POLITICS

Haruna Iddrisu wants unexplained wealth criminalized

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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¢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 ...

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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 ...

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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 ...

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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. ...

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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 ...

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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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