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Tag Archives: FINANCE

Deputy finance minister John Kumah is dead

John Kumah, a deputy Minister of Finance, has reportedly died. According to a news report by asaaseradio.com, a source close to the family confirmed the demise of the Deputy Finance Minister, who is also the Member of Parliament for Ejisu, in the Ashanti Region. Even though the cause of the …

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Akufo-Addo directs finance minister to complete Kumasi International Airport, Kejetia project

President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has directed the Finance Minister, Dr Mohammed Amin Adam, to complete Abandoned projects in the Ashanti Region. Some of the landmark projects include the Kumasi International Airport, Okomfo Anokye Maternity Block, and the Second Phase of the Kejetia Central Market redevelopment …

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Govt charging VAT on electricity since January 1; finance minister letter shows

A letter from the Ministry of Finance has showed that the government has been changing Value Added Tax (VAT) on a section of electricity consumers in the country. The letter, which was signed by the Minister for Finance, Ken Ofori-Atta, and addressed to the Electricity Company of Ghana (ECG) and …

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On November 15, the Finance Minister is scheduled to present the 2024 budget

  Ken Ofori-Atta, the minister of finance, will deliver the government’s 2024 budget statement and economic policy to parliament on Wednesday, November 15. The objective of this presentation is to delineate the government’s approaches to revenue generation and policies designed to mitigate the present economic hardships experienced by Ghanaians. Speaker …

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No more borrowing to finance Nigerian economy – Finance Minister

The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this at the end of the inaugural Federal Executive Council …

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Prof. Stephen Adei resigns from finance ministry advisory board

Prof Stephen Adei, a former rector of the Ghana Institute of Management and Public Administration (GIMPA), has quit an advisory role he occupied at the finance ministry. The decision to resign from the advisory board of the Ministry of Finance come in the wake of his critique of the management …

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Ex-Minister of State at finance ministry relocates to South Africa

Charles Adu Boahen, a former Minister of State at the Finance Ministry, has denied remaining a director on the Bank of Ghana (BoG) Board, after leaving the ministry in November, last year. Family sources told The Herald that, Mr Adu Boahen, has virtually relocated to South Africa, where he works, …

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I was betrayed, I wanted to be finance minister – Dr Apraku

New Patriotic Party presidential hopeful, Dr Kofi Konadu Apraku, has expressed his disappointment of not being offered a position in the Nana Addo Dankwa Akufo-Addo government. He said that despite all the contributions he made to help the party win victory he was overlooked by the Akufo-Addo government when it came to …

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Finance Minister sues Captain Smart for defamation, seeks GH¢10 million in damages

Minister of Finance Ken Ofori-Atta has instituted legal action against radio and TV show host Captain Smart for recent comments that the minister was a direct beneficiary of recently released bailout funds from a global lender. In a High Court writ dated Friday, June 2, 2023 and sighted by GhanaWeb, the minister’s lawyer …

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Former finance minister Dr Joe Abbey is dead

Renowned Economist and former Minister of Finance and Economic Planning, Dr Joe Abbey has passed away after a short illness. According to a Joy Business report, the former Government Statistician and Diplomat passed away over the weekend. Until his demise, Dr. Joe Abbey was serving as the Executive Director of …

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