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Tag Archives: approval

Government has printed GH¢22b worth of new cedis without parliamentary approval – Ato Forson alleges

Dr. Cassiel Ato Forson, a former deputy Finance Minister, has alleged that government through the Bank of Government (BoG) has printed an amount of GH¢22 billion in new currency notes without Parliamentary approval. According to him, the new notes were printed between January and June 2022 on the orders of the government …

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Delayed budget approval cause of Cedi depreciation- Bawumia

Vice President Mahamudu Bawumia has attributed the drastic depreciation of the local currency to challenges in approving the 2022 budget and the Russia-Ukraine war. According to him, the situation brought about low investor confidence in Ghana’s economy among others. “The financial markets’ assessments of the 2022 budget, unfortunately, concluded that …

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You had no excuse to allow approval of E-Levy – Ras Mubarak tells Minority

Ras Mubarak, a former Member of Parliament (MP) for Kumbungu Constituency, has blamed the leadership of the Minority for failing to deploy its parliamentary prowess to prevent the passage of the Electronic Transaction Levy (E-Levy) bill. In a Facebook post on Tuesday, March 29, Mubarak said the Minority had no excuse to …

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Minority shoots down approval of another €20m loan facility

The minority in parliament for the second time this week has scuttled approval of a 20 million Euros Loan Facility agreement between the government of Ghana and Germany over lack of quorum for decision making. The facility which is to finance Green Credit Line under the Reform and Investment Partnership …

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Minority shoots down loan approval over Supreme Court ruling

Minority Leader, Haruna Iddrisu, has scuttled the approval of over 38 Million Euros loan agreement between Ghana and Deutsche bank of Frankfurt for construction of 40-bed District Hospitals in three constituencies. The loan facility was to see the construction of 40-bed hospitals in Ayensuano, Effiduase, and Offinso as well as …

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Speaker directs govt to present Airtel Tigo acquisition deal before Parliament for approval

Speaker of Parliament Alban Bagbin has directed government to put before parliament for scrutiny agreement for the acquisition of AirtelTico. Government acquired 100% stake in the company last year following serious financial challenges. Minister for Communications and Digitalisation, Ursula Owusu-Ekufful in answering questions from the Ningo-Prampram MP, Sam George about …

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Ofori-Atta’s approval was discussed with Council of Elders – NDC

Asiedu Nketia and Ofosu Ampofo The opposition National Democratic Congress has called for calm among its followers following the consensus approval of Finance Minister-nominee Ken Ofori-Atta by the Appointments Committee of Parliament. “It is hereby announced to the rank and file of the party and to the notice of all …

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Bagbin has no powers to block approval of budget – Osei Kyei-Mensah-Bonsu

Majority Leader Osei Kyei-Mensah-Bonsu has indicated that the Speaker of Parliament does not have any power under the law to reject the budget. Speaker Alban Bagbin has threatened to reject the budget because there has been a slash in the budget for the Legislative and Judicial arms of government. In an interview monitored by GhanaWeb, the …

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