General News of Monday, 5 December 2022 Ken Ofori-Atta, Finance Minister   Ghana is asking local bondholders to accept losses on interest payments as it restructures its debt to qualify for a loan from the International Monetary Fund. The West African country will replace existing local-currency debt with four new bonds maturing in 2027, 2029, 2032, and 2037, Finance Minister ...

Founder of defunct Capital Bank, William Ato Essien and Rev. Fitzgerald Odonkor, former MD   The High Court of Ghana will on Thursday December 1, 2022 deliver a ruling regarding the matter of the defunct Capital Bank Limited and its founder William Ato Essien. Ato Essien has been standing trial along with the former Managing Director of the defunct bank, Fitzgerald ...

  Alan Kyeremanten, Minister for Trade and Industry The Ministry of Trade and Industry has directed the management of the Ghana Standards Authority(GSA) to abandon the implementation of Act 891. The Act passed by Parliament is to ensure road safety by banning the importation of certain types of used vehicles. According to the Customs (Amendment) Act 2020, Section 61 of ...

Executive Chairman of JGC with Vice President of Exim Bank-Thailand, Madam Draswan Shoowon The Jospong Group of Companies (JGC) has responded positively to the government’s decision to boost rice production in the country by signing MoUs with major rice players in Thailand. Presenting the 2023 Budget in Parliament last week, the Minister of Finance, Ken Ofori-Atta, said that as part of efforts to ...

The Vice President of Ghana, Dr. Mahamudu Bawumia, has stated the usage of gold to purchase oil instead of dollars is not a move against the usage of the US dollar for international transactions. He explained that the decision came about, due to the persistent depreciation of the Ghana cedi. Speaking at the AGI Awards night in Accra, Dr. Bawumia ...

Finance Minister, Ken Ofori-Atta Government has introduced a number of expenditure cut measures that will take effect from January 2023. The Finance Minister, Ken Ofori-Atta, made this known when he appeared before parliament to present the 2023 budget statement. He said: “Mr. Speaker, as a first step toward expenditure rationalisation, Government has approved the following directives which take effect from January ...

play videoFinance Minister, Ken Ofori-Atta The government has frozen the hiring of public and civil servants for the 2023 financial year. According to the Finance Minister, Ken Ofori-Atta, this is part of expenditure cut measures being adopted by government to address the current economic challenges. “A hiring freeze for civil and public servants. No new government agencies shall be established in ...

  play videoKen Ofori-Atta, Finance Minister 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 key measures announced in ...

Ken Ofori-Atta, Finance Minister The Minister of Finance, Ken Ofori-Atta, is in parliament to fulfill his constitutional mandate by presenting the government budget to the House. The presentation is in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921). The minister is presenting the 2023 Budget Statement and Economic Policy ...

Vice President, Dr. Mahamudu Bawumia Vice President Dr. Mahamudu Bawumia has said government is negotiating a new policy that seeks to ensure the country purchases imported oil products with gold rather than foreign exchange. In a Facebook post on November 24, 2022, the Vice President said the policy is expected to take effect by the end of the first quarter of ...