Finance Minister Ken Ofori-Atta Finance Minister Ken Ofori-Atta has explained that the government decided to set up the Development Bank Ghana (DBG) from the scratch rather than converting one of the state-owned commercials banks such as National Investment Bank (NIB) and the Agricultural Development Bank (adb) for that purpose because …
Read More »Ghana moves to ‘fix the country’
Ken Ofori-Atta, Finance Minister Last week, President Nana Addo Dankwa Akufo-Addo administration formally responded to widespread agitations within the country as to the current socio-economic circumstances by announcing that it was preparing to implement several interventions to ameliorate the plight of the general populace. The response came in the form of a …
Read More »We have saved Ghana $2.761bn in Energy Sector since 2019 – Energy minister
Energy Minister, Dr. Matthew Opoku Prempeh Energy Minister, Dr. Matthew Opoku Prempeh says his Ministry is committed to ensuring long-term financial sustainability in Ghana’s power sector. He disclosed this when he took his turn to address a press briefing on the energy sector under the topic; ‘Delivery Reliable and Affordable Power’, as …
Read More »Fuel prices to shoot up again from May 17
The new price could be pegged at Ghc 8.00 Fuel prices are likely to be increased again from Monday, May 17, 2021. The increment is due to some new price changes made on the international market for the commodity, which was $520 per metric tonne but now pegged at about …
Read More »Ghana’s debt-to-GDP for 2020 was 78% not 76.1% – IMF reveals
The International Monetary Fund The International Monetary Fund (IMF) has revealed Ghana’s public debt as a percentage of Gross Domestic Product (GDP) for 2020 was 78 percent. According to the IMF, the rise in the debt stock can be attributed to the inclusion of some GH¢7.63 billion costs incurred in …
Read More »Government working on Amazon operating in Ghana – Finance Minister
Finance Minister, Ken Ofori-Atta The Ghana Investment Promotion Centre (GIPC) is working assiduously to attract Amazon to Ghana, Finance Minister, Ken Ofori-Atta, has said. According to the Finance Minister, the move was to deepen the technological entrepreneurial ecosystem for Ghanaian entrepreneurs. Addressing the country on the measures being introduced by the …
Read More »GRIDCo, ECG assures of early completion of projects
Ghana Grid Company has assured Ghanaians of their commitment to complete ongoing projects on time The Ghana Grid Company (GRIDCo) and Electricity Company of Ghana (ECG) has assured Ghanaians of their commitment to quickly complete all ongoing projects on time, to bring relief to its electricity distribution system and customers. …
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