The Finance Minister, Hon. Ken Ofori-Atta has said that crude oil is projected to fall from an average of US$96.4 a barrel in 2022 to US$73.1 a barrel in 2023. He said that the price of crude oil declined by 15.7% between August 2022 and February 2023. This was due …
Read More »Naa Ashokor leaves Asaase Radio
Broadcast Journalist and actor, Naa Ashorkor Mensah-Doku has said her goodbye to the family at Asaase radio. Naa Ashokor made her exit known on Tuesday, August 1 on her Instagram page. This comes after working with Asaase radio for three amazing years. She took to her instagram saying “Today I …
Read More »Exchange rate has stabilized, inflation has softened, and interest rates have declined – Ken Ofori-Atta
In his 2023 mid-year budget review, Minister of Finance Ken Ofori-Atta stated that the government’s efforts to lessen the effects of COVID-19 and the current economic difficulties had been successful in stabilizing fluctuating exchange rates, taming inflation, and lowering interest rates. In his address, the finance minister credited the accomplishments …
Read More »“We’ve settled all arrears owed to caterers under the school feeding programme” – Finance Minister
The arrears owing caterers under the Ghana School Feeding program, according to Finance Minister Ken Ofori-Atta, have been paid. The payment, according to the minister, took care of the caterers’ back payments for both the first term of this year and the third term of the academic year 2022. On …
Read More »Boankra Inland Port: Contractor promises to complete project as scheduled
Asantehene Otumfuo Osei Tutu II and Ghana may be proud of Ashanti Ports Services Limited, concessionaires on the eagerly awaited Boankra Inland Port Project, after they visited the project site and pledged to finish the job on schedule. On Friday, July 28, 2023, senior personnel from Ashanti Ports Services Limited …
Read More »ECOWAS warns Niger coup leaders gives them one week to cede power
The “immediate release and reinstatement” of Mohamed Bazoum, the elected president of Niger, who has been detained by the military since Wednesday, has been sought by the Economic Community of West African States (ECOWAS). In addition to stopping energy transfers, ECOWAS declared the “suspension of all commercial and financial transactions …
Read More »Auditor-General uncovers Ghc15.1bn financial irregularities in public sector
According to the 2022 Auditor-General’s report, anomalies in the functioning of public boards, businesses, and other statutory institutions for the previous year totaled more than GH15.1 billion. In comparison to the 2021 figure of GH17.48 billion, the amount is down 13.86%, or GH2.4 billion. It is crucial to remember that …
Read More »Pan-African Parliament delegation briefs media on Second Ordinary Session
The Pan-African Parliament (PAP) delegation from Ghana has intimated that their work is being hampered in a number of ways by member nations’ failure to ratify the Protocol that attempts to transform the PAP into a full-fledged legislative body. The five-person delegation claims that because PAP is an advisory body …
Read More »Government will not require supplementary budget – Ken Ofori-Atta
According to Ken Ofori-Atta, minister of finance, the government has made some progress and won’t require a supplemental budget. On Monday, July 31, 2023, he announced this when giving the mid-year budget review to Parliament. The Minister claims that the Appropriation has been changed from GHS227.7 billion to GHS206.0 billion …
Read More »We have turned the economy around after experiencing severe economic hardship in 2022 – Ken Ofori-Atta
After facing great economic hardship in 2022, Ghana is now achieving small economic progress, according to Finance Minister Ken Ofori-Atta. On July 31, Mr. Ofori-Atta stated during the presentation of the 2023 Mid-Year Budget Review in Parliament that the government’s plans and programs are beginning to show progress. The Finance …
Read More »