Ken Ofori Atta Archives - Page 4 of 13

02 Aug

Government Bets Recovery On Increased Domestic Production

wontumionlineBusinessKen Ofori Atta

Government’s efforts to return the economy to normalcy remain centred on increasing domestic production capacity, Finance Minister Ken Ofori-Atta has said. The minister’s remark came on the back of his assurances of the government pursuing a robust growth strategy within the limited fiscal space during his presentation of the Mid-Year Fiscal Policy Review of the 2023 Budget Statement and Economic Policy. Mr. Ofori-Atta, who admitted that 2022 was the most difficult year for him as a finance minister because the country went through dire periods of economic uncertainties and despondency, maintained confidence in the path to recovery. “2022 was the most difficult…

01 Aug

Anomabo Fisheries College: Enrolment Of Students To Begin End Of Year – Ofori-Atta

wontumionlineBusinessAnomabo Fisheries College, Ken Ofori Atta

The first batch of students to be enrolled into the Anomabo Fisheries College is expected to take place at the end of this year 2023, Finance Minister Ken Ofori-Atta has announced. This follows the completion of civil works on the Phase 1 of the Anomabo Fisheries College project by government. Presenting the midyear budget review to Parliament on Monday, 31 July 2023, the Finance Minister revealed that 37 out of a target of 50 premix automated vending machines were installed in various landing beaches at Elmina, Chorkor and Nungua among others as part of efforts to prevent diversion and hoarding of premix…

01 Aug

Mid-Year Budget : Kwakye Warns Govt Against Actions That Can Disturb Subsequent Release Of IMF Cash

wontumionlineBusinessDr. John Kwakye, Finance Minister IMF, Ken Ofori Atta

Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has warned the government against actions that can disturb the release of the second tranche of the 3 billion IMF cash. This was after he said that the Mid-Year budget review that was presented by Finance Minister Ken Ofori-Atta was a rehash of the International Monetary Fund (IMF) programme. “The programme has strict quantitative and structural performance criteria that must not be breached in order not to forfeit subsequent financial disbursements,” Dr Kwakye tweeted. The Minister of Finance Ken Ofori-Atta has said that overall first-quarter growth for…

31 Jul

Mid-Year Budget: Make Allocations For ECG To Pay Us – IPPs To Government

wontumionlineBusinessKen Ofori Atta, Mid-year budget

The Independent Power Producers of Ghana (IPPs) have said they are expecting government in the 2023 mid-year budget review statement to be read in parliament Monday, July 31, 2023 by the Minister of Finance, Ken Ofori-Atta, to allocate some funds to support the Electricity Company of Ghana (ECG) to clear all outstanding debts owed them. According to the Chief Executive Officer of the Chamber of Independent Power Producers, Elikplim Kwabla Apetorgbor, it is about time they receive what is due them because they have been starved for far too long. In an interview with Starr FM, he said, “Unless there is…

31 Jul

Mid-Year Budget Review To Be Presented July 31

wontumionlineNewsKen Ofori Atta, Mid-year budget review

In accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2023 Financial Year, will be presented to Parliament tomorrow, Monday, 31st July 2023. The presentation will provide an update on the implementation of the 2023 Budget, with insights into the economic and fiscal performance for the first half of the year. It will also discuss policies implemented to stabilise the economy, promote growth and provide social protection for the vulnerable. This is contained in a press release from the…

28 Jul

Finance Minister To Engage Mps Ahead Of 2023 Mid-Year Budget Review

wontumionlineBusinessKen Ofori Atta

The Minister of Finance, Ken Ofori-Atta will on Friday, July 28, 2023, engage Members of Parliament in intensive discussions ahead of the government’s presentation of the 2023 Mid-Year Budget Review. The discussions are expected to provide updates on the government's fiscal plans for the remainder of the 2023 financial year as well as chart a path towards economic stability and growth. Speaker of Parliament, Alban Bagbin addressing lawmakers on the floor of the House urged them to avail themselves to make inputs into the mid-year budget review which will be presented by the Finance Minister on July 31, 2023. “Basically, it will be focusing on the welfare…

24 Jul

Finance Minister To Present Mid-Year Budget Review On July 25, 2023

wontumionlineBusinessKen Ofori Atta, Mid-year budget review

The Minister of Finance, Ken Ofori-Atta, will present the Mid-Year Budget Review to Parliament tomorrow July 25, 2025, a source from the Finance Ministry has confirmed to Joy Business. Joy Business is learning that there will be no supplementary budget. It is coming at a time the economy has witnessed some improvement after experiencing a turbulent period in 2022. From the July 2023 Summary of Economic and Financial Data by the Bank of Ghana, the indicators show a remarkable improvement in the economic fundamentals of the country. Many believe it is due to the International Monetary Fund Programme that has…

18 Jul

We Are On Course For First Successful Review Of IMF Programme In November 2023 – Ofori-Atta

wontumionlineBusinessbilateral creditors, imf, Ken Ofori Atta, world bank

Finance Minister, Ken Ofori-Atta, has indicated that the country is on course for the successful completion of its first review of the International Monetary Fund (IMF) Programme in November 2023 and the subsequent disbursement of an additional $600 million. According to him, Ghana will finanlise a Memorandum of Understanding with its official bilateral creditors before the first review of the IMF Programme is completed in November 2023. Disclosing this when the World Bank Managing Director for Operations, Anna Bjerde paid a courtesy call on him, Mr. Ofori-Atta, said Ghana is complying with all the conditions stipulated by the programme. “We…

13 Jul

Some Financial Sector Stakeholders Commend Ofori-Atta For Fulfilling His Promise To Domestic Bondholders

wontumionlineBusinessDDEP, Extractive Governance Reporting Centre, Ken Ofori Atta, ministry of finance

Some stakeholders in Ghana’s economic and financial sector have commended the Minister of Finance, Ken Ofori-Atta, for fulfilling his promise to the domestic bondholders, a move that has finally ended the agitations and complaints that surrounded the government’s Domestic Debt Exchange Programme. The Extractive Governance Reporting Centre (EGRC) in a statement acknowledged the sincerity of the finance minister and officials of the Ministry of Finance in their dealings with the domestic and individual bondholders. “We are happy that the concerns of the individual bondholders have been addressed. Let’s all support the Finance Minister, Ken Ofori-Atta and the government to address…

29 Jun

Ghana Pushes For Fit-For-Climate Financial System From World Leaders

wontumionlineBusinessfit-for-climate financial system, Ken Ofori Atta

Ghana, the Chair of the Vulnerable Twenty (V20) Group of Finance Ministers of the Climate Vulnerable Forum, has called on World Leaders to develop a fit-for-climate financial scheme to address climate issues. Such efforts will help scale up responses to climate adaptation and mitigation measures for vulnerable countries. It will also help revolutionise how the countries are resolving their climate-induced debt issues, and support countries that are seeking funds to build resilience and adapt to climate concerns. “We must develop powerful coalitions to fight for humanity as we coordinate our efforts to respond positively to the need for the development of a fit-for-climate global financial system,”…