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Nana Addo

Cabinet retreat on COVID-19 begins

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President Nana Addo Dankwa Akufo-Addo and his cabinet have began a three-day retreat to examine the impact and the implications of the Coronavirus...
court

Supreme Court throws out suit against Finance Minister

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The Supreme Court on Tuesday dismissed the $2.25 billion bond suit against Mr Ken Ofori Atta, Minister of Finance, saying it was without merit. ...
Professor Peter Quartey

Lifting of lockdown will save our economy from recession-Prof.Quartey

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The Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, says President Akufo-Addo's decision to...
Growth was uneven across eurozone countries, with Germany "robust" and France losing ground ?

France expects deeper recession as coronavirus lockdown prolonged

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France has further lowered its 2020 economic forecast to a contraction of eight percent, from an earlier prediction of six-percent contraction, and would broaden...
Finance Minister Ken Ofori-Atta

Finance Minister requests parliamentary approval to access Contingency Fund

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Finance Minister, Ken Ofori-Atta has requested Parliament to grant the Government approval to access an amount of GHC1.250 billion from the Contingency Fund to...
Greece

Greece plans to tap bond markets for covering financial needs

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Greece is considering to tap the bond markets in the next couple of months to cover its financing needs, Finance Minister Christos Staikouras said...
Finance Minister Ken Ofori-Atta

Ghana projects US$1.6 billion preliminary cost of COVID-19

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In its preliminary impact assessment, Ghana anticipates incurring a total cost of 9.5 billion Ghana cedis (1.64 billion U.S dollars) as a result of...
Ken Ofori-Atta, Minister of Finance

Government to utilize US$200 million from stabilization fund

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Finance Minister, Ken Ofori-Atta has revealed that government intends to lower the cap on the Ghana Stabilization Fund (GSF) from the current US$300 million...
Finance Minister Ken Ofori-Atta

Finance Minister updates Parliament on impact of coronavirus on economy

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The Minister of Finance, Mr Ken Ofori-Atta, said preliminary analysis by the Ministry shows that the Coronavirus pandemic would impact negatively on the country’s...
gambia

Gambia set to lose close to US$19.7 million in revenue due to COVID-19

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The finance minister of the Gambia, Mambury Njie, told the National Assembly on Monday the West African country could lose close to 1 billion...
banks

Ten government-owned banks in India to be merged into 4

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The process of merging as many as 10 public sector banks (PSBs), or government-owned banks, into four is on its course, and will come...
South African rand

Plans to reduce public wage bill applauded

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South African economists welcomed Finance Minister Tito Mboweni's plans to reduce the public wage bill by over 150 billion in the next three years,...
South African rand

South African finance minister expects economic boost

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The South African economy should get a boost in the next 18 months with a number of jump-starts, Finance Minister Tito Mboweni said on...
South Africa

South African finance minister announces formation of sovereign wealth fund

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Finance Minister Tito Mboweni on Wednesday announced the formation of the South African Sovereign Wealth Fund, which will serve as a counter-cyclical fiscal tool. ...
FILE PHOTO: Men walk past electricity pylons as they return from work in Orlando, Soweto township, South Africa March 18, 2019. REUTERS/Siphiwe Sibeko/File Photo

Stable electricity supply holds key to South Africa’s economic growth

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A stable supply of electricity will be the number one task for the South African government, Finance Minister Tito Mboweni said on Wednesday, amid...

Namibia to phase out Export Processing Zone

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Namibia will soon phase out the Export Processing Zone (EPZ) and replace it with the Special Economic Zone (SEZ), Finance Minister Calle Schlettwein said...

Global markets oversubscribe Ghana’s US$3bn Eurobond sale

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Global Capital markets have given a vote of confidence in the Ghanaian economy - over-subscribing its US$3 billion Eurobond sale by five times...

Finance Minister inspects renovation works on TUC building

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The Minister of Finance, Mr Ken Ofori-Atta, on Thursday inspected ongoing repair works on the Ghana Trades Union Congress (TUC) building, which has...
Finance Minister Ken Ofori-Atta

Gov’t will embrace impact investment approach to achieve SDGs

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Government will embrace impact investment approach, which is expected to hit US$37 billion by the end of this year towards achieving the Sustainable Development...
Bank Of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin

Minority to haul Finance Minister, BoG Governor over new currency notes

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The Minority Caucus in Parliament on Wednesday served notice to haul Finance Minster Ken Ofori-Atta, and the Governor of the Bank of Ghana...
NURSES

Scrap Nursing, Teacher trainee allowances -CSOs to gov’t

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Some Civil Society Organisations, operating in the education and health sectors is calling to government to cancel the Nursing, and Teacher trainee allowances. According to...
Akufo Addo

President Akufo-Addo is performing admirably – Carlos Ahenkorah

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The Member of Parliament for Tema West, Carlos Kingsley Ahenkorah, has stated that the 2020 Budget fulfills another noteworthy campaign promise of President Nana...
Ken Ofori-Atta, Minister of Finance

Ghana to maintain stable political and economic climate in election year 2020 – Ofori-Atta

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The government of Ghana is determined to maintain a stable political and economic climate during the election year of 2020, Minister for Finance Kenneth...
Ken Ofori Atta

Ghana receives largest financial support for technical education expansion

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Government has begun the expansion and upgrading of 10 Technical Universities/Polytechnics and 13 Technical Institutes with state-of-the art training workshops and laboratories to...
Mrs Ursula Owusu-Ekuful

Let telecos pay taxes on mobile money transaction fees

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Let telecos pay taxes on mobile money transaction fees Mrs Ursula Owusu-Ekuful, the Communications Minister on Thursday implored the Finance Minister and the Ghana...

Chamber of Commerce welcomes establishment of National Development Bank

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The Ghana National Chamber of Commerce and Industry (GNCCI) has commended government's decision to establish the National Development Bank to help provide lending...
Ken Ofori Atta

Gov’t to use GHC85.9 billion as Total Expenditure for 2020

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Government has proposed to use GH¢85.9 billion as Total Expenditure for the 2020 fiscal year, which is 21.6 per cent of Gross Domestic Product...
Ken Ofori Atta

Government needs GH₵800 million initial capitalisation for the Ghana Amalgamated Trust

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Mr. Ken Ofori- Atta, the Finance Minister, on Wednesday, urged Parliament to approve an amount of GHS800 million initial capitalisation of Ghana Amalgamated...
Ken Ofori Atta

Government flagship programmes have recorded successes – Ken Ofori Atta

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Mr Ken Ofori-Atta, the Minister of Finance, has said the various flagship programmes introduced by the government are recording successes across sectors of...
Ken Ofori Atta

NIB to focus on promoting industrialisation – Ken Ofori Atta

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The government is putting in place strategies to make the state-owned National Investment Bank (NIB) a specialised and an industrialisation - driven bank...