The Ghana Revenue Authority (GRA) has revealed that the government will settle a GH¢95 million judgment debt to West Blue Consulting, an Information Technology consultancy firm, following the termination of its contract. This was disclosed by the GRA’s Commissioner General, Julie Essiam, during a public hearing of Parliament’s Public Accounts […]

A growing debt crisis is threatening the economic stability of low-income countries, with many struggling to meet their debt obligations amidst soaring interest payments and high debt redemptions. The economic fallout from the pandemic, conflicts, and rising global interest rates has hit these countries the hardest, with the median low-income […]

Former Minister of Environment, Science, Technology, and Innovation, Prof. Kwabena Frimpong-Boateng, has refuted claims that he failed in his role as chair of the Inter-Ministerial Committee on Illegal Mining (IMCIM) despite the persistence of illegal mining activities. Addressing concerns on JoyNews’ “The Pulse” on July 24, Prof.Frimpong-Boateng argued that the perception of his failure stemmed from […]

Ghana’s total debt stock has surged to a provisional GH¢742 billion (US$50.9 billion) as of June this year, representing a staggering 70.6% of the country’s Gross Domestic Product (GDP). This was revealed by Finance Minister Dr. Mohammed Amin Adam during the 2024 mid-year budget review in parliament on Tuesday. The […]

The Ministry of Finance has announced that the Mid-Year Fiscal Policy Review will be presented to Parliament today, Tuesday, July 23, 2024. According to a statement issued by the Public Relations Unit of the Ministry, the review will provide an update on the implementation of the 2024 Budget, including insights […]