Author: newsfilegh

Finance Minister Ken Ofori-Atta is to appear before parliament today, November 13 to present the 2020 budget statement and financial policy. Expectations are high ahead of the presentation as many are looking forward to government expenditure as Ghana heads to the polls in December. Election years are often characterized by excessive expenditure from government, but many are hopeful the Akufo-Addo-led government will be circumspect in using public funds as the nation goes to the polls in 2020. This is because the president in his inaugural speech promised to protect the public purse and has in recent times said his government…

Finance Minister Ken Ofori-Atta is to appear before parliament today, November 13 to present the 2020 budget statement and financial policy. Expectations are high ahead of the presentation as many are looking forward to government expenditure as Ghana heads to the polls in December. Election years are often characterized by excessive expenditure from government, but many are hopeful the Akufo-Addo-led government will be circumspect in using public funds as the nation goes to the polls in 2020. This is because the president in his inaugural speech promised to protect the public purse and has in recent times said his government…

A river near the inter-Korean border has turned red after being polluted with blood from pig carcasses. South Korean authorities had culled 47,000 pigs in an attempt to halt the spread of African swine fever (ASF). Heavy rains caused blood to flow from a border burial site into a tributary of the Imjin River. African swine fever is highly contagious and incurable, with a near zero survival rate for infected pigs, but it is not dangerous to humans. Local authorities dismissed concerns that the blood could cause the spread of African swine fever to other at-risk animals, saying the pigs…

Authorities at St Charles Minor Seminary Senior High School in Tamale have appealed to government and other organizations to support the school in renovating two of its dormitory blocks which were burnt to ashes in 2017. Two dormitories accommodating over 700 students were burnt in 2017 and has since not been renovated. Headmaster of the school, Polycarp Kuusokub Beyelle, said the situation has affected enrollment and other academic activities. He said the two dormitories are yet to get any attention though the government has been notified about the situation at the school. “The situation is affecting us a lot. We…

Finance Minister Ken Ofori-Atta is to appear before parliament today, November 13 to present the 2020 budget statement and financial policy. Expectations are high ahead of the presentation as many are looking forward to government expenditure as Ghana heads to the polls in December. Election years are often characterized by excessive expenditure from government, but many are hopeful the Akufo-Addo-led government will be circumspect in using public funds as the nation goes to the polls in 2020. This is because the president in his inaugural speech promised to protect the public purse and has in recent times said his government…

Ghana’s economy has grown by the double since 2017 when Nana Addo Dankwa Akufo-Addo became president, the Minister of Finance has said. He said economic growth rebounded strongly from 3.4% in 2016 to an average of 7% under the Akufo-Addo-led government while year-on-year inflation has fallen from 15.4% in December, 2016 to 7.6%. This inflation rate, according to Mr Ofori-Atta, is the lowest in 27 years. He made this known on Wednesday while delivering the 2020 budget statement and economic policy of government in Parliament. It is in fulfilment of Article 179 of the constitution and Section 21(3) of the…

Finance Minister, Ken Ofori-Atta has touted the achievements of the Akufo-Addo-led government barely three years in office, asserting that it has been able to deliver on its flagship programmes. Assessing the 2019 for instance, the minister described the year as a “very good year” for Ghana, this he emphasized is “in substance”. Ken Ofori-Atta was delivering the government’s budget and financial statement for the year 2020 in Parliament on Wednesday, November 13, 2019. He attributed the achievements by the government for 2019 to hard work. “A year one can confidently say God’s blessing of hard work is beginning to manifest,”…

The Minister of Finance, Ken Ofori-Atta, has disclosed that the Electricity Company of Ghana (ECG) will still have a private firm to partner it despite the cancellation of the deal with the Power Distribution Services Ghana Limited (PDS). Addressing Parliament on Wednesday, Mr Ofori-Atta said the government cannot overstate the importance of learning from past mistakes. He said the nation’s major power-distribution company still needs a private partner in order to make it more viable. “Mr. Speaker, considering ECG’s current distribution systems losses of 24 per cent, comprising 13 per cent commercial and 11 per cent technical losses, government is…

Next year will see the coming into existence of a new bank, National Development Bank (NDB), the Minister of Finance has revealed. Ken Ofori-Atta says already feasibility study for the establishment of the bank, specifying its rationale, mandate, business model, legal and regulatory framework, ownership, governance and sustainability has been been completed. He made this known in Parliament on Wednesday, November 13 when he delivered the 2020 economic statement and financial policy of government. He said $250 million has been secured from the World Bank for the start of operations of NDB in 2020. “The National Development Bank as envisioned…

Next year will see the coming into existence of a new bank, National Development Bank (NDB), the Minister of Finance has revealed. Ken Ofori-Atta says already feasibility study for the establishment of the bank, specifying its rationale, mandate, business model, legal and regulatory framework, ownership, governance and sustainability has been been completed. He made this known in Parliament on Wednesday, November 13 when he delivered the 2020 economic statement and financial policy of government. He said $250 million has been secured from the World Bank for the start of operations of NDB in 2020. “The National Development Bank as envisioned…