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According to the Minister over, 12 million Ghanaians have so far linked their Ghana Cards to their SIM Cards, against almost 16 million Ghanaians who have received their Ghana card as reported by the National Identification Authority.

The local currency has depreciated by about 18.89% to the dollar on the interbank market and 26% on the retail market.

US$186.3 million was however secured from corporate tax paid by the oil producing companies including Tullow, Kosmos and Petro Sa and US$992.3 million was obtained from surface rental and interest from the Petroleum Holding Fund

The NDC remains committed to Ghana’s democracy and the promotion of the Rule of Law. Accordingly, we shall endeavor at all times, in line with our social democratic ethos, to ensure that the justice system performs the role assigned to it by the 1992 Constitution by serving the interest of all Ghanaians devoid of any political or partisan considerations.

The Ministry of Finance has accepted the business plan for the first domestic credit rating agency to be established with…

The country’s total revenue will end 2022 at ¢89.0 billion, far below the target of ¢100.5 billion, the July 2022 Africa Monitor Report by Fitch Solutions has revealed.

The IMF also welcomed the fiscal adjustments envisaged in the 2021 budget, while stressing that fiscal consolidation was needed to address debt sustainability and rollover risks.

The survey report released by CDD-Ghana shows, out of the total sample size, only 9 percent of Ghanaians are confident that the government will use revenue from the E-levy to fund development. This means, about 91% Ghanaians have no confident in the government when it comes to judicious utilisation of tax monies.

A multilateral institution, the World Bank, has urged the government to restore fiscal sustainability going forward in order to facilitate debt reduction to a sustainable level.

This is additional unplanned expenditure to government which is expected to heavily increase public sector wage bill, thereby widening the fiscal deficit.