budget

Budget Deceitful, Lacks Hope — Minority
12 Mar

Budget Deceitful, Lacks Hope — Minority

CUD Wontumi0 CommentsNews,
The Minority in Parliament has described the 2025 Budget and Economic Policy of the government as one that lacked hope and inspiration, arguing that it fails to address the pressing needs of Ghanaians, particularly the youth. Reacting to the Budget Statement presented on the floor of Parliament by the Minister of Finance yesterday, the Minority Leader, Alexander Afenyo-Markin, criticised the government for failing to include key economic policies, notably the much-anticipated 24-hour Economy initiative, which had been promised by the government. “The youth of this country have been waiting for this 24-hour Economy policy. The minister tells us the policy…
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We Turned The Corner When We Successfully Completed First Review Of IMF Deal – Finance Minister
15 Nov

We Turned The Corner When We Successfully Completed First Review Of IMF Deal – Finance Minister

wontumionlineNews,
The Finance Minister Ken Ofori-Attahas said that the Akufo-Addo administration is determined to maintain discipline in order to keep the economy stable. He said the government had turned the corner relative to the economic challenges when it successfully completed the first review of the 3-year 3 billion International Monetary Fund External Credit Facility (IMF-ECF) programme. “We turned the corner when we completed the IMF first review,” he told Parliament while presenting the 2024 budget statement on Wednesday, November 15. He further assured that the government is poised to “maintain stability and keep growing.  and ensure increased growth, currency stability” “We turned the corner when inflation started declining from 54 1 in…
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2024 Budget Will Support IMF-Backed Post-Covid-19 Programme Of Economic Growth – Finance Ministry
14 Nov

2024 Budget Will Support IMF-Backed Post-Covid-19 Programme Of Economic Growth – Finance Ministry

wontumionlineBusiness,
The Ministry of Finance has announced that the sector minister, Ken Ofori-Atta will present the National Budget to parliament tomorrow. This is in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921). “The Minister for Finance will, on behalf of the President, lay before Parliament the Budget Statement and Economic Policy of Government of Ghana for the 2024 Financial Year, on Wednesday,15th November 2023”, a statement said. The statement explained that the Budget is crucial because it is developed to support the implementation of the International Monetary Fund (IMF)-backed…
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Govt Will Freeze Hiring Of Public And Civil Servants From January 2023 – Ofori-Atta
24 Nov

Govt Will Freeze Hiring Of Public And Civil Servants From January 2023 – Ofori-Atta

wontumionlineNews,
The Minister of Finance, Ken Ofori-Atta has disclosed that their will be a freeze in government employment from next year. According to him there will be an embargo placed into recruiting for the civil and public services from January, 2023. This, he said, at the ongoing budget presentation at Parliament House in Accra. “[There'll be] a hiring freeze for civil and public servants [from January 2023]. A reduction of expenditure on appointments, including salary freezes, together with suspension of certain allowances like housing, utilities & clothing.” Additionally, the Minister announced that VAT will be increased by 2.5%. The standard VAT…
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Government To Increase VAT By 2.5% in 2023 – Ken Ofori Atta
24 Nov

Government To Increase VAT By 2.5% in 2023 – Ken Ofori Atta

wontumionlineNews,
The Finance Minister has said that the government wishes to increase the country's Value Added Tax (VAT) by 2.5 percent in 2023. According to him, the proposal to increase the rate forms part of the government's seven-point agenda to revitalize the economy. The Finance Minister said this while presenting the country's 2023 budget at Parliament on Thursday, November 24, 2022. The standard VAT rate is 12.5%, except for supplies of a wholesaler or retailer of goods, which are taxed at a total flat rate of 3%. He also announced that the government will undertake major structural reforms in the public…
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Let’s Work Together To Arrive At A Feasible Budget Program – Oppong Nkrumah To Both Majority And Minority
23 Nov

Let’s Work Together To Arrive At A Feasible Budget Program – Oppong Nkrumah To Both Majority And Minority

wontumionlineNews, ,
Minister for Information, Kojo Oppong Nkrumah is urging the Majority and Minority sides of Parliament to work in close collaboration to get a feasible budget program that will propel the Ghanaian economy onto the path of recovery. In a post on social networking site, Twitter, the Minister hinted that government’s economic blueprint for next year which will be presented to Parliament on Thursday, November 24, 2022, will focus on prudent economic policies that will help reboot the economy, hence, needs the collaboration of both sides of the house. “The 2023 budget is supposed to be the foundation of our recovery.…
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Government Races Against Time To Secure A Concrete Deal With IMF – Ofori-Atta
22 Sep

Government Races Against Time To Secure A Concrete Deal With IMF – Ofori-Atta

wontumionlineBusiness, ,
Government says it is racing against time in securing a concrete deal with the International Monetary Fund (IMF) before the 2023 Budget is read in November, 2022. A delegation from the IMF will be in town from Monday, September 26 to commence official negotiations with Ghana for an economic programme to help restructure the imbalance in the Ghanaian economy. The team is expected to stay in the country for the next two weeks. Finance Minister, Ken Ofori Atta, speaking at a signing of a Memorandum of Understanding with some local banks for the YouStart progarmme, said it is crucial for…
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