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Tag Archives: Finance Minister’

Mid-Year Budget: Ghana’s Public Debt Hits GH¢742bn From GH₵658.6bn – Finance Minister Reveals

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering the 2024 mid-year budget review in parliament in Accra …

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Finance Minister To Present 2024 Mid-year Budget Review Today

Finance Minister Dr. Mohammed Amin Adam will today present the 2024 Mid-Year Budget Review in Parliament. This will be his first budget presentation since becoming Finance Minister in February 2024, in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). The review will update the House …

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Audio: NDC Can No Longer Campaign On Economy – Finance Minister Brags

Finance Minister Dr Mohammed Amin Adam is confident that the government has outperformed the opposition National Democratic Congress (NDC) on economic metrics. According to him, the performance of the New Patriotic Party (NPP) on the economy leaves nothing for the NDC to trumpet in their campaign ahead of the 2024 …

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Finance Ministry Refutes GH¢77million Contingency Vault For Football Reports

The Ministry of Finance has described as inaccurate and unfounded a report by some media outlets suggesting that the Finance Minister, Ken Ofori-Atta, took GH¢77 million from the Contingency Vault for football, and spent GH¢27.9 million on the Black Stars. In a statement, the Ministry said the story attributed to …

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IMF Bailout: Ghana On Track For 2nd Tranche In December – Finance Minister Assures

Finance Minister Ken Ofori-Atta says Ghana is on track to receive the second tranche of the IMF bailout cash in December to support the government’s balance of payments (BOP) for 2023 and 2024. The Bank of Ghana’s June 2023 summary of the Economic and Financial Stability Report shows that the …

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Finance Minister To Present Mid-Year Budget Review On July 25

Finance Minister Ken Ofori-Atta is expected to present the Mid-Year Review of the Budget Statement and Economic Policy of the Government for the 2023 Financial Year to Parliament on Tuesday July 25, 2023. Mr Ofori-Atta’s presentation would be pursuant to the Public Financial Management Act, 2016 (Act 921). Deputy Majority …

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IPPs Notify Finance Ministry To Cut Power Supply By July 1

The Independent Power Producers (IPPs) have reminded Finance Minister, Ken Ofori-Atta, of their intention to cut power supply to the national grid from July 1, 2023. This was after an emergency meeting held on Tuesday, June 20, 2023. According to the Chamber of Independent Power Producers, calls on the government …

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Don’t Derail Progress Made With False Reportage – Finance Minister Cautions Media

Ghana’s Finance Minster, Ken Ofori-Atta has admonished the media to be circumspect in their reportage on the economy and other national issues in order not to derail the progress made so far. In his Sunday, June 18 update on the economy at the Ministry of Finance, Mr. Ofori-Atta raised concerns …

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Finance Minister Sues Onua TV/FM’s Captain Smart For Defamation

The Finance Minister, Kenneth Nana Yaw Ofori-Atta, has filed a GHC10 million defamation lawsuit against Blessed Godsbrain Smart (aka Captain Smart), the host and presenter of Maakye with Captain Smart on Onua TV and Onua FM, for defamatory claims he made against him about the recently approved International Monetary Fund …

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IMF’s First Tranche Of $600M To Hit BoG Account On Friday – Ernest Addison Confirms

Governor of the Bank of Ghana (BoG) Ernest Kwamina Yedu Addison has revealed that the first tranche of $600 million from the International Monetary Fund’s $3 Billion credit facility, will hit the bank’s account on Friday, May 19, 2023. Speaking at the IMF and the Finance Ministry’s joint press conference …

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