John Kumah

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

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

wontumionlineBusiness,
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…
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“No Haircut” Is Lor Local Investments – John Kumah
25 Nov

“No Haircut” Is Lor Local Investments – John Kumah

wontumionlineBusiness,
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…
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Govt Is Committed To Supporting Development Of Sustainable Small Businesses – John Kumah
19 Sep

Govt Is Committed To Supporting Development Of Sustainable Small Businesses – John Kumah

wontumionlineBusiness
A Deputy Finance Minister, John Kumah has assured the general public that the government is committed to supporting the development of sustainable Medium and Small Scale Enterprises (MSMEs) which employ more than 80% of the workforce and generate about 70% of national output. He was confident that initiatives including the YouStart entrepreneurship programme would provide avenues to promote sustainable enterprises through skills development and investments into enterprises that were demonstrably sustainable. He said these while speaking on behalf of the Finance Minister, at a two-day virtual fair aimed at increasing investments in green enterprise development as a sustainable pathway to…
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