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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 ...

In a week where Ghanaians are celebrating him for the peace and sanity he brought to the political space, the NDC, the party on whose ticket he stood to become President have announced their departure from what he stood for. According to Sammy Gyamfi, who is the Communications Director of the NDC, Mills’ ‘asomdwehene’ has become stale and no long ...

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 ...

As today marks exactly 8 years since the passing of the late former president Prof. John Evans Atta Mills, it was expected that members of the National Democratic Congress (NDC), friends, family members and sympathisers will gather together to mark the anniversary. However, this was not the case for this year’s anniversary of the late president as two different events ...

Government has eased the cost of the Communication Service Tax (CST) from nine percent to five percent due to the coronavirus pandemic. Finance Minister, Ken Ofori-Atta, announced this reduction in parliament on Thursday, July 23, 2020, when he presented the Mid-year budget review statement. Addressing the august House, he noted, “In the short term, we will reduce the CST from ...

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 ...

Despite the numerous challenges that have plagued the discharge of his duties as Ghana’s first Special Prosecutor, Martin Amidu has taken a keen interest in the Airbus scandal which now revolves around a brother of former President John Dramani Mahama. The Special Prosecutor has assured Ghanaians that his office will at all cost, rake in the excessively greedy individuals who ...

Contrary to claims that the issuance of an Interpol Red Notice for the arrest and trial of brother of former president John Dramani Mahamawas politically engineered to smear the name of the former leader, Special Prosecutor Martin Amidu has brought clarity to his request to the International Police. The Special Prosecutor said his office uncovered substantive evidence into the controversial ...

The office of the special prosecutor says it has unearthed crimes of impersonation and forgeries in the ongoing investigations relating to the Airbus SE (Ghana) bribery scandal. On July 10, Interpol issued an international red notice for Samuel Mahama and three others over their alleged involvement in the Airbus Bribery Scandal. Mr Samuel Mahama also known as Samuel Adam Fosters, ...