The central government owes suppliers and contractors an astounding GHS67.5 billion, according to Finance Minister Dr. Cassiel Ato Forson. Dr. Forson emphasized the substantial arrears accrued by the government, which amount to 5.2% of Ghana’s GDP as of December 2024, when he presented the government’s 2025 Budget Statement and Economic …
Read More »“We inherited an economy in deep crisis” – Finance Minister discloses
Cassiel Ato Forson, Ghana’s Finance Minister, has stated that the new government’s economic problems are still grave. On Tuesday, March 11, Forson gave Parliament the government’s 2025 Budget Statement and Economic Policy. He emphasized the severe financial circumstances in the nation and the economic difficulties the new administration inherited. “We …
Read More »Emissions levy, betting tax and E-levy to be abolished – Finance Minister
Dr. Cassiel Ato Forson, the Finance Minister, declared that the government was going to abolish the 10% lottery winnings tax, often known as the betting tax, and the Electronic Transaction Levy (E-levy). On Tuesday, March 11, the Minister made this announcement while presenting the government’s first budget statement to Parliament. …
Read More »Government uncaps GETFund to fully finance Free SHS – Finance Minister
Dr. Cassiel Ato Forson, Ghana’s Finance Minister, has announced significant policy changes meant to enhance the country’s ability to finance education. The Ghana Education Trust Fund (GETFund) must be uncapped in order to fully finance the Free Senior High School (SHS) program and free tertiary education for people with disabilities …
Read More »President Mahama meets Niger Head of State
As part of his ongoing tour of West African nations, President John Mahama pursued Ghana’s long-standing good neighbor policy. He visited Niamey, Niger, on Sunday to meet with General Abdourahamane Tchiani, who is the National Council for the Safeguard of the Homeland’s president. Following negotiations behind closed doors, the two …
Read More »Government to pay GH¢150.3 billion in domestic debt service – Dr Ato Forson
The country is scheduled to spend approximately GH¢150.3 billion in domestic debt service over the next four years. This amounts to 11.6% of GDP in domestic debt payment obligations alone, with 73.3% of that amount due in 2027 (GH¢57.6 billion) and 2028 (GH¢52.5 billion). Huge domestic debt service payments have …
Read More »Finance Minister to present 2025 Budget statement and economic policy today
The 2025 Budget Statement and Economic Policy, the first detailed financial plan of the Mahama administration since taking office, will be presented to Parliament today by Finance Minister Dr. Cassiel Ato Forson. Bold policy initiatives to stabilize the economy, promote growth, and solve the country’s economic issues are anticipated to …
Read More »Ghana’s biggest problem is unemployment – Afrobarometer survey reveals
The Afrobarometer has reviewed its 2024 survey results, highlighting the pressing issues of Ghanaians as they await Finance Minister Dr. Cassiel Ato Forson’s 2025 budget presentation today. According to the Afrobarometer study, which was first carried out in August 2024, the public’s top three priorities for government action are healthcare, …
Read More »MoMo vendor stabbed to death in Kwadaso
In Kwadaso, Ashanti Region, a 24-year-old mobile money dealer named Junior was brutally murdered in his one-room apartment. The victim was attacked by unknown assailants who allegedly took an undisclosed amount of money and ran away. Inside his room, a puddle of blood revealed the body of the dead, who …
Read More »Mahama hints at daily Accra-Ouagadougou flights to boost trade
There are talks to establish a direct flight between Accra and Ouagadougou as part of President John Mahama’s initiatives to enhance economic ties between Ghana and Burkina Faso. In an effort to improve connectivity and ease trade, President Mahama announced that a Ghanaian airline would launch a daily trip between …
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