Tag: Ghana Business News
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Ghana EximBank Board inaugurated
The Deputy Finance Minister, Kweku Kwarteng has charged the Ghana Exim Bank to pursue pragmatic policies and programs to increase Ghana’s export revenue and improve the Balance of Trade (BoT). The Exim Bank is among others expected to support local producers with the necessary financial and technical expertise to position them to compete favourably with their foreign…
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Govt to pay all outstanding arrears by 2019
Government has set an ambitious target to complete payments of all arrears owed contractors by 2019. This follows a validation process to audit the arrears bequeathed the NPP by the erstwhile NDC administration. The Finance Minister, Ken Ofori Atta disclosed this during his midyear budget review to Parliament on Monday. According to him, the settlement…
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Kenyasi residents strike over ‘no jobs’ at Newmont
Some angry youth in Kenyasi in the Brong Ahafo Region on Tuesday, August 1, 2017 blocked all roads leading to and from the community. They were demonstrating against mining company, Newmont, and demanding immediate employment. The irate youth also say they are unhappy about the company’s alleged pollution of some water bodies and the destruction…
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Govt reviewed plans achievable if … – Dr. Lord Mensah
Economist Dr. Lord Mensah wants the government to follow strictly its plans outlined in the midyear budget review in order to achieve growth targets. He explains that though government has cut down its expenditure, it will need to intensify efforts to increase revenue. Dr. Lord Mensah’s comments follow the presentation of the midyear budget review…
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First Deputy Governor of BoG retires
The First Deputy Governor of the Bank of Ghana (BoG) Mr. Milison Narh has retired. A statement from the central bank stated that Mr. Millison Narh paid a courtesy call on the President Nana Addo Dankwa Akufo Addo this afternoon – 31st July, 2017 to announce his retirement. Present at that meeting were the Vice…
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Gov’t hasn’t increased Ghana’s debts – Yaw Osafo Maafo
Senior Minister, Yaw Osafo Maafo has justified government’s issue of bonds to restructure the country’s debts. The NPP government’s bonds issue have been viewed by some as repeating the very concerns the party raised during the campaign season in 2016. The running mate at the time, Dr. Mahamudu Bawumia criticized the NDC for increasing the…
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No supplementary budget risky for 2017 budget – Economist
Some Economists want the Finance Minister, Ken Ofori Atta, to give detailed plans of increasing revenue even as he presents a midyear budget review to Parliament today. It comes on the back of a decision by the Ministry not to seek a supplementary budget. For Economist, Dr. Said Boakye, the government’s inability to meet the…
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Women entrepreneurs push for Affirmative Action Bill
Women in Entrepreneurship in Ghana are calling on government to pass the Affirmative Action Bill to enhance their rights in Ghana. According to them, the passage of the bill will grant women bigger platforms and encourage gender equality. “It will be best if government will open up its institutions to take more women onboard to…
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No request for supplementary budget in midyear review
The Finance Ministry has stated it will not seek a supplementary budget even as it presents a midyear budget review to Parliament on Monday [July 31, 2017]. Per the constitution, the Finance Minister is expected to give an account of the performance of the economy before the commencement of the second half of the year.…
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We are not to blame for premix shortage – TOR
The Tema Oil Refinery (TOR) has dismissed claims that challenges with its pump systems have contributed to the shortage of premix fuel in the country. According to TOR, its systems are all in good condition hence have the capacity to produce to meet demand. Fisheries Minister, Elizabeth Afoley Quaye has attributed the shortage of the…