Tamale South Member of Parliament Haruna Iddirsu is calling for the criminalization of unexplained wealth in the country. Contributing to a discussion on the floor of Parliament Tuesday, August 1, he indicated that it has become necessary to do that as part of the fight against corruption. The former Minority Leader said “Declaration of assets is an important ingredient to ...
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If an individual could be hauled for contempt, a judge must be hauled faster – CJ
The Chief Justice has insisted that it is part of the code of conduct of judges not to comment on cases pending in any court of the land. Her Ladyship Justice Gertrude Esaaba Torkornoo maintained that just like individuals are hauled to court for contempt, judges are even hauled faster if they pass comments that could impair the fairness of ...
Read More »¢60bn loss: BoG toothless without printing money – Adongo says Prudential Reserve, borrowed FX ‘wasted, depleted’
The Bank of Ghana lack funds and, thus, cannot perfrom its monetary policy role without printing more money, Mr Isaac Adongo, the Ranking Member of Parliament’s Finance Committee has said. Reacting to an audit report that revealed that the central bank lost GH¢60 billion through the debt restructuring exercise, Mr Adongo told journalists after Finance Minister Ken Ofori-Atta delivered his ...
Read More »Budget review: ‘GH¢20bn cut in expenditure way more than enough’ – Abena Osei-Asare
A Deputy Finance Minister, Abena Osei-Asare has justified the GH¢20 billion cut in expenditure saying it is enough for the country in its current state. The Finance Minister, Ken Ofori-Atta presenting the mid-year budget review in Parliament on Monday said the government was proposing a downward revision of the Appropriation from GH¢227.7 billion as presented and approved in November 2022 ...
Read More »Adongo describes Ofori-Atta’s mid-year budget review as ‘funeral dirge’
Member of Parliament for Bolgatanga Central Constituency Isaac Adongo says he had to wake up to wake his colleagues up while Finance Minister Ken Ofori-Atta was reading the mid-year budget review in Parliament on Monday, July 31. He said all those who were shouting ‘Yeah yeah’ were actually sleeping during the presentation. The National Democratic Congress (NDC) made this known ...
Read More »NDC calls on gov’t to fix Jomoro roads
The National Democratic Congress (NDC) in the Jomoro Constituency of the Western Region has called on the government to listen to the plight of the residents in the constituency and construct their deplorable roads. The NDC says “to avoid other actions supported by law from indigenes of Jomoro”, the government must do them the honours and come to their aid. ...
Read More »Mid-year budget: Proposed change in fiscal accounting is a retrogressive & fiscally imprudent step – Terkper
Former Finance Minister Seth Terkper has said that the proposed changes in Ghana’s fiscal accounting from cash to commitment basis as announced in the mid-year budget review presented by Finance Minister Ken Ofori-Atta, is retrogressive. Presenting the mid-year budget, Mr Ofori-Atta told Parliament that Ghana’s economy is showing signs of stabilization. He said the implementation of on-going fiscal adjustments and ...
Read More »Mid-year budget: We will not be seeking a supplementary budget – Finance Minister
Finance Minister Ken Ofori-Atta has told Parliament that the government will not be requiring a supplementary budget in the mid-year budget. He said this while presenting the kid year budget review in parliament on Monday, July 31. “We will not require a supplementary budget,” he said. In the area of stemming inflation, he told Parliament that to be able to ...
Read More »Economic challenges: We have ‘turned the corner’ – Finance Minister
The Finance Minister Ken Ofori-Atta has said that the government has avoided the unimaginable. He told Parliament during the presentation of the 2023 mid-year budget review on Monday, July 31 that with a lot of effort, the government managed to avoid empty shop shelves for medicines and other essentials; we have seen no shortages of food; “we have been spared ...
Read More »Despite effects of DDEP, Banks reported increased deposits, investment – Ofori-Atta
Despite the lingering effects of the government’s Domestic Debt Exchange Programme (DDEP), the country’s banking sector has demonstrated a relatively strong performance in the first half of the year 2023. This development was disclosed by Finance Minister Ken Ofori-Atta during his presentation of the 2023 mid-year budget review in Parliament on Monday, July 31, 2023. Touching on the developments in ...
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