Ghana's Finance Minister Ken Ofori-Atta has promised to cut public debt from over 100% of gross domestic product to 55% within three years and cut the proportion of revenue spent on debt service from over 60% to 30% in the same period...
Finance minister Ken Ofori-Atta who is opposed by rebels in his own party wants to speed up the IMF's $3 billion bailout but he is struggling to convince foreign and local creditors to accept the government's restructuring offer (AC Vol 64 No 1 Ructions over debt deal hold up IMF bailout)...
The speed at which the IMF and finance minister Ken Ofori-Atta's treasury team agreed a provisional deal for a US$3 billion bailout in mid-December after intensive talks and number-crunching points to the depth of the financial crisis in Ghana and the risk of contagion in what was one of the region's strongest and more diversified economies...
Finance minister Ken Ofori-Atta wants to prioritise negotiations with the domestic creditors whose predicament could unleash more chaos...
ACCRA'S ECONOMIC TRIUMVIRATE UNDER PRESSURE Of the three men running Ghana's economy finance minister and former investment banker Ken Ofori-Atta is blamed most for the latest meltdown but the other two – Vice-President Mahamudu Bawumia and Bank of Ghana governor Ernest Addison – are being pushed into the frame by politicians across party lines and civic activists as they intensify attacks on the government (AC Vol 63 No 22 Economic woes hit Akufo-Addo on all sides)...
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All this destabilises the government's economic management team: with Adu-Boahen sacked and tough questions facing Vice-President Bawumia who coordinates economic policy and finance minister Ken Ofori-Atta being probed by Parliament this week...
Before this latest scandal President Akufo-Addo and some ruling party loyalists had been helping finance minister Ken Ofori-Atta fight off the latest attempt to unseat him as many blame him for roaring inflation and the crashing cedi...
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The sacking of Minister of State for Finance Charles Adu Boahen on 14 November briefly moved the spotlight from the substantive Minister of Finance Ken Ofori-Atta who has been answering questions in parliament about claims of corruption and mismanagement in the Treasury...
' He made no reference to multiple calls to sack Finance Minister Ken Ofori-Atta...
But the talks are dragging on despite the government's team of experienced bankers led by finance minister Ken Ofori-Atta...
In 2019 Finance Minister Ken Ofori-Atta put the estimated cost at US$100 million...
One faction led by Finance Minister Ken Ofori-Atta was resolutely opposed to turning to the IMF but the majority resigned itself to the 'least bad option' after policy choices narrowed sharply (AC Vol 63 No 4 Ofori-Atta bets on the E-Levy rejects IMF)...
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Also concerning is Finance Minister Ken Ofori-Atta's disclosure to senior union and employers' representatives during a 'national labour conference' earlier this year that in 2021 the sum of interest payments salaries and compensation and required 'statutory funds' contributions amounted to 144% of total tax revenues...
Fuel price ‘mitigation measures' previously announced by Finance Minister Ken Ofori-Atta pale in comparison with the massive rise in ex-pump petrol and diesel prices since January...
