POLITICS

The Finance Minister, Ken Ofori-Atta, has been instructed by the Speaker of the House of Representatives not to touch pensioner funds. According to Alban Bagbin, the current financial problem may be resolved without using pensioner monies. The former Nadowli Kaleo MP concluded the House’s session on Thursday, February 16, by …

On Thursday, February 16, 2023, Alban Bagbin, Speaker of the House, warned Members of Parliament against using unparliamentary language. When Finance Minister Ken Ofori-Atta appeared in Parliament to inform the chamber on the government’s Domestic Debt Exchange Program, the Speaker made this statement (DDEP). Mr. Bagbin pleaded with the house …

According to confirmation from Finance Minister Ken Ofori-Atta, all pensioners who chose not to exchange their old bonds for new ones under the Domestic Debt Exchange Programme (DDEP) have been spared from the program. On February 16, 2023, Ofori-Atta spoke to Parliament about the status of the Domestic Debt Exchange …

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has reconstituted the Hajj Board. The new composition is as follows: HAJJ BOARD 1.Alhaji Ben Abdallah Banda-           Chairman 2.Habib Iddrisu                       –           Member 3.Hajia Safia Mohammed      –           Member 4.Chief Saddique …

The three victims of the notorious shooting incident at Ejura in the Ashanti Region received a total of Gh1,218,897 from the Ghanaian government. Awal Mesbawu, 17, received Gh 678 519, Louis Ayikpa, 22, received Gh 347 953 and Nazif Nuhu, 31, received Gh 192 425 for each of the three …

Former Chief Justice Sophia Akuffo has advised that some ministries ought to be combined and underperforming ministers replaced. Ms. Akuffo, who has recently spoken out against the government’s decision to include pension funds in the ongoing domestic debt exchange program, said having too many ministries is proving to be counterproductive …

According to former president John Mahama, Attorney General Godfred Dame’s recent request in a letter to the Auditor-General to remove the Covid-19 audit report off the Audit Service website “is plainly aimed to quiet him and create a favorable environment for corruption to thrive.” Tweeted by Mr. Mahama: “President Nana …

International rating agency Fitch has further lowered Ghana’s long-term creditworthiness from “C” to “Restricted Default” (RD). Local-currency domestic bond issuance ratings have likewise been lowered to Default (D) from “C.” Fitch also confirmed Ghana’s Long-Term Foreign Currency (FC) IDR at “C” in a statement. Fitch normally does not provide sovereigns …

The inflation rate in Ghana has decreased from 54.1% to 53.6%. This little decline occurs after a 19-month increasing trend. The month of January 2023 is the fall. The Ghana Statistical Service reports that between December 2022 and January 2023, monthly inflation was 1.7%. Moreover, January’s food inflation rate was …

It should be noted that the functional independence of the Auditor-General under Article 187(7)(a) of the Constitution does not grant immunity from legal advice, according to Attorney General Godfred Yeboah Dame. In a statement, Mr. Dame defended his recent request in a letter to the A-G that the Audit Service …