The government is to use the open and competitive bidding process for oil blocks in the country to ensure that only companies with the requisite capacity and financial clout can participate in the upstream sector.
The Professional and Managerial Staff Union (PMSU) of the Agricultural Development Bank (ADB) have expressed their opposition to the proposed merger between the Bank and the National Investment Bank (NIB).
In a bid to consolidate the gains that have been made under the International Monetary Fund (IMF) programme, the Finance Minister, Mr Ken Ofori-Atta, has revealed plans to back the reforms with legal and institutional measures to ensure the irreversibility of the gains made so far.
A parent who has a child in a boarding senior high school (SHS) in Ghana is expected to save nearly GH¢6,045 over a three-year period under the free SHS (FSHS) programme, the Finance Minister, Mr Ken Ofori-Atta has said.
A renowned economist, Professor John Gartchie Gatsi, has said the implementation of the 2019 budget was a test case for the government to maintain a moderate and a disciplined posture in the face of gains made after the rebasing of the Gross Domestic Product (GDP) and exiting the International Monetary Fund (IMF) programme.
Participants and speakers at the 4th Africa Oil Governance Summit have made a strong case for African governments to establish a balance between local content targets in the oil and gas sector and the growth of other sectors in the economy.
The Chairman of the Council of State, Nana Otuo Siriboe II, has lauded the government’s commitment to consolidate gains made over the last two years with prudent policies and programmes that will enable the private sector to thrive and help create jobs in the country.
The government is to release about GH¢2 billion between this year and early 2019 to settle outstanding arrears owed contractors, mostly in the road sector, the Minister of Finance, Mr Ken Ofori-Atta, has said.