After years of economic turbulence marked by ballooning debt, cedi depreciation, and waning investor confidence, Ghana is finally witnessing a refreshing reset under the stewardship of the Governor of the Bank of Ghana and the current Finance Minister, Hon. Ato Forson. The duo has not only brought technical clarity toContinue Reading
President Mahama’s nominee for Finance Minister, Dr. Cassiel Ato Forson, has pledged to reduce Ghana’s inflation to single digits through robust fiscal measures, particularly by controlling government expenditure. Speaking during his vetting on January 13, Dr. Forson outlined a series of proposals aimed at stabilizing the economy, including cutting unnecessaryContinue Reading
All members of statutory boards, corporations, commissions, and councils appointed by former President Nana Akufo-Addo and Ministers in his administration have been reminded they no longer hold office. This reminder, detailed in a press statement issued by the Presidency on Monday, January 13, 2025, follows provisions of the Presidential (Transition)Continue Reading
The Peasant Farmers Association of Ghana (PFAG) has urged President John Dramani Mahama to appoint a youthful and experienced Minister for Food and Agriculture. The group stated that the nominee should have a strong agricultural background and the expertise to tackle the challenges in the sector. In a statement congratulatingContinue Reading
The Association of Ghana Industries (AGI) has urged President Mahama’s new government to promptly honor its commitment to streamline Ghana’s tax system. The association believes this would provide much-needed relief to struggling businesses. Highlighting the challenges faced by manufacturers, AGI noted that growth in the sector has been stifled byContinue Reading
Ghana’s sports sector will now be under the supervision of the Ministry of Sports and Recreation, as part of an institutional restructure by government. In exercise of the president’s powers under section 11 (3) of the Civil Service Act, 1993 (P.N.D. Law 327), John Dramani Mahama’s decision effectively ends theContinue Reading
The new Mahama government could seek extra funding from the International Monetary Fund (IMF) during its current, three-year programme with the lender to cushion the economy. This was disclosed by the Finance Minister-designate, Dr Cassiel Ato Forson, on Thursday. President John Mahama, who was sworn into office this week after beating theContinue Reading
President John Mahama has issued an Executive Instrument to restructure and establish new ministries within the Civil Service. The Civil Service (Ministries) Instrument, 2025 was signed on January 9, 2025, under the authority granted by section 11(3) of the Civil Service Act, 1993 (P.N.D.C.L. 327). The instrument outlined the establishmentContinue Reading
President Nana Addo Dankwa Akufo-Addo has challenged the incoming Mahama administration to achieve the debt-to-GDP ratio of 55% by the end of its tenure. According to the outgoing President, achieving this target would demonstrate Ghana’s commitment to fiscal responsibility and provide a solid foundation for economic growth. Ghana is workingContinue Reading