Economy In Crisis, Gov’t Confesses
Contrary to government’s denial of a weakening economy, Business Finder can confirm that the same government has admitted difficult economic times to the International Monetary Fund (IMF). A letter...
Tag: Seth Terkper
Terkper Presents 2017 1Q Budget Today
The Minister of Finance, Seth Terkper, is expected in Parliament today, October 20, 2016 to present an advanced budget covering government spending for the first quarter of 2017. The move has become...
Government Must Declare Unplanned Expenditure In 2017 Budget
As the Finance Minister prepares to present a first quarter 2017 budget to parliament on Thursday, Economist Dr. Ebo Turkson has urged the government to clearly demonstrate how it intends to finance...
Terkper To Present Advance Budget To Parliament
The Minister of Finance, Seth Terkper, is expected to present to parliament on Thursday an advanced budget covering government spending from January to March 2017. This practice is in accordance with...
We Haven’t Overspent 2016 Budget – Mahama
President John Mahama says he is happy that his government has not overspent its 2016 budget in spite of pressures from various sectors to spend more on projects not budgeted for. According to him,...
Terkper Presents 2017 Budget Thursday
The minister of Finance, Mr Seth Terkper, is scheduled to present the Expenditure in Advance of Appropriation and the Estimates of the Revenues and Expenditure of the government for the 2017...
Terkper Presents 2017 Estimate Expenditure To Parliament
The Minister of Finance, Mr. Seth Terkper, will next week present to Parliament the "Expenditure in Advance of the Appropriation, January to March 2017. The Minister is also expected to update the...
Ghana’s Credit Rating Still B Negative
Dr Mahamadu Bawumia, an economist, has challenged recent assertions by President John Mahama and Finance Minister Seth Terkper that international ratings agency Moody’s upgraded Ghana recently. The...
Govt Raises $96.4m From First Local Dollar Denominated Bond
Government has raised a total of 96.4 million dollars in its first local dollar denominated bond at a rate of 6.0 percent. Total bids were 99.6 million dollars but government accepted 96.4 million...
Ghana’s Debt To GDP To Hit 70% Mark – Economist
Ghana’s debt to GDP ratio could hit the 70 percent threshold if the base rate for calculating the figure, is adjusted to reflect current growth targets. This is the indication from economist, Dr....
Elections Pose No Major Risks But IMF Thinks Otherwise
The December 7 elections do not pose any major risks to Ghana’s economic rebalancing or its ability to implement the economic stabilisation and reform programme backed by the International Monetary...
Vilified Yet Effective
In an election year, many expected Ghana’s economy to completely wither; past events have shown that the power and extravagance of the incumbent tend to impose difficulties on the economy in an...
Power Firms In GH¢19bn Maze of Debt
Government’s efforts to address the debt position of four key state-owned enterprises in the energy sector has left the International Monetary Fund (IMF) flummoxed as to how the debt restructuring...
IMF Hopeful Ghana Will Return To Economic Prosperity
The International Monetary Fund (IMF) is hopeful about Ghana’s return to economic prosperity as the government maintains strict fiscal discipline ahead of the presidential and parliamentary...
Debt, Spending Spree Worsening
With two months to the December general elections in Ghana, analysts and development partners have expressed concerns about Ghana’s worsening debt situation as well as government’s spending...
Ghana Still A High Risk of Debt Distress Economy – IMF
The International Monetary Fund (IMF) has warned that Ghana is still a high risk of debt distress economy. Head of the IMF mission to Ghana Joel Bernante gave the warning in an interaction with...
Eurobonds Have Come To Stay – Terkper
Finance Minister, Seth Terkper, has stated that the decision to raise capital through the issuance of international bonds, otherwise known as Eurobond, has become a mainstay in Ghana’s borrowing...
BoG Announces Plans To Give Out Shares In NIB and ADB
The Bank of Ghana (BoG) has announced plans to renounce its ownership of two banks in the country. Currently, the BoG, holds 44.06 and 48.17 per cent shares in National Investment Bank (NIB) and...
NDC Can’t Respond To My 170 ‘facts’ – Bawumia
Running Mate to the flagnbearer of the opposition New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has stated that it is clear the National Democratic Congress (NDC) cannot respond to what he calls...
IMF Review Approval Endorses Ghana’s Turnaround Story – Terkper
Finance Minister Seth Terkper has stated that the International Monetary Fund (IMF)’s approval of Ghana’s third review under the Fund’s Extended Credit Facility (ECF) reinforces Ghana’s...