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Monthly Archives: November 2018

$50bn long-term bond a more prudent approach – Adu Boahene

A Deputy Minister for Finance, Charles Adu Boahene, has defended government’s decision to issue a $50 billion long-term bond, saying it is the best strategy government can adopt to meet the country’s infrastructural needs in the long-term. He argues that the bond will provide government a lot of fiscal space to meet the infrastructural plans outlined in the 2019 budget. …

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Debate about National Cathedral makes me ‘extremely nervous’ – Ofori-Atta

The Finance Minister says he has followed the debate about building the National Cathedral and the discourse makes him “extremely nervous.” Ken Ofori-Atta says he has witnessed how judges and civil servants’ residences in the country have been given to the private sector to make money in areas like Labone. He told Samsom Lardy Anyenini on Newfile Saturday that he …

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Historic: Rawlings delivers shortest message ever at NDC Congress

Former President Jerry John Rawlings has delivered what can be said to be his shortest message ever at any of his party’s gatherings. Known for his many antics during such gatherings, Rawlings was expected to deliver a very long, usually unscripted, message to party faithful who were equally expectant. But what the former president did was to deliver a message …

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BNI to ‘grab’ Menzgold boss – Finance Minister hints

Finance Minister, Ken Ofori-Atta has hinted that the Bureau of National Investigations (BNI) will soon apprehend the President of Menzgold, Nana Appiah Mensah over the Menzgold saga. Nana Appiah Mensah, popularly called NAM 1, who founded the gold firm to trade in gold collectibles by awarding 10 percent of interest to the company’s customers investing their golds in the firm. …

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Ghana Energy Awards 2018 nominees list released

The list of nominees targeting recognition in various categories of the second edition of the prestigious Ghana Energy Awards is out now. Featuring prominently are several individuals, companies and institutions in both public and private sectors across the power, petroleum and renewable sub sectors. Nominations cut across different categories of the awards including the Chief Executive, Energy Personality of the …

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MTN Ghana holds Customer Outreach Day

MTN Ghana has held a Customer Outreach Day to sensitise users on its products and services and solve problems they encounter in accessing the Network in their various homes, markets and offices. The Outreach provided a platform for staff of MTN Ghana to engage the customers and be abreast of the challenges they face in using the Network and introduce …

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Collapsed banks: Some BoG officials will soon be in hot waters – Finance minister

The minister of Finance, Ken Ofori-Atta, has hinted of prosecution of the directors of some collapsed banks in Ghana. According to a report by MyNewsGH.com, he added that some officials of the Bank of Ghana found culpable will also be dealt with according to the law. Presenting the 2019 budget statement in parliament on Thursday, November 15, 2018, he added …

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Deported Adoboli gets rousing feastful welcome back home

Deported former UBS rogue trader Kweku Adoboli got a rousing welcome from his family when he arrived home on Ghanaian soil after spending 26 of his 38-year life in the UK. He was showered with white powder all over and served an array of Ghanaian food by his family here in Ghana. Adoboli was deported on a flight from Heathrow …

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We won’t applaud ‘stubborn’ Ofori-Atta for his ‘stupidity’ – Fifi Kwetey

Finance Minister, Ken Ofori-Atta’s decision to take a u-turn on the personal income tax has rather earned him the fury of some Minority members in parliament. Mr. Ofori-Atta announced during the reading of the 2018 Mid-year Budget review, the introduction of an additional personal income tax where persons who earn GHC 10,000 and above will have to pay taxes of …

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92% DKM customers paid – Finance Minister reveals

92 percent of victims of DKM Microfinance Limited, the biggest microfinance scam in the Brong Ahafo region have been paid. Finance Minister, Ken Ofori Atta revealed that while delivering the 2019 budget statement in Parliament Thursday. He said the official liquidator received 99,858 claims and the validated claims amounted to GH¢502 million. “I would like to inform the country that …

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