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 …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »My elevation as Finance Minister proof that opportunities abound for all Ghanaians – Amin Adam
Finance Minister, Dr. Mohammed Amin Adam has given hope to young Ghanaians who are striving to make their lives better an indication that they can achieve greatness. While delivering the Mid-year budget review in Parliament on Tuesday, July 23, 2024, he indicated that he never dreamt of being elevated to the position …
Read More »DDEP: Investors to receive 3rd coupon in August 2024 – Finance Minister
The Finance Minister, Dr. Mohammed Amin Adam, has reported some progress in paying investors following the completion of the Domestic Debt Exchange Programme (DDEP) in September 2023. According to the Minister, the third payment of the coupon will be in August 2024. An occurrence he noted proves government commitment to honor its financial …
Read More »We invested GHC10bn on road construction – Finance Minister
Finance Minister Dr. Mohammed Amin Adam, has revealed that the government has invested almost GHC10 billion in the road sector since January, 2024 to enhance transportation and spur growth He made this information known to the entire country when he delivered the 2024 Mid-Year Budget Review on the floor of Parliament on …
Read More »