Tag Archives: GhBudget

NPP’s ‘Special Economic Transformation Program’ to kick off in 2018

The government has announced a special initiative called the “Akufo-Addo Program for Economic Transformation (AAPET)”, as a major intervention for job creation, infrastructure development and accelerated investment in Agriculture. AAPET will envelope two already-existing special initiatives being implemented by the Akufo-Addo administration; the Planting for Food and Jobs and One-District-One Factory. The Finance Minister, Ken Ofori Atta, delivering the budget statement in Parliament, explained ...

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2018 budget

      By: Godwin Akweiteh Allotey/citifmonline.com/Ghana Follow @AlloteyGodwin

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#Ghbudget: Gov’t to launch National Development Bank

The Finance Minister, Ken Ofori-Atta, has announced that government will launch a National Development Bank, with the capacity to mobilize private capital towards agricultural and industrial transformation. According to him, Government has already set-up a task force to develop a road-map for the establishment of the bank. Mr. Ofori-Atta made the announcement during the presentation of the 2018 budget statement ...

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#Ghbudget: Minimum wage tax scrapped, Special Import Levy stays

The Akufo-Addo administration has announced the implementation of a tax threshold to protect workers on minimum wage as part of its major tax reforms in the 2018 budget. This means income tax for minimum wage earners has essentially been abolished. The government has long served notice of its intent to lessen taxation, and the relief being offered to workers on minimum wage ...

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#Ghbudget: Gov’t budgets GH¢62bn for 2018

Government expects to spend an estimated 62 billion cedis in the 2018 financial year, Finance Minister Ken Ofori-Atta has revealed. This is equivalent to 25.7 percent of the country’s Gross Domestic Product (GDP), and represents an annual growth of 14.5 percent. The Finance Minister made the announcement today, Wednesday, November 15, 2017, in parliament during the national budget presentation. According ...

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#Ghbudget: Electricity tariffs to be reduced by 13%

The Finance Minister, Ken Ofori-Atta, has proposed an average reduction of 13 percent in electricity tariffs for residential consumers of electricity. Consumers in the non-residential category will also see a 13 percent drop in tariffs. The high electricity tariffs were a major part of the New Patriotic Party (NPP)’s campaign ahead of the 2016 elections, with many of the party’s communicators claiming ...

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#Ghbudget: Special initiative, NBC, to employ 100,000 graduates

The Akufo-Addo administration has introduced a special initiative targeted at jobless graduates called the Nation Builders Corps (NBC). In the 2018 Budget address, under the theme, “From Stabilization to Work; Putting Ghana to Work Again”, the Finance Minister, Ken Ofori-Atta, said 100,000 tertiary graduates will be employed under the NBC in 2018. Every one of Ghana’s 216 districts should be able ...

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#GhBudget: Over 3,000 employed under Planting for Food & Jobs

Over 3,000 young people have been employed under government’s Planting for Food and Jobs programme which was launched in January 2017. The Minister of Finance , Ken Ofori-Atta, who made this known whiles presenting the 2018 Budget and Policy statement in Parliament today , [Wednesday], indicated that a total of 2,160 university graduates and 1,070 youth were employed under the ...

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#Ghbudget: Gov’t targets 6.8% growth rate in 2018

The Finance Minister Ken Ofori-Atta has announced that government intends to grow the economy by 6.8 percent in 2018. This represents a 0.5 percent increase, compared to 2017 which was pegged at 6.3 percent. Presenting the 2018 Budget and Financial Statement in parliament today, Monday, November 15, 2017, Finance Minister, Ken Ofori-Atta, stated that government targets “overall GDP growth rate ...

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#Ghbudget: 2018 budget delivery underway in parliament

Finance Minister, Ken Ofori Atta, is on the floor of Parliament, presenting the government’s 2018 budget to lawmakers. The budget is the second to be read by Akufo-Addo administration since it took over the administration of the country in January 2017. The budget is expected to focus on about 10 key areas including infrastructure, macroeconomic stability, job creation, agriculture, entrepreneurship, ...

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