Ghana’s Domestic Debt Exchange Program was launched by Finance Minister Ken Ofori-Atta in an effort to improve the country’s ability to pay down its debt. The Finance Minister stated that the goal of the program was to “invite holders of domestic debt to voluntarily exchange approximately GH137 billion of the …
Read More »Ghana’s debt servicing consumes more than 70% of tax revenues – Ken Ofori-Atta
More than half of Ghana’s overall earnings and more than 70% of the country’s tax receipts, according to Finance Minister Ken Ofori-Atta, are used to pay off the State’s debts. On Monday, December 5, 2022, the Finance Minister stated that Ghana’s debt sustainability research showed that the country’s debt is …
Read More »Non-performing appointees should be fired or reshuffled – J A Kufuor
Former President John Agyekum Kufour advises leaders of state to dismiss their appointments if they are not functioning as expected. He asserts that it is their duty to make such risky choices in order to keep their country on course. Calls have already been made for the Akufo-Addo government to …
Read More »Health Service Workers Union fights government over a pension “haircut”
The Health Services Workers’ Union (HSWU) has promised to oppose any effort by the government to interfere with its members’ pensions. At a press conference on Sunday, HSWU General Secretary Franklin Owusu Ansah stated, “If the government feels it so vital to execute the debt restructuring, we will encourage them …
Read More »No haircut on Treasury bills and individual bonds-Ken Ofori-Atta assures
Following the conclusion of the Debt Sustainability Analysis as part of discussions with the International Monetary Fund (IMF)., the government has disclosed the specifics of a local debt swap. Domestic bondholders are expected to exchange their current instruments for new ones in accordance with the scheme, Finance Minister Ken Ofori-Atta …
Read More »We won’t consent to Ofori-Atta’s debt restructuring – Minority
The planned debt restructuring scheme as outlined by the government will not be accepted, according to the minority in parliament. The policy, in the opinion of the Caucus, is unacceptable and cannot be allowed to continue. This was said by the Minority Leader, Haruna Iddrisu, on Monday, December 5. He …
Read More »National Best Farmer for 2022 is Nana Serebour
At the 38th National Farmers’ Day ceremony, Nana Yaw Sarpong Serebour was named best farmer. The mixed-crop and livestock farmer wins GH $1,000,000 in addition to a two-night, fully-paid stay at the Peduase Valley Resort. In addition to owning 900 acres of oil palm plantations, 65 acres of cocoa plantations, …
Read More »Germany pledges EUR 82 million to support key areas of the Ghanaian economy
On November 28 and 29, 2022, in Berlin, the governments of Ghana and Germany concluded bilateral talks on development cooperation. Ken Ofori-Atta, the minister of finance of Ghana, served as the mission’s leader. Other members of the trip included the ambassador of Ghana to Germany, Mrs. Gina Ama Blay, as …
Read More »‘It all started with You’ – Sompahene acknowledges Suame at grand durbar
With a Grand Durbar, the Majority Leader and Member of Parliament for Suame, Hon. Osei Kyei-Mensah-Bonsu, and his wife, Mrs. Irene Kyei-Mensah-Bonsu, brought to a close a month of celebrations for the Suame Municipal Area’s residents honoring the fifth anniversary of their installation as Sompahene and Sompahemaa, respectively. The vibrant …
Read More »We are resolving issues with Free SHS – President Akufo Addo
President Nana Akufo-Addo has acknowledged that there have been difficulties with the Free SHS Policy’s implementation. Despite the difficulties, the president gave the assurance that the administration is working to resolve many of them and would do so in the future. On Saturday, December 3, 2022, President Nana Akuffo Addo …
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