Author: newsfilegh

Minority Leader Haruna Iddrisu has nicknamed the 2023 Budget Statement and Economic Policy of the Government as the “Eka Mpe Dede Budget,” to wit, “Debt Does Not Like Noise.” The Budget Statement, dubbed the “Unity Budget (Nkabom Budget)” was presented to Parliament on Thursday, by Mr Ken Ofori-Atta, the Finance Minister, on the authority of President Nana Addo Dankwa Akufo-Addo. “So, Mr Speaker, this budget is “Eka mpe dede budget” and therefore, he has put the country on the path to debt restructuring, which he has announced as debt exchange programme.” The Minority Leader said he was comparing the Budget…

Government is going to suspend interest payments for domestic bondholders and impose a 30 percent haircut on foreign bonds. Deputy Finance Minister John Kumah has told Joy News that under the debt restructuring arrangement domestic bondholders will receive zero interest for 2023. In the second year, they will receive only 5% interest and a further 10% interest in the third year. Domestic bondholders can only expect to start receiving their full interest in 2026. The arrangement will not affect the principal. For foreign bondholders, government is proposing a 30% haircut on both principal and interests. According to Joy News, Mr…

Agbozume Kpornor or “Ayigbe Biscuit” transcends borders and has become of the local favourite of, especially, travellers and their eager recipients back home. It takes a few hard bites and a grinding crunch to enjoy this flavourful pastry from the Volta Region. ‘Ayigbe biscuit’, so called by outsiders to the Volta Region due to it’s geographical origination from the Volta Region’s Agbozume in the Ketu South Municipality, is rather known locally as ‘Agbozume Kpornor’ which translates as ‘Agbozume Biscuit’ or cookie. The clay-baked nutty flavoured biscuit has two varieties differentiated by their textures. Preparation It is made indigenously from flour…

Play after play every quarter, popular playwright Ebo Whyte has led his Roverman Productions to fondly set the agenda for discussion on pertinent subjects in society. In the third quarter of this year, Uncle Ebo and his team marked 50th production with a He said, She Said in September. This was after they had thrilled theatre patrons with I Slept With Your Wife earlier in the year. The latest play from the Roverman’s camp is Husband Material 7 Yards and it tells the story of a couple, Joe and Charity, who start their day as any other day- with a bit of…

Popular Nigerian gospel singer, Sammie Okposo, is dead at 51 years old. Multiple media reports said the veteran singer was said to have slumped and died at his home on Friday morning. Okposo stirred public reactions in January when he apologise to his wife, Ozioma after cheating on her with another woman in the United States. Following the scandal, he took time off from ministration in order to retrace his step with God. His most recent album ‘The Statement’ was produced by a Grammy Award winner, Kevin Bond. The gospel musician told his fans that he would focus on restoration…

The two Canadian ladies who were kidnapped in Kumasi in 2019 will have the chance to participate in the proceedings via a virtual link when the High Court trying four persons accused of the crime delivers its judgment on December 20, 2022. The judgment was expected to be delivered by the presiding judge, Justice Lydia Osei Marfo, yesterday (Nov 24) but the court said it was not ready. The judge further informed the court that the Attorney-General had written to the court requesting that the victims and their families would want to be off of the delivery of the judgment.…

Andre Ayew, Captain of the senior national team, the Black Stars has admitted that they paid for their mistakes in their opening game against Portugal in the 2022 FIFA World Cup in Qatar on Thursday.  Ghana lost 3-2 to Portugal after conceding two quick goals in within two minutes in the last quarter of the game. In a post- match interview, Captain Ayew said, the penalty awarded against them affected the morale of the team and changed the course of the game, adding that they were also unable to recover from second goal from Portugal.  “In football you would always…

The President of the Vegetarian Association of Ghana, Mr Kolawole Braimah, says it is time for Ghanaians to cut down on meat and other dairy products, especially in these times when food prices keep increasing. According to Mr Braimah, by default, some people would eliminate meat or fish to save money but they should be intentional to add more fruits, vegetables and other sources of protein so they get a complete diet. He said cutting down on those food items (meat and fish) would not only reduce the amount of money spent but also contribute to the overall health of…

Below is the unedited statement of the 2023 budget statement and economic policy of government of Ghana to presented to Parliament by Finance Minister Ken Ofori-Atta on 24th November 2022. Right Honourable Speaker, Honourable Members of Parliament, on the authority of the President of the Republic of Ghana, and in accordance with the requirement under Article 179 of the 1992 Constitution of the Republic of Ghana, I present to you the 2023 Budget Statement and Economic Policy of His Excellency Nana Addo Dankwa Akufo- Addo. Mr Speaker, I beg to move that this House approves the Budget Statement and Economic…

Government has announced what it calls a “first step toward expenditure rationalisation” in the wake of the economic crisis raging in the country. Finance Minister, Ken Ofori-Atta on Thursday, November 24 told Parliament government has approved the directives which take effect from January 2023. Find the measures below as captured in the 2023 budget statement • All MDAs, MMDAs and SOEs are directed to reduce fuel allocations to Political Appointees and heads of MDAs, MMDAs and SOEs by 50%. This directive applies to all methods of fuel allocation including coupons, electronic cards, chit systems, and fuel depots. Accordingly, 50% of…