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 …
Read More »Government’s YouStart program to begin next year – Finance Minister
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 …
Read More »Government scraps taxes on locally-produced sanitary pads, African prints
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 …
Read More »Government allocates Gh¢220m to resettle Akosombo dam spillage victims
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 …
Read More »Ghana’s economy under Akufo-Addo to hit Gh¢1 trillion in 2024
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 …
Read More »Government projects Ghc176.4bn revenue in 2024
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 …
Read More »Bawumia running mate will come from Ashanti Region- Joe Wise discloses
Joseph Osei-Owusu, the First Deputy Speaker, has joined the chorus of people urging the selection of an Ashanti-born candidate as Vice President Dr. Mahamudu Bawumia’s running mate. This comes after a fierce rivalry among certain MPs from the New Patriotic Party over who will partner with Dr. Mahamudu Bawumia, the …
Read More »Any member who declares support for another political party or Alan automatically forfeits membership – NPP
The New Patriotic Party (NPP) has said that it would no longer allow anyone to undertake any kind of campaign for Mr. Alan Kwadwo Kyeremanten and his movement, nor will it “accept as a member.” On Ghana Montie’s morning show on NEAT FM, the party’s general secretary made it clear …
Read More »“Both governments keep borrowing, and we are now in a deep financial crisis” – Catholic Bishops President
“Both governments keep borrowing, and we are now in a deep financial crisis. Why are we in this economic and financial quagmire? The massive uncontrolled corruption is suffocating the nation. It appears corruption is legalized. What should Ghanaians do since the existing form of democracy help only a few and …
Read More »Speaker orders that a workshop on the 2024 budget be held in Parliament
Alban Bagbin, the Speaker of Parliament, has ordered that the Post-2024 Budget Workshop take place in the parliament. After deliberating over whether to hold the session at the Volta Serene Hotel or the Rock City Hotel, members of parliament came to this conclusion. This comes after Buem MP Kofi Adams …
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