After publishing his most recent exposé, “Galamsey economy,” Ghanaian investigative journalist Anas Aremeyaw Anas has denied accusations that he was the victim of extortion and blackmail. Following the release of the undercover documentary that resulted in the dismissal of a Minister of State at the Finance Ministry named Charles Adu …
Read More »Large-scale mining companies are required to sell BoG 20% of their refined gold
All major mining firms are required by law to provide the Bank of Ghana a 20% share of all refined gold. Additionally, the government is required to purchase the gold produced by all community mining schemes. Small-scale gold miners are also required by law to sell their gold to the …
Read More »2023 Budget: Ato Forson advises Ghanaians to prepare for additional hardship
Mr. Ken Ofori-Atta, the finance minister, did not submit a Budget Statement and Economic Policy that included the appendices to help in critical examination, according to Cassiel Ato Forson, the ranking member of the Parliament’s Finance Committee. “What he gave to us today is nothing but grammar,” He has informed …
Read More »Ghana Cedi has lost 53.8% of its value in 2022-Finance Minister
According to Finance Minister Ken Ofori-Atta, the Cedi’s value versus international currencies has decreased by around 58% since the start of 2022. The 2023 Budget was presented to the parliament on Thursday by Mr. Ofori-Atta “the demand for foreign exchange to support our unbridled demand for imports undermines and weakens …
Read More »Protest against new KATH CEO needless – Former KATH worker
Awuni Akyireba, a former accounts officer at the Komfo Anokye Teaching Hospital’s (KATH) Biostatistical Unit, claims that requests from KATH workers for the appointment of a CEO with inside expertise are needless. He claims that their request is ineligible since the hospital employs multiple directors and department heads who have …
Read More »Cedi depreciation has increased Ghana’s debt stock by Ghc93 billion – Ken Ofori-Atta discloses
According to the Finance Minister’s statement before parliament on Thursday, the devaluation of the cedi since the start of 2022 has raised Ghana’s debt stock by GHc93 billion this year alone. He claims that although individuals and households are affected, the Ministry is also faced with difficulties in managing Ghana’s …
Read More »Political appointees’ fuel budgets would be cut by 50% in the 2023 budget, according to Ofori-Atta
State-owned businesses (SOEs) and all metropolitan, municipal, and district assemblies (MMDAs) have been ordered by the government to reduce the amount of fuel provided to political appointees by 50%. The directive will go into force in January 2023, according to Mr. Ofori-Atta, who on Thursday, November 24, presented the 2023 …
Read More »2023 Budget: Gov’t orders MMDAs, SOEs not to gift hampers this year
This year, Municipal Metropolitan and District Assemblies (MMDAs) and State Owned Enterprises (SOEs) would not be able to provide hampers to people or organizations. This is due to the government’s restriction on such expenses. During the introduction of the 2023 budget to Parliament, known as the “Nkabom budget,” on Thursday, …
Read More »2023 Budget: Gov’t outlines measures to reduce expenditure
There are 13 steps to reduce public spending that have been outlined by the government through the Finance Minister, Ken Ofori-Atta. He claims that these measures are orders from the Cabinet that would start to take effect in January 2023. This follows several requests from various segments of the public …
Read More »2023 Budget: Government increases VAT rate from 12.5% to 15%
The decision to raise the Value Added Tax (VAT) by 2.5 percent has been announced by the government. This will raise the tax rate from its existing level of 12.5% to 15.0%. The Finance Minister stated that the review will directly help the digitalization agenda and road development projects when …
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