Author: SAMUEL
The government has announced plans to construct a 1,200-megawatt state-owned thermal power plant beginning in 2026 as part of efforts to boost Ghana’s energy generation capacity and ensure long-term energy security. Presenting the 2026 Budget Statement and Economic Policy to Parliament, the Finance Minister, Dr. Cassiel Ato Forson, said the project will utilise 150 million standard cubic feet of gas per day expected to be produced by Ghana’s OCTP and Jubilee partners in the medium term. He explained that the new plant will offtake the additional gas from the OCTP partners and Gas Processing Plant (GPP 2), providing reliable fuel…
The Minister for Finance, Dr. Cassiel Ato Forson, has outlined significant revenue mobilisation plans for 2026, emphasising both domestic collection and strategic external support. While presenting the Budget Statement and Government Economic Policy for 2026 in Parliament on Thursday, November 13, 2025, Dr. Forson highlighted the government’s revenue projections for the coming year. “In 2026, the government is projected to collect revenue and grants of GHC268.1 billion, up from GHC 226.7 billion in 2025 — a strong 18.3% increase. Non-oil tax revenue, which is the backbone of domestic mobilisation, is projected at GHC 216.1 billion, growing on the back of…
The government has announced sweeping Value Added Tax (VAT) reforms aimed at easing the cost of doing business and putting more money in the hands of Ghanaians. Presenting the 2026 Budget Statement and Economic Policy to Parliament on Thursday, November 19, the Minister for Finance, Dr. Cassiel Ato Forson, outlined a set of measures designed to simplify the tax regime, stimulate growth, and boost private sector confidence. Under the new VAT reforms, the government will abolish the COVID-19 Health Recovery Levy and the decoupling of the GETFund and National Health Insurance Levy (NHIL) from the VAT tax base — allowing…
The Electricity Company of Ghana (ECG) has recorded a significant improvement in revenue collection, with monthly earnings rising by nearly 90 percent under the Cash Waterfall Mechanism, Finance Minister Dr. Cassiel Ato Forson has revealed. Presenting the 2026 Budget Statement and Economic Policy in Parliament on Thursday, November 13, Dr. Forson attributed the remarkable growth to reforms within the energy sector aimed at enhancing transparency, efficiency, and equitable distribution of revenue among power sector entities. He explained that the Cash Waterfall Mechanism — designed to ensure fair and automatic allocation of funds collected by ECG to all players in the…
Moroccan model and one of billionaire Ned Nwoko’s wives, Laila Charani, has publicly accused her co-wife, Nollywood actress Regina Daniels, of introducing her to drugs and being a negative influence within their household. In a fiery Instagram post, Laila directly called out Regina, dismissing claims that the actress had ever given her money and accusing her of hypocrisy. “How dare you say that you ever gave me money, for what exactly?” Laila fumed. “I am very contented with the provisions my husband makes for our family. We should show Nigerians our bank accounts to see who is paying money to…
The U.S. Embassy in Ghana has extended its condolences to families affected by the tragic stampede at the El-Wak Sports Stadium in Accra. In a statement, the embassy said, “The U.S. Embassy offers its deepest sympathies to the families and loved ones of those who lost their lives during the November 12 recruitment exercise at the El-Wak Sports Stadium in Accra. Our thoughts are with the people of Ghana in this painful moment.” The tragic incident occurred on Wednesday morning during a recruitment exercise conducted by the Ghana Armed Forces (GAF), resulting in the deaths of six people and leaving…
The Attorney General and Minister for Justice, Dr. Dominic Ayine, has assured Parliament that President John Dramani Mahama will fully respect any ruling by the courts regarding the removal of former Chief Justice Gertrude Torkonoo. Speaking on Thursday, November 13, 2025, Dr. Ayine dismissed Minority claims that the appointment of Justice Paul Baffoe-Bonnie as Chief Justice could lead to legal complications. “The Minority, with all the experienced lawyers that they have, including the Minority Leader himself, should know that if the Supreme Court comes up with its decision saying that the process of the removal of the Chief Justice was…
The Minister for Finance, Dr. Cassiel Ato Forson, is presenting the Government’s Budget Statement and Economic Policy in Parliament on Thursday, November 13, 2025. The presentation is conducted in accordance with Articles 179 and 180 of the 1992 Constitution and Sections 21 and 23 of the Public Financial Management Act, 2016 (Act 921), which mandate the Minister to submit the Budget Statement and Economic Policy to Parliament. The 2026 budget is expected to outline key fiscal measures, including tax policies and spending allocations, designed to promote both economic growth and financial stability across the country. Watch the live session from…
The Attorney General and Minister for Justice, Dr. Dominic Ayine, has dismissed claims by the Minority in Parliament that the appointment of Justice Paul Baffoe-Bonnie as Chief Justice could create legal complications. The Minority Caucus boycotted the vetting of Justice Baffoe-Bonnie on Monday, November 11, 2025, arguing that there are pending cases before the Supreme Court, the High Court, and the ECOWAS Court challenging the removal of former Chief Justice Gertrude Torkonoo. According to them, proceeding with the appointment and approval process while these cases remain unresolved could lead to a constitutional crisis if the courts rule in favour of…
Parliament has approved the nomination of Paul Baffoe-Bonnie as the new Chief Justice of Ghana, following a tense vetting process and sharp divisions during debate on the Appointments Committee’s report. Justice Baffoe-Bonnie’s vetting on Monday, November 10, was marred by a dramatic walkout by Minority Members of Parliament, who rejected his nomination. The Minority argued that ongoing court cases challenging the removal of former Chief Justice Gertrude Torkornoo rendered the process unconstitutional and politically motivated. Despite their objections, the Majority proceeded with the approval process. On Thursday, November 13, Parliament adopted the Appointments Committee’s report by majority decision, officially endorsing…