Tag Archives: BUDGET

The Minister of Finance, Ken Ofori-Atta has appeared before parliament to fulfill his constitutional mandate by presenting the government budget to the House. The presentation was in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921). GhanaWeb in this article highlights …

The Minority Leader in Parliament, Haruna Iddrisu, has described the 2022 Budget Statement and Economic Policy as a Ɛka mpɛ dede budget. The Akan phrase, teased from the popular ‘sika mpɛ dede’ that was used by President Nana Addo Dankwa Akufo-Addo during his last address to the nation, literally means that ‘debt does …

The Minister for Finance, Ken Ofori-Atta, has announced a proposal to review the Electronic Transfer Levy (E-Levy) from its current rate of 1.5 percent to 1.0 percent. In addition to the reduction of the rate, Ofori-Atta also proposed the removal of limits on transfers that will attract the levy. “Review the …

The government has indicated a further reduction in the headline rate of the controversial Electronic Transfer Levy to 1 percent from the current 1.5 percent. The review of the act is to drive aggressive mobilisation of domestic revenue. Finance Minister, Ken Ofori-Atta disclosed while presenting the 2023 budget statement in …

Government says it will not recruit any more staff into its workforce next year. Finance Minister, Ken Ofori-Atta, says his outfit will halt the employment of personnel in the country’s civil and public service from January 2023. He says this is geared towards expenditure rationalisation going forward. Mr Ofori-Atta said …

The Minister for Finance, Ken Ofori-Atta, will on Thursday, 24 November 2022, present government’s budget statement for the 2023 year before Parliament. This was announced by Majority Chief Whip Frank Annoh-Dompreh in Parliament, today, Monday, 21 November 2022. The Majority Chief Whip, while presenting the Business Statement of Parliament for …

Minister of Finance, Ken Ofori-Atta has disclosed that all things being equal he expects to present the 2023 Budget to Parliament, peacefmonline reports. The Minister who is currently the subject of a motion of censure told journalists in Parliament that he had, however, yet to be officially informed about the …

The Presidency overspent its budget by some GHC75 million, the Auditor General’s report on the public account for 2021 has revealed. The office of the president, according to the report, was allocated some GHC 82,970,658 for expenditure on compensation for 2021. However, per the A-G’s audit, the office the president …

The NDC minority caucus in parliament has cautioned the Bank of Ghana(BOG) to yield to Parliamentary oversight in its dealings, particularly in relation to money printing to finance government spending. A statement issued by the minority leader, Haruna Iddrisu on Friday, August 19, 2022 said the fiscal dominance regime the …

Former President, John Dramani Mahama has said the continuous depreciation of Ghana’s cedi “in recent days, clearly shows that the mid-year review of the 2022 budget failed to win back the confidence of the investor community”. The cedi as of August 9 is selling at GH¢9.12 to the US Dollar. …