Category: Economy
2024 Budget: Tax cuts outlined to spur growth
The government has announced a raft of tax measures, including reductions, to cushion citizens as the economy leaps gradually from recovery to stability. The measures include zero-rated Value Added Tax (VAT) on locally produced sanitary…
Financial stocks rebound with 12% gain
There appears to be a potential turnaround in listed financial stocks, as the GSE-FSI that tracks their performance has registered an 11.89 percent gain over the four weeks leading to close of last Friday’s –…
Gh¢21bn cut in 2023 budget commendable – Oppong Nkrumah
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…
2022 was my most difficult year as Finance Minister – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says 2022 was his worst year as the manager of Ghana’s public purse. Presenting the 2023 mid-year budget review in Parliament on Monday, July 31, Mr. Ofori-Atta indicated that…
Economy: Don’t derail progress made with false reportage – Ofori-Atta cautions media
Ghana’s Finance Minster, Ken Ofori-Atta has admonished the media to be circumspect in their reportage on the economy and other national issues in order not to derail the progress made so far. In his Sunday,…
IMF Deal: Kudos to Ken but never again
When Ghana’s economy took a downward spiral through no fault of of the Finance Minister, he was hanged, drawn and quartered by a section of the Ghanaian populace. These critics ignored the obvious factors accounting…
Cedi to record gains against dollar as expected IMF deal impacts market
The Ghana cedi is expected to record gains against the dollar and other major foreign currencies this week, as the progress of the International Monetary Fund (IMF) deal favorably impacts the market. According to many…
Let’s support Ken Ofori-Atta to return the economy back to health
The Finance Minister is working like a Trojan to restore confidence in the economy and must be supported. Indeed, these economic recovery efforts come with some difficulties or hardships, but they are necessary for the…
Ghana’s bilateral creditors set to clear way for $3bn IMF bailout
Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting on Tuesday to discuss whether to provide enough relief to unlock a $3bn IMF bailout.…