Tag Archives: #Government

The Ghanaian currency has continued to strengthen the trend against the US dollar and all the other major foreign currencies. The cedi in the last two weeks has been on a path of resurgence against all the major trading currencies. The local currency is currently trading at ¢8 to a …

The Agbogbomefia Paramount Chief of Asogli State has described the government’s promise of “no haircuts” in the ongoing debt exchange programme as a mockery. Togbe Afede XIV said the opposite is currently happening.   According to him, a reduction in a promised coupon simply means a “haircut.” In a 14-page …

Government has placed a ban on the use of V8 and V6 vehicles by officials effective January 2023. This was announced by the Finance Minister, Ken Ofori-Atta during the 2023 budget presentation on Thursday, November 24. However, the use of such vehicles will be permitted for travels outside Accra.   …

The government has reduced the Electronic Transfer Levy rate from 1.5% to 1%. The daily transaction threshold has also been removed. This, according to the government, will allow more Ghanaians to use the service. This was announced by the Finance Minister, Ken Ofori-Atta on Thursday, November 24, during the 2023 …

Information Minister, Kojo Oppong Nkrumah has announced that Government has outlined some immediate plans to help arrest the free fall of the Ghana cedi. According to him, Governor of Bank of Ghana (BoG), Dr. Ernest Addison has scheduled a crunch meeting tomorrow, Tuesday, October 25, 2022, with all CEOs of …

Ghana has to show proof that its debt levels are sustainable before the International Monetary Fund (IMF) can approve an economic support programme for the country. That is according to the Director of IMF’s African Department, Abebe Aemro Selassie. Mr. Selassie told the media in Washington on October 14, that …

Ghana’s President Akufo-Addo says there are “powerful forces” in the society hoping for his government’s flagship Free Senior High School (SHS) programme to fail. “Already there are some who are eager to curtail some of the important initiatives such as the Free SHS policy. “There are powerful forces in society …

Deputy Majority Leader, Alexander Afenyo-Markin has said that the electronic transaction levy (E-levy) will be reduced from 1.75% to at least 1.5%. According to him, the reduced charge was captured in the revised version of the 2022 budget submitted by the Finance Minister, Ken Ofori-Atta on Tuesday. Speaking on PM …

A Kumasi High Court has slapped government with a $15.3 million judgment debt for the unlawful seizure of excavators. It has also ordered that government pays the mining company, Heritage Imperial Limited an amount of ¢600,000. This amount was awarded to the mining firm prospecting for gold in the Apamprama …

Government has revealed that it will spend more than ¢1.5 billion to end the controversial double-track system by 2024. According to the Education Minister, Dr Yaw Osei Adutwum, the said amount will be spent on infrastructure in senior high schools nationwide. The double-track system was introduced in the wake of …