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    Mahama begins Western Region tour with new dual carriageway project

    Mahama begins Western Region tour with new dual carriageway project

    A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

    2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

    The International Monetary Fund (IMF) has advised the Government of Ghana to exercise caution and adopt a strategic approach in implementing its current market intervention program aimed at stabilizing the local currency.

    IMF Urges Ghana to Be Strategic in Market Intervention Efforts

    The Nigerian film industry has once again witnessed love take center stage as popular Nollywood actress Eve Esin tied the knot with her Ghanaian partner, Suleman, in a colourful and emotional ceremony held over the weekend in Uyo, the capital city of Akwa Ibom State.

    Nollywood Star Eve Esin Marries Ghanaian Partner Suleman in Glamorous Uyo Ceremony

    NPA corruption scandal deepens — OSP uncovers new evidence, raises charges

    NPA corruption scandal deepens—OSP uncovers new evidence, raises charges

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    Accra — It may not even be the official start of December yet, but Ghana’s festive season seems to have found its explosive kickoff. ShattaFest 2025, headlined and organized by Dancehall superstar Shatta Wale, transformed Accra’s Independence Square into a sea of energy, music, and celebration last Saturday night.

    ShattaFest 2025: Shatta Wale Sets Independence Square Ablaze With an Unforgettable Night of Music and Unity

    Denkyirahemaa’s Legal Advisor Dismisses Injunction Rumours on King’s Coronation

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    Inflation falls below 10% for first time in four years, now at 9.4%

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Budget: Expect more taxes – Ato Forson

Alloh Jean-Gervais by Alloh Jean-Gervais
5 years ago
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Mr. Casiel Ato Forson, a former Deputy Minister of Finance, has warned Ghanaians that the government’s budget for the fiscal year 2021 would include more taxes.

“Ghanaians should expect more taxes in the budget,” the Ajumako Enyan Essiam lawmaker told TV3’s Nana Akua Mensah Aborampah on Friday March 12 minutes before the budget reading.

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In the meantime, Madam Mona Quartey has requested that the Ministry of Finance provide data on the Annual Budget Funding Amount (ABFA), a fund into which petroleum proceeds are allocated for government spending, to the Public Interest and Accountability Committee ahead of the budget statement (PIAC).

This comes after the ministry failed to release data on the Annual Budget Funding Amount (ABFA) to PIAC for the fourth time, preventing the organization from including their data in the compilation of its reports on petroleum revenue usage.

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The ABFA is a statutory fund that is responsible for receiving oil revenue earmarked for government purposes.
The Petroleum Revenue Management Act, 2011, (Act 815) requires PIAC to publish two reports a year, a semiannual report and an annual report, on how petroleum revenue is used.

Read Also: Kyei-Mensah-Bonsu to present 2021 budget today

Data on allocations made to institutions such as the Bank of Ghana, the Ministry of Finance, and the Ghana National Petroleum Corporation (GNPC) is expected to be submitted to PIAC.

However, the Finance Ministry struggled to do so for the fourth time, according to PIAC’s report for the first half of 2020.
This, according to PIAC, makes it impossible to function and frustrates the supposed transparency with which the oil money is supposed to be spent.

“The Ministry of Finance has failed to provide ABFA usage data for the compilation of PIAC reports for the fourth time.
“This makes reconciling disbursements and expenditures difficult, and it undermines the spirit of transparency envisioned in the PRMA,” PIAC said.
“To be honest, I am at a loss on that because the Ministry of Finance’s responsibility to PIAC is in the public interest, it is very important,” Ms Mona Quartey said in an interview with TV3’s Alfred Ocansey ahead of the budget presentation on Friday March 12. They must submit all necessary information to PIAC, including a check list, and they must do so in a timely manner.

The role of PIAC as a watchdog over our petroleum revenue funds is critical. It was modeled after the management of the Norwegian Petroleum Fund. There is no reason why the Ministry of Finance should not have released the details to PIAC because it ensures transparency and accountability. It’s cool if it’s late; given the current situation, anything can happen.”

SOURCE: ATLFMNEWSONLINE

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Mahama begins Western Region tour with new dual carriageway project

Mahama begins Western Region tour with new dual carriageway project

October 21, 2025
A Senior Finance Lecturer at the University of Cape Coast Business School, Dr. Seyram Kawor, says the upcoming 2026 budget will serve as a key test of the government’s commitment to fiscal discipline and sustainable economic management.

2026 Budget Will Test Govt’s Commitment to Fiscal Discipline – Dr. Seyram Kawor

October 20, 2025
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