Deputy Finance Minister Archives

08 Mar

Vice President Bawumia Mourns John Kumah

wontumionlineNewsDeputy Finance Minister, John Kumah

Vice President and flagbearer of the governing New Patriotic Party (NPP), Dr Mahamudu Bawumia, has joined many Ghanaians to mourn the passing of the Deputy Finance Minister, Dr John Ampontuah Kumah. Dr Kumah, who is also the Member of Parliament for the Ejisu constituency in the Ashanti Region died on Thursday, March 7, 2024, at the Suhum Government hospital. He died at age 45. The Vice President in a social media post described the late Deputy Finance Minister as "a truly committed member of our administration, and party, who dedicated his all to the success of our endeavours." Dr Kumah was on the floor…

10 Apr

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

wontumionlineBusinessAbena Osei Asare, Deputy Finance Minister

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…

10 Mar

Ghana Cedi Third Strongest In Africa – John Kumah Refutes Minority’s Poor Cedi Claim

wontumionlineNewsDeputy Finance Minister, Ghana Cedi, John Kumah

Deputy Finance Minister, John Kumah has refuted claims that the Ghana cedi is performing badly against the US dollar in comparison with other currencies of countries on the African continent. The deputy minister challenging the minority in parliament on Thursday, March 9, 2023, stated that the Ghana cedi remains the best performing currency in Africa against the dollar except for the Libyan and Tunisian currencies. “Mr Speaker, my colleagues on the other side have also spoken wrongfully about the strength of our currency and said that when COVID came, we should compare the Ghana cedi to the currency of other countries and…

07 Dec

‘No Need for Panic Withdrawals . . . Your Money Is Safe’ – John Kumah Assures Ghanaians

wontumionlineBusinessDeputy Finance Minister, John Kumah

Deputy Finance Minister, John Kumah has asked Ghanaians not to panic following the announcement of government's domestic debt exchange programme. "There's no need for panic withdrawals because the money will not be affected. Your money is safe in the bank," he said. Domestic debt exchange programme This programme seeks to help restore macroeconomic stability. However, there have been concerns that this will bring 'haircut' leading to more hardship for Ghanaians. Finance Minister, Ken Ofori-Atta giving full details of the programme, said there will be no 'haircut' adding, "Treasury bills are completely exempted and all holders will be paid the full value of their…

25 Nov

“No Haircut” Is Lor Local Investments – John Kumah

wontumionlineBusinessDeputy Finance Minister, John Kumah

A Deputy Finance Minister John Kumah has said that the ‘no haircut’ assurance that was given by President Nana Addo Dankwa Akufo-Addo was for only true for local investments. Speaking to 3business after the 2023 budget presentation by the Finance Minister Ken Ofori-Atta in Parliament on Thursday November 24 Mr Kumah who is also lawmaker for Ejisu said there will be external engagements that will do haircuts for bond holders. “We are expecting to bring down government’s obligations on our debt borrowing and interest payments,” he said. He added “We strongly believe that the domestic investors in Ghana as we have it today, HE the President has…