The National Insurance Commission (NIC) together with the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service, will soon commence a nationwide exercise to enforce the Motor Insurance Database (MID) introduced by the NIC in January 2020. A joint task force will be on the road to inspect motor insurance, to reduce the number of uninsured vehicles on ...

The Customs division of the Ghana Revenue Authority has emphasized that from the 1st of November, 2020 it will commence the enforcement of the law that bans the importation of Salvaged vehicles into Ghana barring any unanticipated circumstances and if all provisions stipulated in the law are fulfilled. Speaking on Eye on Port, the state agency mandated to supervise imports ...

A Deputy Finance Minister, Charles Adu Boahen, has said a big chunk of depositors locked-up funds during the banking sector clean-up have been settled. He said at least 96% of persons whose monies were locked-up in the collapsed banks and saving and loans companies have received their deposits. Mr Charles Adu Boahen disclosed that 20% of the funds were paid ...

Ghana’s public debt stock has hit GH¢255,727.1 million (US$45,486.1 million), Finance Minister Ken Ofori-Atta has told Parliament in his 2020 mid-year budget review on Thursday, 23 July 2020. “Mr Speaker, consistent with the front-loading of the government’s fiscal operations, the financing needs of the government were also front-loaded. As earlier stated, the COVID-19 pandemic has resulted in the tightening of ...

Finance Minister Ken Ofori-Atta has revealed that government is set to launch a GH¢100 billion development program. Mr Ofori-Atta said this while delivering the 2020 mid-year budget review on the floor of parliament Thursday afternoon. He said the GH¢100 billion program is to revitalise the economy due to the impact of COVID-19. According to the Finance Minister, although the pandemic ...

The Finance Minister, Ken Ofori-Atta today presented the mid-year budget for 2020 to Parliament. Mr. Ofori-Atta’s appearance in parliament is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). The budget reading is to give an overview of the macroeconomic development of government over the past 6 months and that for the rest of the ...

All is set for an Accra High Court to commence the hearing of an appeal filed by Senior Minister Yaw Osafo-Maafo and four other officials from the Ministry of Finance against the Auditor-General’s US$1 million disallowance and surcharge in respect of the contract to Kroll and Associates. On Wednesday, the parties in the case will report back to the Supreme ...

The High Commission of Canada in Ghana is supporting government with GHc2.5 million towards the progress of Ghanaian women in agribusiness. The Ministry of Food and Agriculture and the Ministry of Local Governance and Rural Development (MLGRD) have launched the pilot support to Women Farmer-Based Organizations (WFBOs) that are engaged in post-production agricultural operations in Ghana. This support from the ...

Drivers of commercial vehicles are counting their losses, as theCOVID-19 restrictions imposed some three months ago continue to bite deeper into their pockets. With investments made into the provision of veronica buckets, water basins, soap and sanitizers at the various lorry stations, to enable passengers to wash and sanitize their hands before boarding vehicles, drivers whose daily dues were used ...

The President of the ENGINE Business Network (EBN), members of the EBN, distinguished speakers, invited guests and participants, good morning. 1. I am very honoured to join you today, and I thank the Executives and members of the EBN for inviting me to deliver the keynote address. 2. This important forum falls on no less a day than the day ...