Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey, has asked the government to consider reviewing the e-levy rate downgrades as a way of making it easier for more people to pay.   He said this when asked whether the …

The former President of Ghana,  John Dramani Mahama has said the Vice President Dr Mahamudu Bawumia must be removed as head of the Economic Management Team (EMT) because he has failed. Mr Mahama also said that the Finance Minister Ken Ofori-Atta has supervised disastrous collapse of the economy therefore cannot …

The Minister for Finance, Ken Ofori-Atta is expected to present the Mid-Year Budget Review in Parliament on 13 July 2022.   The Majority Leader, Osei Kyei-Mensah-Bonsu revealed this in Parliament on Friday (1 July 2022). The budget review, which is in accordance with Article 179 of the 1992 Constitution and …

Ghana is set to hold talks with the International Monetary Fund (IMF) on a support package. The Nana Addo Dankwa Akufo-Addo administration had refused to seek an IMF bailout despite the massive economic downturn in the last six months, but later decided to swallow its pride and seek support from …

Golden Tulip Hotels in Accra and Kumasi will from today July 1st, 2022, be known as Lancaster Hotel. This follows the sale of the hotel to some Lebanese investors.   According to documents in the possession of Joy Business, the Golden Tulip Hotels in Accra and Kumasi owned by a …

The IMF says it is ready to support Ghana to revive its ailing economy. The resident representative of the fund, Dr. Albert Touna-Mama in a series of tweets confirmed that the Government of Ghana had reached out to his outfit for support to restore the economy to a path of …

The Member of Parliament for Assin Central, Kennedy Agyapong has expressed disappointment in the decision by the New Patriotic Party (NPP) government to go to the International Monetary Fund (IMF) for support. He said this decision will make breaking the 8-year cycle by the party tough. In his view, this …

The Former Deputy Finance Minister, Casiel Ato Forson has welcomed the decision by the government to go to the International Monetary Fund (IMF) for support. He said he is glad over the decision. “I am glad that finally, the NPP government has taken the decision to go to the IMF …

The Deputy Majority Leader in Parliament, Alexander Afenyo-Markin has told the Minority that the National Democratic Congress (NDC), when in government, went to the International Monetary Fund (IMF) for support due to mismanagement of the economy.   The Effutu lawmaker stated on the floor of Parliament Friday July 1 that …

On Friday, the Information Ministry announced that President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund. The decision has taken many Ghanaians by surprise. This is because before approaching IMF, the government, on numerous occasions, insisted that a bailout from the …