In recent times we have been grappling with erratic power outages. These unpredictable and frustrating disruptions of electricity supply has been attributed to various factors including aging infrastructure, maintenance issues, transmission challenges, illegal connections to name a few. This unwelcome guest has left Ghanaians and businesses in the dark and seeking answers. However, amidst this […] The post Power
Security analyst, Dr. Adam Bonaa says the fight between military peacekeeping troops and officers of the Ghana Prison Service at Bawku in the Upper East Region could be occasioned by the lack of trust among the security agencies in the region. This comes on the back of fighting between military peacekeeping troops and personnel of […] The post Brawl between military,
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
The Minister of Finance, Dr Mohammed Amin Adam, has reaffirmed that Ghana’s medium-term macroeconomic outlook and prospects remain positive and promising. He also highlighted the government’s dedication to implementing comprehensive structural reforms to bolster growth and enhance revenue mobilisation. Speaking during a joint press conference by the government of Ghana and the International Monetary Fund […] The post Ghana’s
The government is determined not to overburden Ghanaians with the payment of more taxes, Dr Mohammed Amin Adam, the Finance Minister, has assured. Rather, the government would ‘use the hard way’ to collect revenue from those who have not been paying the appropriate taxes, as well as those who have been evading taxes in the […] The post We won’t overburden Ghanaians
The Minister for Finance, Dr Mohammed Amin Adam has stated that the effective implementation of the programme with the International Monetary Fund (IMF) is yielding some good results. He says the country is now witnessing relative macroeconomic stability and seeing signs of economic recovery. Speaking at a joint IMF, Ministry of Finance, Bank of Ghana, […] The post Govt
The International Monetary Fund (IMF) has expressed satisfaction with Ghana’s Economic performance under the IMF-supported program, as it reaches staff-level agreement on the second review of Ghana’s economic program under the Extended Credit Facility (ECF) arrangement. Addressing the media at a joint news conference with the Bank of Ghana (BoG) and the Ministry of Finance […] The post IMF:
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
The Minister of Finance Dr Mohammed Amin Adam has said that a Preliminary assessment undertaken by the Ministry and the central bank shows that they are on course to meet most of the targets under the Programme with the International Monetary Fund (IMF). He said that the Finance Ministry is working with the Bank of […] The post 2nd review: We’re on course
Finance Minister Dr Mohammed Amin Adam has said that the government recognizes that significant steps must be taken to improve the business environment in Ghana. He noted that Ghana is still one of the best destinations on the continent for the private sector to thrive. Dr Amin Adam said this while inaugurating the Ghana Mutaul […] The post Ghana is still one
The Finance Minister, Dr Mohammed Amin Adam, has announced that Ghana is making significant progress towards achieving the targets outlined in the 3-year, US$3bn IMF Supported Post Covid-19 Programme for Economic Growth (PC-PEG). During his first monthly press briefing on the economy in 2024, held on Tuesday, Dr Amin Adam disclosed, “The Ministry of Finance […] The post $3bn
The Ministry of Finance has emphasized the progress of the cedi since 2023, asserting that the currency has exhibited stability against major currencies. Finance Minister Dr. Mohammed Amin Adam highlighted this achievement during the Ministry’s Monthly briefing in Accra on Tuesday, March 26, 2024. Dr. Adam pointed out that from February to December 2023, the […] The post Cedi
The Minister of Finance, Dr. Mohammed Amin Adam, has highlighted the inadequacy of the country’s generated revenue to meet its infrastructural demands. He underscored the necessity for the government to resort to borrowing from the international capital market to supplement its efforts in addressing the country’s infrastructure needs. Expressing concern about the revenue raised from […] The post We
Popular afrobeat singer, Mishasha Jacob, better known as Mishasha, has released yet another musical masterpiece. The talented singer who already has several hit songs to her credit, released ‘Soft Vibez’, the new song and first entry for 2024, on Thursday, March 21. In ‘Soft Vibez’, Mishasha beautifully used her soothing voice to speak about peace […] The post Afrobeats
The Minister of Finance Dr Mohammed Amin Adam has explained that Artificial intelligence (AI) is forecast to contribute up to US$15.7 trillion to the global economy by 2030, of which US$1.2 trillion could be generated in Africa, thereby making AI one of the biggest economic opportunities available to our Continent. He said that Ghanaian authorities intend […] The post AI:
The National Democratic Congress’ (NDC) parliamentary candidate for Damongo, Adam Mutawakilu, has attributed Ghana’s power challenges to a lack of generational capacity and liquidity lapses. The government is burdened with an over GH¢2.3 billion debt owed to Independent Power Producers in Ghana (IPPs), with regular power cuts that have had Ghanaians agitated. Speaking on The […] The post Dumsor:
Finance Minister Dr. Mohammed Amin Adam has expressed confidence in fostering a closer partnership with the International Monetary Fund (IMF) to bolster Ghana’s economic resilience and expedite sustainable and inclusive growth. According to Amin Adam, this collaboration with the IMF will pave the way for a more prosperous future for all Ghanaians. Dr. Adam’s remarks […] The post Collaborative
Finance Minister Mohammed Amin Adam has urged the Office of the District Assemblies Common Fund (DACF) to promptly transfer the allocated GH¢181,837,022.00 to the beneficiaries of the DACF-Responsiveness Factor Grant (RFG) for the District Performance Assessment Tool (DPAT) VI. He expressed concern that the ongoing delays in transferring the funds to the Metropolitan Municipal District […] The post Transfer
The Minority in Parliament has strongly objected to two loan agreements currently under consideration by the legislative body. The government is seeking parliamentary approval for a $300 million loan from the World Bank to fund the First Resilient Recovery Development Policy and an additional $150 million for the ongoing Greater Accra Resilient and Integrated Development […] The post Minority
The Minister of Finance, Dr. Mohammed Amin Adam, has expressed deep sorrow over the sudden passing of the late Deputy Finance Minister and MP for Ejisu, Dr. John Ampontuah Kumah. At the age of 45, Dr. Kumah reportedly succumbed to a brief illness on Thursday, March 7, according to sources close to the family. In […] The post Your death has left a profound
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