John Kumah

John Kumah Helped Restore Macroeconomic Stability – Finance Ministry
08 Mar

John Kumah Helped Restore Macroeconomic Stability – Finance Ministry

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The Ministry of Finance has expressed deep sorrow over the passing of its Deputy Minister and Member of Parliament for Ejisu, Dr. John Ampontuah Kumah. The 45-year-old MP reportedly died on Thursday, March 7, after a brief illness, according to sources close to the family. In a statement, the Ministry paid tribute to Dr. Kumah, emphasizing the crucial role he played in implementing reforms to restore Ghana’s macroeconomic stability since 2021. “Since January 2021, the late Dr. John Kumah has been a valued member of our Leadership Team driving reforms to restore macroeconomic stability and economic transformation.” The Ministry offered…
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Vice President Bawumia Mourns John Kumah
08 Mar

Vice President Bawumia Mourns John Kumah

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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…
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John Kumah: Deputy Finance Minister Reported Dead
07 Mar

John Kumah: Deputy Finance Minister Reported Dead

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John Kumah, the Deputy Minister for Finance and Member of Parliament for Ejisu, has been reported dead at the age of 45. According to Citi News, he succumbed to a short illness. He left behind a wife and six children. He was the founding Managing Director of Majak Associates Ltd, a building and construction firm involved in projects across Ghana. Upon becoming a lawyer, John Kumah founded the Aduaprokye Chambers and was the Managing Partner of the law firm, until the President appointed him as CEO of the National Entrepreneurship and Innovation Programme (NEIP) in 2017. At the helm of…
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Successful IMF Board Meeting Will Lead To Disbursement Of Second Tranche To Ghana – John Kumah
19 Jan

Successful IMF Board Meeting Will Lead To Disbursement Of Second Tranche To Ghana – John Kumah

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Deputy Finance Minister Dr. John Kumah asserts that Ghana's economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, Dr. Kumah highlighted the unanimous approval of Ghana's request for debt treatment under the G-20 Common Framework. This, he believes, forms the foundation for his positive outlook on the nation's economic trajectory. Expressing gratitude, Dr. Kumah commended the people of Ghana for their unwavering support of the government's measures and policies. He specifically acknowledged their role in mitigating the adverse impacts brought about by the COVID-19 outbreak and the Russia-Ukraine war. With optimism, the Ejisu…
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Ghana On Course To Secure IMF Deal Soon – John Kumah Assures
03 May

Ghana On Course To Secure IMF Deal Soon – John Kumah Assures

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The government has expressed hope of securing the Paris Club financing assurances within the shortest possible time to enable the 3 billion dollar support from the International Monetary Fund. This follows the government’s engagement with bilateral and multilateral partners at the recent IMF and World Bank Spring meetings in America. Addressing the media in Parliament, Deputy Finance Minister, John Kumah assured that discussions towards securing the fund have been fruitful. “Ghana is very hopeful, the Minister for Finance just returned from the spring meeting from the US and took the opportunity to meet our bilateral partners and multilateral partners and…
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Interest Rate, Cost Of Borrowing To Come Down Soon – John Kumah
17 Apr

Interest Rate, Cost Of Borrowing To Come Down Soon – John Kumah

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Deputy Finance Minister John Kumah has assured that interest rates will come down in the next few months. According to him, the government is putting up measures to ensure that the rates drop further than it has in recent times. “At the moment T-Bill rate in January was at about 35%, today it is below 20%, and we are still forcing it down.” “So that in the end once we tackle inflation and it also comes down, we are now going to see the cost of borrowing coming down within reasonable limits for businesses to have the liquidity to operate,”…
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Bawumia A Voice Of Hope In The Midst Of Economic Challenges – John Kumah
16 Apr

Bawumia A Voice Of Hope In The Midst Of Economic Challenges – John Kumah

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Ejisu MP and deputy finance minister John Kumah has spoken highly of Vice President Mahamudu Bawumia's impact in Ghana's challenging economic times. He holds that view that despite the headwinds that have forced government to seek a bailout from the International Monetary Fund (IMF), which process is still being negotiated, Bawumia is one of the voices that gives hope of the good times ahead. ”In these difficult times, we need people who speak to give us hope and one of the voices in this country that speak to give hope is Dr Bawumia. “You need individuals who understand how to…
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Treasury Bills Rate To Further Reduce Due To DDEP – John Kumah
10 Mar

Treasury Bills Rate To Further Reduce Due To DDEP – John Kumah

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The deputy minister of finance, John Kumah, has stated that the coupon rate of treasury bills will see a further decrease in the coming weeks due to the debt restructuring programme. According to him, the Domestic Debt Exchange programme has accounted for the reduction in the rate of Treasury Bills from 35 to 24 percent. The Deputy finance minister argued the programme is yielding the results necessary for economic growth and transformation. He said in Parliament: “Last week, the treasury bill rate in the country was at 35 percent. Today as we speak, the treasury bill rate has been reduced to…
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Ghana Cedi Third Strongest In Africa – John Kumah Refutes Minority’s Poor Cedi Claim
10 Mar

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

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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…
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Debt Exchange: Don’t Argue With Emotions – John Kumah To Bondholders
01 Feb

Debt Exchange: Don’t Argue With Emotions – John Kumah To Bondholders

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The Deputy Finance Minister, John Kumah, has urged bondholders to desist from emotional arguments as government undertakes the Domestic Debt Exchange Programme (DDEP). According to him, the programme is a necessary one that needs to be implemented to resuscitate the failing economy of the country. Prior to Mr Kumah’s statement on Joy FM’sSuper Morning Show, the Convener of the Individual Bondholders Forum, Senyo Hosi and the President of the National Association of Graduate Teachers (NAGRAT), Angel Carbonu had been engaged. Senyo Hosi, in his argument for all individual bondholders, said the government was “close to being dishonest” with stakeholders on the…
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