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 ...

  Finance Minister, Ken Ofori-Atta Embattled Finance Minister Ken Ofori-Atta has observed that the minority in parliament, who have filed a motion of censure against him on seven grounds, one of which is that he unconstitutionally withdrew money from the consolidated fund toward the construction of the national cathedral, seem confused over the processes he used in securing the funds ...

The Bank of Ghana has withdrawn forex support to banks for the importation of certain items classified as non-critical, as part of measures to fight the depreciation of the Ghana cedi in line with a directive by President Nana Akufo-Addo to that effect. The new policy came into effect three weeks ago. An electronic message from the Bank of Ghana to the banks ...

The Bank of Ghana has withdrawn foreign exchange support to customers for the importation of certain non-critical or essential goods. Joy Business however understands that the withdrawal of the FX support for the importation of these non-essential goods took effect in the past three weeks. The goods affected include rice, poultry, vegetable oils, toothpicks, pasta, fruit juice, bottled water and ...