Ofori Atta

22 Jan

How Can Ofori-Atta Do This To Me- Emotional MP Disappointed That Finance Minister Is Campaigning Against Him (VIDEO)

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The Member of Parliament for Fanteakwa South, Hon. Kofi Okyere Agyekum better known as Arafat, has expressed disappointment in Finance Minister, Ken Ofori Atta for coming over to the constituency to allegedly campaign for his brother Jude Ofori Atta, against the incumbent MP, Arafat. He disclosed that on the 9th of January, whiles some Ghanaians were threatening a dumsor demonstration which was orchestrated by some debt owed the Ghana Gas, the finance minister was also busy campaigning for his brother in the Fanteakwa South constituency for the upcoming Parliamentary primaries. He alleged that Ken Ofori Atta was in the constituency…

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06 Dec

Tourism Sector To Receive GH¢400 Million Boost Next Year – Ofori -Atta

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Government will invest over GH¢400million in revamping the tourism sector next year, Finance Minister, Ken Ofori-Atta has disclosed. The amount, the minister explained, will be used to establish new tourist attraction sites such as museums, rehabilitate and upgrade existing attractions – including the Monkeys Sanctuary at Shai Hills, Mole National Park, Cape Coast and Elmina Castles, among many others across the country. “At a more micro-level, next year, the government, in conjunction with our development partners, will commit over GH¢400million to provide new tourist attractions in addition to renovating existing ones,” the minister announced in his keynote address at the Ghana Tourism…

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23 Nov

Why Is Ofori-Atta Still At Post, Mr. President? – Kafui Amegah Questions

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A member of the NPP's communications team, Mr. Kafui Amegah, has advised President Akufo-Addo to sit up. He said if the President wants the NPP to win the 2024 elections, then there are certain things he must do to ensure that he wins the heart of Ghanaians. " Why is President Akufo-Addo still keeping Honourable Ken Ofori Atta at post when the system needs to restore confidence...The system is not breathing. Oxygen will be given to most people very soon so why won't the President take off oxygen of them...We are businessmen, yet we are suffering, and it is because…

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18 Nov

Govt Committed To Completing Ongoing Projects – Ofori-Atta Assures

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The Finance Minister, Ken Ofori-Atta, says the government’s 2024 budget is aimed at consolidating and completing ongoing infrastructure projects across the country. Following the presentation of the budget on Wednesday, November 15, 2023, by the Finance Minister, the Minority bemoaned the lack of commitment on the part of the government to clear debt owed to road contractors, which has contributed to about 80 percent of them abandoning sites. Speaking at the post-budget workshop in Parliament, the Finance Minister, Ken Ofori-Atta, said the government will ensure that the debts owed to contracts are cleared to pave the way for the onward…

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20 Sep

Ghana’s Economy Hits Brakes: Q2 Of 2023 Growth Rate Slows To 3.2%

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The latest GDP figures released by the Ghana Statistical Service have highlighted a decline in the growth of the Ghanaian economy, particularly in the industrial sector, which continues to face challenges. During the second quarter of 2023, the economy expanded at a rate of 3.2%, a figure notably smaller than the previous year’s performance (3.5%). Several key subsectors, including construction, electricity, and manufacturing, all experienced contractions during this period, contributing to the overall economic slowdown. Statistical Service also revised the growth rate for the first quarter of 2023, adjusting it from the earlier reported 4.2% down to 3.3%. In the…

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30 Aug

DDEP: I Told Akufo-Addo, Ofori-Atta That Giving Banks Haircut Just After Cleanup Was Wrong But I Was Ignored – Pianim

wontumionlineBusinessKwame Pianim, Ofori Atta

A renowned economist, Kwame Pianim, has said he put together a team of financial experts and discussed the impact of the Domestic Deebt Exchange Programme (DDEP) on banks and submitted a memorandum to President Nana Addo Dankwa Akufo-Addo, Vice President Dr Mahamudu Bawumia, and Finance Minister Ken Ofori-Atta but the concerns was ignored. He stated that giving the banks a haircut just after the cleanup exercise in the baking sector was wrong. On Monday, January 23, the Government of Ghana and the GAB reached an agreement on the new terms for the Domestic Debt Exchange programme. The banks had earlier rejected…

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21 Dec

Ofori-Atta Mentions Ready Policies After Economic Recovery; Sees 2023 s ‘Comeback’ Year

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Minister of Finance Kenneth Nana Yaw Kuntunkunuku Ofori-Atta has hinted at some planned programmes by government if the country recovers from the current economic downturn. He said the programmes will ensure a robust economy for the future. “The ensuing years will focus on entrepreneurial and export-driven economy as we grow the economy to protect and create jobs, tackle inflation and strengthen our economy,” he stated in a nationwide broadcast on Monday, December 19. He added that “importation of food should soon be a thing of the past”. Ghana’s economic crisis has reached unsustainable levels with the country going to the International…

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29 Nov

Ghana’s Public Debt Increased By GH¢93 Billion Due To Cedi Depreciation – Ofori-Atta

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Ken Ofori-Atta, Minister of Finance, stated in the 2023 budget statement that Ghana’s public debt has increased by GH¢93 billion ($6.53 billion at the current rate) due to the depreciation of the Ghanaian cedi alone since the beginning of 2022. According to him, the said amount is twice more than the much-anticipated $3 billion bailout Ghana is seeking from the International Monetary Fund (IMF). In the 2023 budget statement, the cedi has depreciated by 53.8% and 54.2% against the dollar as of October 2022 and November 2022. The depreciation is due to the fact that the country cannot access the International Capital…

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25 Nov

Here Are The 13 Measures To Reduce Public Expenditure In 2023

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Government through the Finance Minister, Ken Ofori-Atta has announced some 13 measures to rationalise public expenditure. According to him, these measures are Cabinet directives that are expected to take effect from January 2023. This comes on the back of several calls by some sections of the public for the government to cut down its expenditure to salvage the economy. Currently, Ghana’s economy is under pressure, resulting in higher living costs and galloping inflation. Presenting the 2023 Budget in Parliament on Thursday, Mr Ofori-Atta stated that the measures are “a first step towards expenditure rationalisation.” The 13 measures are listed below:…

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24 Nov

Cedi Depreciated By 53.8% In 2022 – Ofori-Atta

wontumionlineBusiness2023 Budget statement, CEDI DEPRECIATION, Ofori Atta

Finance Minister, Ken Ofori-Atta has said Ghana’s currency lost its value against the major trading currencies by 53.8% since the beginning of 2022. This, he said is against the average 7% annual depreciation between 2017-2021. Presenting the 2023 Budget in Parliament on Thursday, the Minister said the uncontrolled demand for imports and foreign exchange accounted for the reduction in value of the cedi. “The demand for foreign exchange to support our unbridled demand for imports undermines and weakens the value of the cedi. This contributed to the depreciation of the Cedi which has lost about 53.8% of its value since…

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