The government is hoping to spend a total of ¢226.7 billion in 2024. This will represent 21.6 percent of Ghana’s Gross Domestic Product (GDP). Speaking in parliament during the 2024 Budget presentation, Finance Minister, Ken Ofori-Atta explained that the projection reflects a reduction of 6.1 percentage points of GDP in …
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Finance Minister, Ken Ofori-Atta, has announced that the Youth Employment Agency YEA is concluding negotiations with CCI, the business process outsourcing (BPO) operator in sub-Saharan Africa for the establishment of a call centre. This, he says will see the direct creation of 20,000 local jobs for young graduates. Announcing this at the …
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The government, as part of its fiscal measures, has decided to waive import duties on Electric Vehicles (EVs) designated for public transportation for 8 years, according to Finance Minister Ken Ofori-Atta during the presentation of the 2024 Budget and Economic Statement to Parliament. In addition to this, Ofori-Atta disclosed that import duties would also …
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Former Minority Leader, Haruna Iddrisu, says the 2024 fiscal year will be characterized by extreme economic hardship. According to him, whispers of increased revenue mobilisation and the introduction of new taxes will further cripple an already ailing private sector in the next fiscal year. The Tamale South MP explained that what the …
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Godwin Edudzi Tameklo, the Head of Legal Affairs of the National Democratic Congress (NDC), has hinted that the government will be introducing a new tax in the upcoming 2024 budget reading. According to him, this new tax, to be called the Emission Tax, is to replace the scrapped Luxury Vehicle Tax. …
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Two influential figures in the New Patriotic Party (NPP) have openly declared their lack of interest in becoming the running mate of Dr. Mahamudu Bawumia in the 2024 general elections. These individuals are the Minister of Education, Dr Yaw Osei Adutwum, and the First Deputy Speaker of Parliament, Joseph Osei-Owusu, popularly known …
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Kojo Oppong Nkrumah, the Minister of Information, has explained why Ghana’s financial problems go far beyond the current bailout the government is seeking from the International Monetary Fund (IMF). He stressed that Ghana was a victim of global economic challenges but also that the current bailout support of US$3 billion was hinged …
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The Minister of Finance, Ken Ofori-Atta, is scheduled to present the government’s 2024 Annual Budget Statement and Economic Policy to Parliament on Wednesday, November 15, 2023. Ahead of the presentation, there have been calls for the government to significantly reduce its expenditure to rescue the ailing economy. The Chief Executive Officer …
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At least 300 buildings within the Ayawaso West Wuogon constituency of the Greater Accra Region, including the popular Asuma Banda Mosque, are expected to be demolished. A report by the Insight newspaper says the demolition follows a notice issued by the Ghana Railway Development Authority (GRDA) ordering all occupants to leave the …
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The 2024 flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has declared his intention to conduct a comprehensive review of the Free Senior High School Policy (Free SHS) during the first 100 days of his potential term following the 2024 general elections. Mr. Mahama emphasized the critical role of …
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