The Minister for Information, Kojo Oppong Nkrumah, says the GHS 21bn reduction in the government’s appropriation for the 2023 fiscal year is commendable. Contributing to the statement on the mid-year budget presented by Finance Minister Ken Ofori-Atta on Monday, July 31, 2023, Mr. Nkrumah said though calls remain for further budget cuts, the mid-year 21bn cut is commendable. “I think …

GH¢60bn loss: We’ve not been reckless – BoG fights back

During the 2023 Mid-Year Budget Review in Parliament on July 31, Finance Minister Ken Ofori-Atta emphasized the significance of the controversial Domestic Debt Restructuring Programme (DDEP). He highlighted that the program has granted the government greater fiscal flexibility and aided in addressing cash and liquidity constraints. The Minister expressed gratitude to all bondholders who participated in the program, which involved three months of negotiations …