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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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¢135m invested in National ID programme since January – Finance Minister

Finance Minister, Dr. Mohammed Amin Adam has announced that the government has undertaken significant efforts to digitalise the economy.  According to the Minister, this initiative aims to involve every citizen in the revival of the local economy. Dr. Amin Adam, who also serves as the Member of Parliament for Karaga, revealed that approximately GH₵135 million has been invested in the national identification …

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Mid-year budget: International reserves increase to 3.1 months of import cover

The Minister for Finance, Dr. Mohammed Amin Adam says Ghana’s economy is showing promising signs of recovery and growth. The Minister addressed Parliament on Tuesday, July 23, 2024 emphasizing key achievements and outlining government’s plans for the remainder of the year. Dr. Adam began his address by acknowledging the global economic challenges but expressed confidence in Ghana’s economic trajectory. One of the …

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Mid-Year Budget: We’ve reversed negative trends, all indicators better – Amin Adam

Dr. Mohammed Amin Adam, the Finance Minister, has remarked that the economy is rebounding stronger than anticipated. He attributed the economic growth to the stabilisation of the exchange rate, decline in inflation, and boost in gross international reserves. According to him, the policies and choices being implemented by the government are yielding results. During his presentation of the Mid-Year Budget …

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Ghana is living within her means – Finance Minister

Finance Minister, Dr Mohammed Amin Adam, has indicated that the measures being put in place by the country are yielding the needed results. According to him, Ghana is currently living within its means and that’s helping to save the country’s economy and helping in the rebound process. He made this known while presenting the Mid-year fiscal policy review to Parliament on …

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Akufo-Addo breaks silence on the appointment of COP Yohuno as Deputy IGP

President Nana Addo Dankwa Akufo-Addo has finally commented on his appointment of Commissioner of Police (COP) Christian Tetteh Yohuno as the new Deputy Inspector-General of Police (IGP) in charge of Operations. The president’s decision to appoint COP Yohuno as the IGP in charge of Operations sparked controversy in the country, with some suggesting that his action was intended to diminish the authority …

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How did an unqualified company secure this contract? Ablakwa on ambulance servicing scandal 

Service Ghana Auto Group Limited, a company embroiled in controversy, is under intense scrutiny for its involvement in a dubious $34.9 million (GH₵538 million) ambulance spare parts procurement deal. The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has raised serious concerns about the company’s practices and the legitimacy of the contracts it received. Ablakwa pointed out significant discrepancies …

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Greed will be your downfall – PPP Chairman fires Ken Ofori-Atta 

National Chairman of the Progressive People’s Party (PPP), Nana Ofori Owusu has fired a salvo at former Finance Minister, Ken Ofori-Atta for his role in an alleged $34.9 million (GH₵538 million) procurement deal for ambulance spare parts. He stated unequivocally that, this exposé is a serious indictment on the former Finance Minister. Mr. Okudzeto Ablakwa has accused Mr. Ken Ofori-Atta …

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