Tag: Kojo Oppong Nkrumah
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‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah
The government has assured Ghanaians that its negotiations with the International Monetary Fund will be in the best interest of Ghanaians. The government is set to meet with the Team from the International Monetary Fund on Wednesday, July 6, 2022. Some Ghanaians fear flagship programs such as the Free SHS as well as public sector…
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Gov’t, stakeholders to meet over possible fuel price cuts – Oppong Nkrumah
Fuel consumers in Ghana may soon experience some relief with regard to the skyrocketing prices of petroleum products as the government seeks to engage with various stakeholders on possible cuts in some margins and levies on the price build-up. Information Minister, Kojo Oppong Nkrumah, who made the announcement at the Citi Breakfast on Monday said…
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Claims we spent GHS1.7 billion on COVID-19 inaccurate – Government
The government has clarified that it spent GHS19 billion on the COVID-19 pandemic contrary to media reports. This follows publications by some local media houses as well as a post by Member of Parliament for Yapei Kusawgu, John Jinapor, that per the 2021 budget statement, only GHS1.7 billion of the allocated GHS19 billion for issues…
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We’ve assessed potential economic impact of coronavirus on Ghana – Oppong Nkrumah
The Minister for Information, Kojo Oppong Nkrumah, says Ghana’s Economic Management Team and the Finance Ministry, has carried out adequate assessment of the economic impact of the spread of the coronavirus pandemic. His comment comes after Ghana recorded its first two imported cases from Turkey and Norway, involving a Norwegian national and a Ghanaian. The…
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PDS saga: Gov’t refused to yield to MCC’s pressure — Oppong-Nkrumah
Minister of Information Kojo Oppong-Nkrumah has revealed that the government came under intense pressure from Millenium Challenge Corporation (MCC) to reinstate the Power Distribution Services company despite adverse findings made against them in their failed takeover of ECG. The Information Minister’s revelation comes after the US government through the MCC decided against disbursing some US$190…
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Gov’t renegotiating expensive power purchase deals — Oppong-Nkrumah
Government has reiterated it’s committed to taking the necessary steps to ensure that high costs associated with bad power purchase agreements are significantly reduced. The Nana Akufo-Addo led administration has consistently accused the previous regime of signing power agreements which were knee-jerk reactions to the dumsor crisis, a situation which has led to the payment…
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AU delegation in town to assess Ghana’s bid to host African Continental Free Trade Area HQ
A 10-man delegation from the Africa Union (AU) is in the country to assess Ghana’s preparedness and facilities to successfully host the African Continental Free Trade Area Secretariat in Accra. The delegation, led by Ambassador Rosette Nyirinkindi Katungye, AU Advisor on Regional Integration, will spend the next seven days meeting government officials and inspecting facilities…
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Century bond to check overpriced projects – Prof Quartey
The government should be able to finance major infrastructural projects and avoid budget overruns if it is to be successful with the maiden century bond. That is the assertion of Economist at the University of Ghana, Professor Peter Quartey. His comments come on the back of justification for the issuance of the bond by the…
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Parliament approves govt’s $2.5 bn Eurobond
Parliament has approved government’s 2.5 billion dollar Eurobond to finance major government infrastructure. The proceeds of the bond are expected to finance the provision of capital expenditure captured in this year’s (2018) budget for sectors such as the health, roads & highways and railway. The Finance Minister, Ken Ofori Atta in the 2018 budget presentation…