Government Archives - Page 2 of 2

06 Feb

Government Unlikely To Pay ¢4.185bn 5-Year Bond Maturing On February 6, 2022

wontumionlineBusiness5-year bond, Domestic Debt Exchange Programme, Eligible Bondholders, Government

The Government of Ghana is not likely to pay a ¢4.185 billion 5-year bond maturing today, February 6, 2023. This is because it has already been included in the 2nd Amended and Restated Exchange Memorandum of the Domestic Debt Exchange Programme (DDEP). However, it is unclear whether the government will honour the interest payment of the debt instrument. Ideally, the government would have roll-over the instrument, but market conditions make it unlikely to do so. Some market analysts and traders have told Joy Business on condition of anonymity that the government will not honour its obligation as stated in the…

01 Feb

Government Bridges The Gap Between Industry And TVET

wontumionlineNewsGovernment, TVET

The Director General of the Commission for Technical and Vocational Education and Training (TVET) has announced that the Akufo-Addo-led government has bridged the gap between Industry and TVET over the past five years. Dr Fred Kyei Asamoah explained that the establishment of Sector Skills Bodies which are made up of industry players and academia and groups of related industries that come together under a common structure to drive growth and competitiveness across the sector by focusing on the exploration of business opportunities, innovation and capacity needs within the sectors had led to bridging the gap in the sector. Dr Fred…

26 Jan

Individual Bondholders Forum Proposes How To Save ¢83bn In Government Expenditure

wontumionlineNewsDebt Restructuring Programme, Government, Individual Bondholders Forum

The Individual Bondholders Forum (IBF) says it has proposed measures for the government to make savings on its expenditure. According to the IBF, these measures if implemented could save the country some GH¢83 billion. The Forum made this known in a press release issued on Thursday, January 26, after its work with the joint technical committee set up by the Finance Minister to consider their issues. Providing update on the committee’s work, the Forum said it did its best in the discharge of its duties on the committee based on the terms of reference provided. “However, it is important to…

18 Jan

1 Student, 1 Tablet – Bawumia Promises Senior High Schools This Year

wontumionlineNewsAkufo-Addo, Bawumia, Government, SHS Students, Tablets

Vice President, Dr Mahamudu Bawumia says the government will provide senior high school students with electronic tablets. Dr Bawumia said “this game-changing development” is aimed at equipping the students with the relevant materials for their studies. Speaking at this year’s New Year School at the University of Ghana, Legon on Tuesday, January 17, Dr Bawumia said added the move forms part of government’s digitisation agenda. He disclosed that these tablets will have textbooks and past questions loaded onto them. “This year, we are on course to provide all Senior High School students in Ghana with tablets which are loaded with…

17 Jan

Gold For Oil: We Have Sufficient Gold To Sustain The Deal – Bank Of Ghana

wontumionlineNewsbank of ghana, Bawumia, fuel, Gold for Oil policy, Government

The Bank of Ghana (BoG) has calmed the fears of Ghanaians over government’s ability to provide enough gold for its Gold for Oil policy. The Central Bank says the country has a sufficient quantity of gold reserves to sustain the policy. The Director of Financial Market at the Bank of Ghana, Stephen Opata made this known on Monday, January 16, when he appeared before the Public Accounts Committee (PAC). According to him, there is no cause for concern as the Central Bank is well-positioned to meet the demand for 160,000 ounces of gold per month under the deal. “As for…

06 Jan

COVID-19: Reintroduced Measures At KIA Start Today

wontumionlineNewsChina Covid-19, Ghana Health Service (GHS), Government, Kotoka International Airport (KIA)

The Ghana Airport Company Limited (GACL)’s new directive for passengers arriving from China and other countries starts today, Friday January 6. Passengers will be required to present a valid negative COVID-19 PCR test result, 48 hours prior to departure from the originating country. Again, they will be required to undergo mandatory COVID-19 testing on arrival at the Kotoka International Airport (KIA) at no cost. Per the directive, all other passengers originating their journey from elsewhere other than China, who are vaccinated or unvaccinated would also be required to present a valid negative COVID-19 PCR test result 48 hours prior to…

06 Jan

Monday Jan. 9 Declared As Public Holiday

wontumionlineNewsGovernment, Public Holiday

The government through the Interior Minister has declared Monday, January 9, 2023 as a public holiday. The Ministry in a statement noted that Monday was declared a holiday because Saturday, January 7, which marks Constitution Day, falls on a weekend. “In view of the fact that 7th January, 2023 falls on a Saturday, His Excellency, the President of the Republic of Ghana, has by Executive Instrument (E.I), in accordance with Section 2 of the Pubic Holidays and Commemorative Days Act, (Act 601) declared Monday, 9th January, 2023 as an additional holiday,” the statement explained. The public was further entreated to observe the…

30 Nov

Adopt Consultative Approach Before Implementing 2023 Budget – KPMG To Government

wontumionlineBusiness2023 Budget, Anthony Sarpong, Government, KPMG

Accounting and auditing firm, KPMG wants government to adopt a consultative approach to ensure that the concerns of individuals, households and businesses are well addressed before measures captured in the 2023 Budget are implemented. The 2023 Budget is hinged on seven-point agenda. They include aggressively mobilising domestic revenue through various tax reforms, streamlining and rationalising expenditures, boosting local productive capacity and promoting and diversifying exports. In its 2023 Budget Highlights led by Senior Partner, Anthony Sarpong, KPMG, said with the current high levels of debt and recent downgrades in credit ratings, enhancing domestic revenue mobilisation remains a top priority for…

13 Oct

Our Concerns Are Legitimate- Government Should Consider Flat VAT Rate – GUTA

wontumionlineFeatured, News, TrendingGovernment, GUTA, Tax, VAT

The National Financial Secretary for Ghana Union of Traders Association (GUTA), Nana Kwabena Pepprah who doubles as GUTA Greater Accra Chairman has pleaded with government to consider the payment of flat Value Added Tax (VAT) rate to boost the payment of taxes. Speaking with Kwaku Dawuro on Movement In The Morning Show, Nana Kwabena Pepprah stressed that GUTA is not against the payment of VAT but against the disparities that exist in the payment. Speaking he said that ‘’we support the payment of taxes and VAT because it is the only way we can build our economy. GUTA's challenge is…

12 Apr

We Must Guard Against Dragging The Judiciary Into Politics- Lawyer Obiri Boahene

wontumionlineFeatured, NewsAlbert Ken Dapaah, Ghana, Government, Judiciary

The deputy General Secretary for the New Patriotic Party , Lawyer Nana Obiri Boahene has cautioned political parties and individuals to refrain from dragging the judiciary into politics following Albert Ken Dapaah and Festus Aboagye's comment on the Judiciary system. Speaking on Movement TV morning show with Nana Oheneba Asiedu on 12th April 2022, he emphasized that, the judiciary is an independent body. “We can politicize everything but we must be careful not to drag the judiciary into the political space because they are the bedrock of the country and their sanity must be protected”, he said. He encouraged politicians…