Embattled Finance Minister Ken Ofori-Atta 65 was removed by President Nana Addo Dankwa Akufo-Addo on 14 February in a reshuffle involving another 11 ministers and 10 deputy ministers...
Following the IMF's latest vote of confidence the President Finance Minister Ken Ofori-Atta and central bank governor Ernest Addison can now count on an additional $550m in World Bank financing including $300m in 'Development Policy Operation' (DPO) budget support funds to be followed – in the absence of adverse developments – by $600m in two DPO 'operations'...
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On 11 January Ghana's finance minister Ken Ofori-Atta told journalists in Accra that the government was reviewing a draft term sheet from the creditors whose scope was sufficient to meet the IMF's concerns about state finances...
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4 billion of debt is a political win for Finance Minister Ken Ofori-Atta and for his New Patriotic Party's hopes of staying in power after December's elections (AC Vol 65 No 1 The economy will tilt the election)...
The NDC is likely to oppose tax waivers proposed in the 2024 budget by Finance Minister Ken Ofori-Atta (AC Vol 64 No 25 Questions on electioneering budget)...
9bn cedis representing a 31% increase according to the 2024 budget statement presented by Finance Minister Ken Ofori-Atta...
Finance Minister Ken Ofori-Atta who presented the budget to Parliament on 15 November insisted that the government's fiscal consolidation is on track that it has 'turned the corner' on inflation and the currency and that the quantitative targets set by the $3bn International Monetary Fund (IMF) Extended Credit Facility (ECF) have all been met...
Despite Finance Minister Ken Ofori-Atta's October claims that 'agreement-in-principle' with Ghana's external bondholders could be reached by year-end definitive agreement with these bondholders is not expected until well into 2024...
Amidu accused the government of violating procurement laws and singled out Finance Minister Ken Ofori-Atta for conflicts of interest in the affair (AC Vol 61 No 23 Anti-corruption boss 'no poodle')...
The IMF approval of a US$3 billion bailout to support Ghana's ailing economy is being held up as a victory by the governing New Patriotic Party (NPP) but it is also an embarrassing U-turn especially for Finance Minister Ken Ofori-Atta...
Should Ghana also receive the over $500m in 2023 World Bank budget and balance-of-payments support (with a further billion or so by 2026) that the ECF programme assumes along with concessional and commercial financing from other sources triggered by the IMF's seal of approval embattled Finance Minister Ken Ofori-Atta can welcome a significant reduction to Ghana's short and medium-term financing gap at a time Accra remains unable to access international bond markets...
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