Free Electricity For Lifeline Customers Starts Today – ECG

The Electricity Company of Ghana (ECG) says the government’s electricity relief for lifeline customers as part of efforts to cushion Ghanaians against the hardship brought on by the Coronavirus pandemic starts today, August 1, 2020. Read: Ghanaians To Enjoy Another 3 Months Of Free Water And Electricity – Finance Minister According to a press statement … Read more

Government Has Reduced Communication Tax From 9% To 5%

Government has reduced the Communication Service Tax (CST) from 9% percent to 5% percent. This is to last for six months, according to the Minister of Finance, Ken Ofori-Atta. The Finance Minister said this on Thursday, July 23, 2020, when he presented the mid-year budget review in Parliament. “In the short term, we will reduce … Read more

COVID-19: Government announces GHS 10.3m package for ‘infected’ health personnel

Government has provided a life insurance package worth GH¢10.3 million for health personnel at the forefront of Ghana’s fight against the novel Coronavirus disease in the country. Health personnel expected to benefit from this package include persons involved in surveillance and case management, as well as other health personnel who get infected in the line … Read more

Ghana loses GHS 9.5bn to Coronavirus outbreak – Finance Minister

The Finance Minister on Monday announced that Ghana may lose abouth GHS9.5 billion in the fight against the COVID-19 pandemic, a situation that may move the 2020 budget deficit to over 7 percent. This will be 2.5 percent of Ghana’s revised GDP. “Speaker, the total estimated fiscal impact from the shortfall in petroleum receipts, shortfall … Read more

July’s budget will realign economy to global COVID-19 impact – Finance Minister

The Minister of Finance, Ken Ofori-Atta is hopeful that the new budget to be presented in Parliament in July 2020, will reposition Ghana’s economy to meet the global impact of the COVID-19 outbreak. He says discussions are already underway among Finance Ministers in Africa to find mechanisms to restore the gains achieved in the face … Read more

New ¢100, ¢200 notes cost $8.9m to print – Finance Minister

The Finance Minister has told Parliament that $8.9 million was spent to print the new ¢100 and ¢200 notes. Responding to questions on the Floor of Parliament on Tuesday, Ken Ofori-Atta said $5.39 million has already been paid. “Information obtained from the Bank of Ghana (BoG) shows that the cost of printing the ¢100 and … Read more