Ghana’s Domestic Debt Exchange: No haircut on treasury bills, principal bonds – Government. According to government announcements, there will be no “haircut” on the bond principle, and holders of government bonds will get their entire investment at maturity. Following the country’s debt restructuring agreement with the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said … Read more
I have started processes to get Akufo-Addo impeached. Murtala Mohammed, a member of parliament (MP) representing Tamale Central, has disclosed his intentions to start the impeachment proceedings against President Akufo-Addo. This week, some 80 New Patriotic Party (NPP) MPs urged that Finance Minister Ken Ofori Atta be fired because to the current financial difficulties. If … Read more
Here is the list of MPs who signed the motion to remove Ken Ofori Atta, Ghana’s finance minister. Due to recent increases in inflation and the depreciation of the cedi against the US dollar, the public has increased pressure on the government, particularly the finance minister, the vice president, and the president of the country. … Read more
Sack Ken Ofori-Atta and Adu Boahen – NPP MPs tell Akufo-Addo Some Members of Parliament who are part of the Majority Caucus are calling for the dismissal of the Finance Minister, Ken Ofori-Atta, and the Minister of State at the Finance Ministry, Charles Adu Boahen. This follows the nation’s current economic challenges. If the President … Read more
Dear Ken Ofori-Atta…..A Letter from Nana Aba Anamoah to the Finance Minister. She addresses the letter to Ken Ofori-Atta, the minister of finance, as “Citizen Nana Aba Anamoah.” Nana Aba Anamoah has clearly outlined the numerous conditions the Akufo-Addo led administration has forced Ghanaians to live with in this struggling economy. She sternly warned the … Read more
1 Dollar breaks ¢11 mark; forex bureaus sell a dollar for ¢11.30. The Ghana cedi’s problems worsened, with the retail exchange rate standing at ¢11.30 to the dollar. It recently crossed the 11-to-1 threshold, which occurred on Saturday, October 8, 2022. According to Joy Business’s inspections of a few forex offices in Accra, the nation’s … Read more
Prof. Quartey tells the government: “Taxing the poor will lead to agitation; tax the rich through property rates.” Professor Peter Quartey, Director of the University of Ghana’s Institute of Statistical, Social, and Economic Research (ISSER), has advised the government to focus on property rate payments as a source of domestic revenue. As a means … Read more