Abena Osei Asare

Gov’t Reaffirms Commitment To Boost SME Growth

Gov’t Reaffirms Commitment To Boost SME Growth

Government has reiterated its commitment to accelerating the growth of small and medium enterprises (SMEs) through its SME Growth and Opportunity (SME-GO) programme. The initiative seeks to strengthen the sector by providing critical financial and technical support. At a stakeholder sensitisation event held in Accra, Minister of State Abena Osei-Asare emphasised government’s dedication to fulfilling its promise of bolstering the SME sector, which is widely regarded as the Ghanaian economy’s backbone. This event marked the national sensitisation tour’s conclusion, brought together key government officials, development partners and SME representatives. According to Ms. Osei-Asare, the SME-GO programme is set to address…
Read More
Ghana’s Economy Poised For Growth – Abena Osei-Asare

Ghana’s Economy Poised For Growth – Abena Osei-Asare

The Minister of State at the Finance Ministry, Abena Osei-Asare has expressed confidence in Ghana’s economic recovery, highlighting ongoing structural reforms aimed at sustaining recent growth. Speaking at the inaugural Quarterly Economic Round Table (QER) at the ISSER Conference Hall on July 2, 2024, Osei-Asare emphasised government efforts to bolster economic gains. She also highlighted efforts in stabilizing the Cedi against the US dollar, improving gross international reserves, and reducing public debt accumulation post-debt restructuring. “The recent pressures on the Cedi are being contained, our gross international reserves are improving, fiscal consolidation is holding, and the rate of accumulation of…
Read More
Abena Osei-Asare Appointed As Minister Of State At The Finance Ministry

Abena Osei-Asare Appointed As Minister Of State At The Finance Ministry

Deputy Minister for Finance, and New Patriotic Party (NPP) Member of Parliament for Atiwa East constituency, Abena Osei-Asare, has been appointed by President Akufo-Addo as a Minister of State at the Finance Ministry. Mrs Osei-Asare takes up the role from Mohammed Amin Adam who has been appointed as the substantive Finance Minister following Ken Ofori-Atta’s exit from office on Wednesday, 14 February 2024 after serving in the space for 7 years and 2 months. Dr Alexander Ampaabeng, the NPP 2024 parliamentary candidate for the Juaboso constituency in the Western North Region, has also been appointed as the Deputy Minister for…
Read More
Bear With Us, Ability To Pay Your Bonds A Struggle – MoF Begs Pensioners

Bear With Us, Ability To Pay Your Bonds A Struggle – MoF Begs Pensioners

The Deputy Finance Minister Abena Osei Asare has said the government's failure to meet coupon deadlines for pensioner bondholders is not on purpose. "We don't intentionally stop them [payment], sometimes it's difficult, it is the ability to pay and, so, when it is not there, it becomes a challenge, but we also have to communicate that to you", she told the picketing pensioners on Thursday, 1 June 2023. The pensioners resumed their picketing after the government, once again, failed to honour its side of the bargain regarding the deadlines for coupon payment. Explaining issues to the seniors who defied the…
Read More
Validate Financial Institutions Before Advertising Their Products – Deputy Minister To Media

Validate Financial Institutions Before Advertising Their Products – Deputy Minister To Media

Deputy Finance Minister, Abena Osei-Asare, has urged the media to take deliberate steps to validate financial institutions before advertising their products. She explained that financial products and services advertisements on radio and television influence people’s purchasing decisions. Madam Osei-Asare made this appeal during the official launch of the National Financial Education Campaign Program in Accra. “The Ministry of Finance as part of the design of the financial education campaign conducted a preliminary assessment of Ghana’s financial literacy education landscape in 2021. The assessment which aimed to identify financial literacy gaps among citizens revealed that the average financial literacy score in the…
Read More
Economy Is In Crisis, We Need Debt Exchange Programme To Get IMF Staff-Level Agreement – Abena Osei Asare

Economy Is In Crisis, We Need Debt Exchange Programme To Get IMF Staff-Level Agreement – Abena Osei Asare

A Deputy Finance Minister, Abena Osei Asare, has stated that Ghana needs the Debt Exchange Programme to proceed to the next stage of negotiations with the International Monetary Fund (IMF). According to her, a successful execution of the programme is key to securing the programme. Speaking at a Post Budget Forum organised by auditing and accounting firm, Deloitte Ghana, she urged all investors to participate in the programme. “The economy is in crisis and we know it’s a difficult time for us. For us to get to the next stage of the IMF programme we need the debt exchange program…
Read More