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Ambulance spare parts scandal: Ablakwa drops bombshell on Service Ghana Auto Group Limited & Ken Ofori-Atta

According to a disclosed report, Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, claims that the daughters of President Nana Addo Dankwa Akufo-Addo are associated with Service Ghana Auto Group Limited, the company involved in the $34.9 million ambulance spare parts deal scandal. He alleged that, Finance Minister, Ken Ofori-Atta who is related to the President hurriedly signed it …

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Asantehene’s first visit to King Charles III after his coronation 

King Charles III welcomed the Asantehene, Otumfuo Osei Tutu III to the Sandringham House in the United Kingdom on Tuesday. Otumfuo Osei Tutu II is currently in the UK as part of his Silver Jubilee celebrations. This is the first visit of the Asantehene Otumfuo Osei Tutu II to the King of England since King Charles III’s coronation in March …

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Ghana’s economy is on autopilot – Ato Forson

Minority Leader, Dr. Cassiel Ato Forson has criticised the 2024 mid-year budget, describing it as uninspiring and hopeless. The Ajumako-Enyan-Essiam Member of Parliament attributed this sentiment to what he sees as a consistent pattern of the Akufo-Addo administration. On Tuesday, July 23, Finance Minister Mohammed Amin Adam presented the 2024 mid-year budget review to Parliament. During his address, Dr. Amin …

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We will revive Tema Oil Refinery — Herbert Krapa assures

Plans are far afoot for the Tema Oil Refinery (TOR) to secure a strategic partner within the next 90 days to commence full operations. To ensure that the process is successful and in the best interest of the country, the Minister of State for the Ministry of Energy, Herbert Krapa, has indicated that government through the Ministry and all its …

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RTU sanctioned for fielding unregistered players

The Disciplinary Committee of the Ghana Football Association (GFA) has imposed a fine of GHc100,000 on Real Tamale United FC (RTU FC) for behaving in a way that brings the game into disrepute contrary to Section 34(6)(d) of the GFA Premier League Regulations. The Disciplinary Committee found that during the Matchday 28 game against Dreams FC at the Theatre of …

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FULL TEXT: Finance Minister’s 2024 Mid-Year Budget Review

The Minister of Finance, Dr. Mohammed Amin Adam, presented the 2024 Mid-Year Budget Review to Parliament on Tuesday, July 23, 2024. This is by Section 28 of the Public Financial Management Act, 2016 (Act 921) which requires the minister to provide the mid-year fiscal policy review of the Budget Statement and Economic Policy of the government. The minister touched on several …

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Mid-Year budget review: Govt pays GH₵12bn to bondholders – Amin Adam

The government has paid GHS12 billion to bondholders under the Domestic Debt Exchange Programme in a move to stabilise Ghana’s economy and restore investor confidence. Presenting the mid-year budget review to Parliament on Tuesday, July 23, Finance Minister, Dr Mohammed Amin Adam emphasised the government’s commitment to fulfilling its financial obligations and ensuring economic stability. “The payment of GHS12 billion to bondholders …

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Govt to reintroduce road tolls in 2025 – Amin Adam

Finance Minister Dr Mohammed Amin Adam has announced that the government has approved an additional GH¢1.5 billion for settling unresolved claims associated with financial management companies. Furthermore, he revealed that the government has given the green light for the development of a structure for the reimplementation of road and bridge tolls in 2025. These announcements were made by Dr Adam in Parliament …

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Ghana’s public debt hits GH¢742bn from GH₵658.6bn – Amin Adam

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering the 2024 mid-year budget review in parliament in Accra on Tuesday, Dr Adam stated, “This indicates an increase of …

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