Tag Archives: Ken Ofori-Atta

The Finance Minister, Ken Ofori-Atta, has emphasized that the primary objective of the Bank of Ghana, like all central banks, is not to generate profit. In an article titled “Standing Strong With The Bank of Ghana,” he addressed the importance of managing the central bank as a financially sustainable institution, …

There is an anonymous quote that says “Banks are to the economy what the heart is to the human body. They cycle necessary capital through the whole and they are barely noticed until pressure, necessity, or crises.” In much the same way, our Central Bank these past almost seven years …

An International Monetary Fund (IMF) Staff Mission will commence Ghana’s first review of the ongoing $3 billion loan-support programme from September 25, 2023, the Finance Minister, Ken Ofori-Atta has announced. “The Fund will be here from September 25 through to the beginning of October 2023,” the Minister said, adding, “hopefully, …

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 …

Finance Minister, Ken Ofori -Atta says he was heartbroken and disappointed during the demand for President Akufo-Addo to dismiss him or he resign his post. In an exclusive interview with GTV on Sunday, August 6, Mr Ofori-Atta said during those protests, he was battered and broken but only had one …

The Minister of Finance, Ken Ofori-Atta will present the 2023 mid-year budget review in Parliament today, Monday, July 31, 2023.   Originally slated for July 27, 2023, the presentation was rescheduled to July 25, 2023, only to be cancelled.   “In accordance with Section 28 of the Public Financial Management …

Following the painful and poorly implemented Domestic Debt Exchange Programme (DDEP) by this government, Pensioners were forced to picket at the Finance Ministry several times to demand payment of their matured coupons and principal investment in government bonds. The scenes of agony and frustrations among the fragile Pensioners to get …

The Member of Parliament for Tamale Central, Ibrahim Murtala Muhammed, is skeptical that President Akufo-Addo will terminate the appointment of the Finance Minister after Ghana successfully brokered a deal with the International Monetary Fund (IMF). The President in 2022 had promised to let go of Ken Ofori-Atta once he had …

The International Monetary Fund (IMF) has described government’s flagship Free SHS Senior High School (SHS) programme as poorly targeted. The Fund made this observation in its latest country report on Ghana, whose request for a $3 billion bailout it recently approved. According to the report, the Free SHS programme “which …

The Finance Minister, Ken Ofori-Atta has urged the Board of Trustees of pensions funds to allow for pension funds to be included in government’s new proposed debt restructuring offer. The Minister in a signed release explained that the new proposal is aimed at alleviating the cash constraints on the government …