News From ghana

Over 90% of banking fraud comes from employees – BoG

Dr Joe France, the Director of Financial Stability, Bank of Ghana (BoG), has said that over 90 per cent of fraud-related cases in the banking sector are associated with the employees. According to him, investigations have revealed that some of the banking staff masterminded most of these frauds and urged the management of Banks to be wary of people they ...

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Gov’t directs Police to interdict 21 personnel involved in Manso-Nkwanta shooting

The government has directed the Police Administration to interdict and begin formal criminal investigations into the conduct of 21 police personnel involved in a shooting incident which resulted in the death of seven persons at Manso-Nkwanta within the Amansie West District of the Ashanti Region. The seven persons were reportedly gunned down on July 17, 2018, by Police on suspicion ...

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We won’t applaud ‘stubborn’ Ofori-Atta for his ‘stupidity’ – Fifi Kwetey

Finance Minister, Ken Ofori-Atta’s decision to take a u-turn on the personal income tax has rather earned him the fury of some Minority members in parliament. Mr. Ofori-Atta announced during the reading of the 2018 Mid-year Budget review, the introduction of an additional personal income tax where persons who earn GHC 10,000 and above will have to pay taxes of ...

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NPP Sky Train Project: Will it pass through Maamobi? – Ade Coker mocks

Greater Accra Regional Chairman of the opposition National Democratic Congress (NDC), Ade Coker has described as overambitious government’s plan to build a sky train. In his view, the NPP government should cut their coat according to their size and quit embarking on ‘overambitious’ projects. “When I heard that government is working towards sky train project, I laughed and asked myself ...

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Budget 2019: Ghana’s public debt hits GH¢170 billion

The Finance Minister, Ken Ofori Atta has put the country’s debt, as at the end of September 2018, to GH¢170.8 billion. This, he explained, comprises external and domestic debt of GH¢86.6 billion and GH¢84.1 billion respectively. “The overall rate of debt accumulation in 2018 is 19.8 percent, driven primarily by the cost of the clean-up of the financial sector, involving ...

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LIVESTREAMING: Finance Minister presents 2019 Budget to Parliament

Industrialists, investors and Ghanaians alike await in anticipation as Finance Minister Ken Ofori Atta reads the budget statement and financial policies for the third year in office of the Akufo-Addo administration. Key among what Ghanaians expect to hear are tariff reductions in electricity and water as well as price cuts in fuel considering assurances earlier averred by President Akufo-Addo to ...

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‘Anti-northerner’ allegation against me frivolous, without substance – Betty Mould

Vice Chairperson of the National Democratic Congress and National Chairperson aspirant, Betty Mould-Iddrisu has described anti-northerners allegations made against her by Joseph Yammin as frivolous and lacking substance. The former Ashanti Regional Secretary, Joseph Yammin speaking at a Kumasi-based radio station described Betty Mould-Iddrisu as someone who has strong hatred for people of northern descent. According to Yammin, voting for ...

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FULL TEXT: Ken Ofori-Atta presents 2019 Budget to Parliament

Finance Minister Ken Ofori-Atta presented the 2019 Budget statement to Parliament amidst boos and skepticism from especially minority members in Parliament. As expected, Mr. Ofori-Atta was clad in his all white apparel as has become custom of the Finance Minister. The budget, themed; “A Stronger Economy, for Jobs and Prosperity” highlighted key achievements of the Akufo-Addo administration in the past ...

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2019 Budget: 50-year ‘dead’ rail sector will be alive next year – Finance Minister

Finance Minister, Ken Ofori Atta, is hopeful the railway sector will begin to show signs of recovery after several years of setback. According to him, development of railway infrastructure across the country is nearing completion for the sector to be relaunched. “We are confident, 2019 will witness the relaunch of the railway system in Ghana after some 50 years of ...

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