Tag: Ken Ofori Atta
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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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Ken Ofori-Atta writes: Africa deserves more help for COVID-19
Ghana confirmed its first two COVID-19 cases on March 12; imports from Norway and Turkey. Africa has since recorded more than 1.5 million cases and counting, though in terms of infections and deaths, we have fared better than most regions. Perhaps this is because of our youthful population, the natural social distancing of outdoor living…
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Investing public will not be swayed by opposition to Agyapa Royalties deal – Ken Ofori-Atta
The Finance Minister, Ken Ofori-Atta, has downplayed fears, that ongoing public criticism and opposition to the Agyapa Royalties Deal could scare aware potential investors. The agreement has for the past weeks sparked controversy among different groups in the country, with some Civil Society groups in the extractives sector describing the Special Purpose Vehicle that has…
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Gov’t to launch GHS100bn Coronavirus Alleviation Revitalization Programme
In a bid to pursue an aggressive process of rebuilding the Ghanaian economy due to the devastating impact of the COVID-19 pandemic, government has announced the setting up of a 100 billion Ghana cedi development programme known as the ‘Ghana Coronavirus Alleviation Revitalization of enterprises Support Program’. The Finance Minister, Ken Ofori-Atta, made this known…
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Account for funds secured for COVID-19 interventions – Terkper to Gov’t
Ahead of the presentation of the 2020 Mid-Year Budget Review to Parliament on Thursday, July 23, 2020, a former Finance Minister, Seth Terkper, has challenged government to come clean on the use of the various funds set aside to deal with the impact of the COVID-19 pandemic. In dealing with the impact of the ravaging…
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Finance Minister to present Mid-year budget review on July 23
The Finance Minister, Ken Ofori-Atta, is scheduled to present the mid-year budget review to parliament on Thursday 23rd July, 2020. This is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). According to Citi Business News sources, the presentation of the statement on the review of government projections for the…
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Any additional borrowing to finance expenditure risky for economy – Adu Sarkodie
An Economist, Dr. Adu Owusu Sarkodie, says the Finance Minister, Ken Ofori-Atta should be able to outline the progress made so far with the allocation of support under the government’s Coronavirus Alleviation Programme when he presents the Mid-year budget review to Parliament later this month. Dr. Sarkodie says limiting budgetary allocation is critical, since an…
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Auditor General found guilty of contempt for not responding to Osafo Maafo’s suit
The Auditor General, Daniel Domelevo, has been found guilty of contempt for failing to respond to a suit filed by the Senior Minister which is challenging a $1 million surcharge on him. According to the court, the reason given by Mr. Domelevo that he was busy finishing up an audit report for Parliament hence his…
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Supreme Court dismisses suit against Ofori-Atta over $2.25bn Eurobond issuance
The Supreme Court has in a unanimous decision dismissed the case filed against the Minister of Finance, Ken Ofori-Atta, in the issuance of the $2.25 billion Eurobond in 2017. The Chief Justice, Kwasi Annin-Yeboah, who announced the decision said the details of the ruling will be made available on Wednesday, May 6, 2020. Dynamic Youth…
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Ken Ofori-Atta writes: ‘What does an African finance minister do now?’
It’s 5:00am and I stir. My stomach feels cramped. I have slept no more than four hours. My mind races. The problems cascade through. I hear the birds and do my meditation. My wife Angie and I are in the middle of an Easter study on the Book of Daniel, and I can’t help but…