[ad_1] Independent power producer, Sunon Asogli Power (Ghana) Limited, has said it has suspended for one more week the decision to shut down its plant. The company on Monday evening announced an indefinite shutdown of its 560 Megawatts power plant due to the outstanding debt owed it by the Electricity Company of Ghana (ECG). A…
[ad_1] The Ghana Microfinance Institutions Network (GHAMFIN), together with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), has set up a Climate Finance Knowledge Hub (CFKH) to solicit innovative ideas needed to finance green projects in order to protect the climate. The Climate Finance Knowledge hub launch event took place in Accra under the theme “Climate…
[ad_1] Aggrieved customers of the defunct Gold Coast Fund Management have begun their 32-hour picketing at the Ministry of Finance, demanding their locked-up funds. The group, numbering about 100, is seeking to put pressure on the government to address their concerns. Speaking to Citi News, some of the aggrieved customers explained the need for the…
[ad_1] Finance Minister Ken Ofori-Atta has given assurance that the La General Hospital Project, which had been stalled, will resume construction next week. He disclosed that the terms with the contractor have been successfully renegotiated, and funding for the project will now be sourced from the national budget. The minister emphasized that the contractor has…
[ad_1] Finance Minister, Ken Ofori-Atta has disclosed that government is yet to reflect the funding support from the IMF and the World Bank as well as the Cocoa syndicated loans of about $2 billion in its Gross International Reserves. “We are yet to reflect IMF/WB and Cocoa syndication of approximately $2 billion by year-end”, Ken…
[ad_1] On Friday, November 10, 2023, the Ministry of Finance issued a rejoinder to our publication on a missed timeline for the disbursement of the second tranche of the $3 billion IMF support for Ghana. We publish the Ministry’s rejoinder in full below. Our observation is also published beneath this rejoinder. RE: FALSE PUBLICATION BY…
[ad_1] In response to the recent dam spillage at the Akosombo and Kpong dams, which resulted in the displacement of over 31,000 individuals, the Finance Minister, Ken Ofori-Atta has presented GHC2 million to support the relief efforts for the affected flood victims. The Finance Ministry also donated an additional GHC50,000 towards the same cause….
[ad_1] Customers of the collapsed Gold Coast Fund Management Company spent the night at the entrance of the Finance Ministry to press home their demand for the release of their locked-up funds. According to the group an amount of GH¢8.6 billion which was approved by Parliament to settle its members, has not yet been given…
[ad_1] Former Auditor General, Daniel Domelevo has joined calls for the removal of the Finance Minister, Ken Ofori-Atta and the governor of the Bank of Ghana (BoG), Ernest Addison from their post. Mr Domelovo insisted that they leave office to restore confidence in the economy of Ghana. “The Minister of Finance, he should go. The…
[ad_1] The National Democratic Congress (NDC) has announced that it will be organizing protests and occupying government buildings to express their dissatisfaction with the ten percent betting tax being implemented by the New Patriotic Party (NPP) government. The NDC youth wing believes that this taxation policy is burdensome and primarily targets the country’s youth…
