Tag: Leslie Dwight Mensah
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Mid-year budget: Out of every 1 cedi collected as revenue, 51 pesewas is used to pay debt
Ghana’s public debt reached GH₵203.9 billion in June 2019 and the cost of servicing this debt seems to be choking government’s ability to spend on the needed capital infrastructure. The Finance Minister Ken Ofori-Atta las week presented the 2019 mid-year budget requesting to spend an additional GH¢6.4 billion in the supplementary budget. Out of this…
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IFS demands detailed breakdown of energy sector debt
The Institute for Fiscal Studies (IFS) is demanding that the government publishes a detailed report on the monies it owes to companies in the energy sector. According to the Finance Minister Ken Ofori-Atta in the mid-year budget, agreements signed between previous government and power producers is costing the country at least US$500 million per annum…