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finance committee of parliament

POLITICS

Nobody Should Blame The President Again. Blame Parliament For What Is Going On- Bagbin Speaks

Today, the Finance Committee of Parliament presented a motion to Parliament which called on members to approve or give the government permission to borrow 75 Million Euros from the European Investment Bank in order for them to handle COVID-19 in the country. The motion was moved and seconded but some members of the minority stated that they will not support this motion.

  4 months ago ago
Nobody Should Blame The President Again. Blame Parliament For What Is Going On- Bagbin Speaks

ECONOMY-FINANCE

Where is the robust economy? If Ghana has to borrow money to pay salaries

The nation is definitely not tracking on a good path because of the current economic conditions of the country. Just yesterday, the Chairman of the Finance Committee of Parliament, Kofi Koranteng, has revealed that the reason why government needed that $1 billion loan urgently was to aid the government to pay salaries and debt servicing.

  2 months ago ago
Where is the robust economy? If Ghana has to borrow money to pay salaries

ECONOMY-FINANCE

Government's request for a $1 billion loan is postponed by the Finance Committee.

The government's proposal for the Finance Committee of Parliament to approve a $1 billion credit arrangement has been postponed. In order to finance Capital and Growth-related expenditures in the 2022 budget, the Finance Ministry is asking Parliament's permission for a 750 million loan facility agreement between AfreximBank and a 250 million loan agreement from a syndication of banks.

  2 months ago ago
Government's request for a $1 billion loan is postponed by the Finance Committee.

ECONOMY-FINANCE

A Recent Report By The Finance Committee Of Parliament Reveals Ghana's Precarious Monetary State

A recent report by the Finance Committee of Parliament has revealed the precarious state of the country’s finances. According to the report of the Finance Committee on the Loan Facility Agreement between the government of Ghana and the AfreximBank for a loan of up to $750 million, the country would have gone bankrupt without the approval of this loan amount.

  2 months ago ago
A Recent Report By The Finance Committee Of Parliament Reveals Ghana's Precarious Monetary State

POLITICS

We Are Tired Of The Verbal Attacks – MPs Unanimously Reject Car Loans Arrangement

There were so much dissenting views from Ghanaians after it was revealed that the government sought to give loans to MPs to acquire cars of their own. Many Ghanaians felt the economic condition of the country was not ripe for loans to be given to the MPs to buy cars.

  1 year ago ago
We Are Tired Of The Verbal Attacks – MPs Unanimously Reject Car Loans Arrangement

ECONOMY-FINANCE

IMF Will Not Scrape E-levy - Chairman Of Finance Committee Of Parliament

The Chairman of the Finance Committee of Parliament, Kweku Kwarteng said the government's decision to go to the IMF for a bailout does not mean that the E-levy will be scrapped. He stated that the IMF may come and state that the E-levy is not enough to generate revenue and this may lead to the intake of more revenue measures.

  2 months ago ago
IMF Will Not Scrape E-levy - Chairman Of Finance Committee Of Parliament

ECONOMY-FINANCE

BoG Has Printed ¢22b Without Parliamentary Endorsement - Dr Ato Forson Affirms

Former Deputy Finance Minister, Dr. Cassiel Ato Forson has blamed the public authority for empowering the Bank of Ghana to print a measure of GH¢22 billion without Parliamentary endorsement. As per him, the new cash notes were printed among January and June 2022. The data, as indicated by Dr Forson, is concealed on page 97 of Appendix 2a of the Mid-year spending plan under the segment on Bank of Ghana.

  2 months ago ago
BoG Has Printed ¢22b Without Parliamentary Endorsement - Dr Ato Forson Affirms

ECONOMY-FINANCE

"We Will Stand By Ghanaians In Opposing The Momo Tax.” Minority Assures Ghanaians

Kindly tap on the +Follow to get access to all my latest news in Ghana The Minority in Parliament has pledged to avoid the government's opinion to inflict a 1.75 percentage of levy on all electronic transactions including MOMO. The 1.75 percent levy will be inflicted on transactions enclosing mobile money payments, bank transfers, merchant payments, and internal remittances.

  10 months ago ago

POLITICS

Parliament To Begin Debate On 2022 Budget On November 23rd, 2021.

The Minister for Finance, Ken Ofori Atta has on Wednesday, 18th November 2021 announced new measures to finance government revenue and to enrich job creation in the year 2022. It is indicated in the budget that the government intends to raise revenue through the imposition of a 1.75 percent levy on all electronic transactions.

  10 months ago ago
Parliament To Begin Debate On 2022 Budget On November 23rd, 2021.

POLITICS

NPP, NDC MPs Move To Secure Gh¢166million Car Loans, Gh¢593K Maintenance Allowance.

Members of Parliament from the opposition parties have joined forces with MPs of the ruling party to mount a spirited defence of their right to enjoy Gh¢166,014,523.71 (US$28million) car loan facility and another Gh¢592,904.00 (US$100,000) as maintenance allowance. This loan is to be facilitated by the ministry of finance and has already been presented before the house by the Ministry of Finance for approval.

  1 year ago ago
NPP, NDC MPs Move To Secure Gh¢166million Car Loans, Gh¢593K Maintenance Allowance.