According to Finance Minister Ken Ofori-Atta, the government has set a target for an overall real gross domestic product (GDP) increase of 2.8% for the upcoming year. On Wednesday, November 15, 2023, Ofori-Atta delivered the 2024 Budget Statement to Parliament. She stated, “Overall Real GDP growth to increase from an …

According to Finance Minister Ken Ofori-Atta, Ghana’s economy is truly recovering as seen by the cedi’s stability. The cedi’s stability in relation to the US dollar in June and July of 2023 suggests that Ghana has benefited from the International Monetary Fund (IMF) program. Ofori-Atta stated, “The performance of the …

Following the reading of the 2024 Budget and Financial Statement on Wednesday, November 15, 2023, the government of Nana Addo Dankwa Akufo-Addo and the Minister of Finance, Ken Ofori-Atta, came under fire from Dr. Cassiel Ato Forson, the Minority Leader and Member of Parliament for Ajumako-Enyan-Esiam. Former deputy minister of …

Deliberations on the 2024 budget review are scheduled to begin on November 19, and Speaker of the House Alban Bagbin has asked members to become acquainted with the House’s Standing Order. Bagbin stressed that he would strictly follow the guidelines and that he would not use force to enforce them. …

According to Finance Minister Ken Ofori-Atta, the government has estimated spending for 2024 of around GHC226.7 billion, or 21.6% of GDP. According to this forecast, total expenditures (commitment basis) will be 6.1% less than in 2022 compared to the previous year. The GHC205 billion that the government plans to spend …

Finance Minister Ken Ofori-Atta has stated that the government’s YouStart program is anticipated to launch early in the next year. The government is dedicating GHS200 million to ensuring that more young people are encouraged to pursue entrepreneurship, and it is collaborating with the World Bank to acquire investment totaling USD …

Certain tax breaks on sanitary pads and other locally produced goods have been announced by Finance Minister Ken Ofori-Atta. “Mr. Speaker, our tax policy strategy since 2017 has been to provide the private sector with substantial relief until 2020 spending pressures necessitated a more aggressive strategy. When he submitted the …

The Finance Ministry’s visit to the victims of the Akosombo and Kpong Dam spills in Mepe, the Volta Region, was deemed “revealing” and “sobering” by Finance Minister Ken Ofori-Atta. Mr. Ofori-Atta stated that the families displaced and impacted by the leakage are sympathized with by his Ministry. On Wednesday, November …

According to Minister of Finance Ken Ofori Atta, Ghana’s GDP under President Akufo-Addo’s final year in office is expected to grow from GH¢219.5 billion in 2016 to over GH¢1 trillion in 2024. That would be the first time in the history of the economy of the nation to surpass the …

The government’s budget plan for 2024 was revealed by Finance Minister Ken Ofori-Atta, who projects total income of GH¢176.4 billion. During his presentation of the economic policy and the 2024 budget statement, Ofori-Atta emphasized that the government expects overall spending to amount to GH¢226.7 billion, or 21.6 percent of GDP. 6.1 …