the Electronic Transfer Levy (E-levy). According to him the many delays and hurdles experienced in parliament before the E-levy bill was passed will affect the ability of the Ghana Revenue Authority (GRA)…
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Gov’t completes piloting of YouStart, programme to start in April – Ofori-Atta
Government has completed the piloting of its flagship YouStart programme and says it is ready to roll it out in April 2022. According to Finance Minister, Ken Ofori-Atta, the youth entrepreneurship programme when rolled out will be a vehicle for supporting young entrepreneurs to gain access to capital, training, technical skills, and mentoring to enable…
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Gov’t officials to begin public sensitization on e-levy today – Ofori-Atta
The Minister for Finance, Ken Ofori-Atta says government officials will from today, Thursday, January 20, 2022, begin a nationwide public sensitization on the need for the introduction of the controversial e-levy. According to him, officials, including himself, will personally engage citizens on the many policies and programmes the government will use the revenue accrued from…
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Finance Minister delivers 2022 Budget today
The government’s Budget Statement and Economic Policy for the year 2022 is expected to be presented in parliament today, Wednesday, November 17, 2021, by the Finance Minister, Ken Ofori-Atta. This will be the sixth budget of the Akufo-Addo administration, in accordance with Article 179 of the 1992 constitution. Many await the presentation of the 2022…
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Government spent over GHS65 billion to achieve SDG targets via MDAs in 2019, 2020
Over GHS65 billion was spent by the government on working to achieve the Sustainable Development Goals (SDGs) through the Ministries, Departments and Agencies (MDAs) in 2019 and 2020. This is according to the Finance Ministry’s SDGs 2020 report. “Total spending on the SDGs by the government through MDAs came to GHS31,448,312,790 in 2019 and GHS35,774,648,335…
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Finance Ministry got 50 Bills passed by Parliament within four years – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says his outfit was able to produce 50 Bills since 2017 which were all passed into law by Parliament. Ofori-Atta disclosed this when he presented the 2021 Expenditure in Advance of Appropriation statement to Parliament on Wednesday, October 28, 2020. The Expenditure in Advance of Appropriation is a mini-budget…
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Address fuel smuggling in budget presentation – COPEC to Gov’t
As the Minister of Finance prepares to read the budget today, October 28, 2020, the Chamber of Petroleum Consumers (COPEC), says it expects to hear government’s plans to end fuel smuggling in Ghana. Although government has made some efforts to address the challenge, the chamber says the problem persists, causing the country to lose revenue.…
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Finance Ministry briefs faith-based organisations on Agyapa Royalty agreement
The Ministry of Finance has held separate virtual meetings with the Social Partnership Council (SPC) and the leadership of Faith-Based Organizations (FBOs) as part of its stakeholder engagement and consultations drive to deepen the understanding of the Agyapa Royalty transaction. The Social Partnership Council is made up of the Labour Unions, Ghana Employers Association and…
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Agyapa Royalties agreement best deal for Ghana’s mineral resources – Ofori-Atta
Government has shot down suggestions that the Agyapa Royalties Agreement is a rip-off to the nation. Finance Minister, Ken Ofori-Atta, at a press conference on Thursday, denied claims that the government established Agyapa Gold Mineral Royalty Limited to mortgage the country’s ‘future resources’ to enrich the current administration. It will be recalled that the flagbearer…
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Why the Akufo-Addo government must freeze the Agyapa Royalties deal [Article]
Kofi Ansah, the founding Chief Executive of the Minerals Commission, and Fui Tsikata, a lawyer with 45 years experience in mineral and energy law and policy, have argued for the freezing of the controversial Agyapa Mineral Royalties deal. In a statement, they said putting the deal on hold will be in “everybody’s interest”. They feel…