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Tag: Ato Forson

  • We need a framework to create stable exchange rate, inflation, and economy – Finance Minister

    We need a framework to create stable exchange rate, inflation, and economy – Finance Minister

    Finance Minister Dr. Cassiel Ato Forson has stressed the need for a well-structured economic framework to restore Ghana’s financial stability.

    Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay on Sunday, March 9, Dr. Forson noted that tackling inflation, stabilizing the exchange rate, and fostering overall economic resilience would be the government’s key priorities.

    “What we can do is to put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy,” he said.

    Despite recent measures to address Ghana’s economic difficulties, Dr. Forson acknowledged that the country’s financial situation remains precarious. He warned against any assumption that the economy had fully recovered.

    “Let me make this point: let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first thing we will need to do is to take measures to bring us back to the stability that we deserve,” he cautioned.

    Outlining some of the government’s policy directions, he highlighted plans to cut domestic borrowing and reduce government spending to allow the private sector greater access to financial resources.

    “It is very critical for the government to cut expenditure and reduce its appetite for borrowing. In doing so, there will be a lot more resources for the private sector to benefit from,” he stressed.

    Dr. Forson also reassured the public that their concerns would be factored into the 2025 Budget and Policy Statement. Following his recent interactions with traders at Accra’s Central Business District, he emphasized that the government was actively listening to citizens’ input.

    “I do not take the people of Ghana for granted. I am not here because I just wanted to. I am here because I want to hear your take—ignore the propaganda out there,” he affirmed.

    The 2025 budget, set to be presented on March 11, is expected to outline key policies aimed at stabilizing the economy and laying a foundation for long-term recovery.

  • 2025 budget: Finance Minister visits, engages market women and kayayei ahead of presentation

    2025 budget: Finance Minister visits, engages market women and kayayei ahead of presentation

    Finance Minister Dr. Cassiel Ato Forson on March 7 wrapped up a meaningful discussion with market women, head porters (kayayei), and traders at Makola Market.

    The engagement allowed him to hear firsthand their concerns and expectations ahead of the 2025 Budget presentation scheduled for Tuesday, March 11.

    Expressing appreciation for the interaction, Dr. Forson described it as a privilege, recognizing the crucial contribution of these hardworking individuals to Ghana’s economic growth.

    “It was a privilege to interact with these hardworking Ghanaians who break their backs daily to support our economy,” he stated, highlighting their contributions to the country’s commercial sector.

    The conversation focused on the economic difficulties facing small-scale traders, such as rising inflation, taxation burdens, and limited access to credit.

    Dr. Forson assured them that their concerns would play a key role in shaping policies for the upcoming budget, emphasizing that their insights are essential in guiding the nation’s economic strategy.

    “Their expectations ahead of Budget 2025 will help shape our shared future,” he affirmed.

  • Energy sector has become a ticking time bomb – Ato Forson

    Energy sector has become a ticking time bomb – Ato Forson

    Finance Minister Dr. Cassiel Ato Forson has sounded the alarm over Ghana’s energy sector, describing it as a “ticking time bomb” due to non-cost reflective tariffs and unsustainable energy subsidies.

    Speaking at the first session of the two-day National Economic Dialogue at the Accra International Conference Centre, Dr. Forson warned that the sector’s financial deficits could exceed nine billion dollars by 2026 despite government interventions.

    “The energy sector in Ghana has become a ticking time bomb. More than two per cent of GDP every year. Every year, the profits of the energy sector will probably fall back on the legal side. For citizens, we require radical measures,” he said.

    He pointed to the Electricity Company of Ghana (ECG) as a major concern, citing massive distribution and collection inefficiencies that worsen the sector’s financial struggles.

    “Currently, only 62 per cent of total energy purchase by ECG is collected, leaving out probably 62 per cent. 65 per cent of that amount is used to pay for supplies through the cash quarter for mechanism,” Dr. Forson stated.

    “Unfortunately, 35 per cent of ECG’s revenue is used to take care of ECG themselves over times that they don’t actually work,” he added.

    Dr. Forson lamented the impact of non-cost reflective tariffs, arguing that they fail to cover the actual cost of service provision.

    “In most reflective tariffs, about 50 per cent of cost of service provision is not for us to expect. However, I still maintain that tariffs should not be used to reward ECG’s inefficiencies and other inefficiencies in the system,” he emphasized.

    He disclosed that unpaid legacy arrears in the energy sector had reached $1.3 billion by the end of 2022, with annual cumulative shortfalls climbing to $2.2 billion in 2024, despite significant government funding.

    According to Dr. Forson, the sector’s crisis is fueled by political reluctance to implement cost-reflective tariffs, limited renewable energy adoption, and ECG’s operational inefficiencies.

    “Having generational costs due to lack of politicians and limited renewable capacity in the energy mix is a problem. Having distribution and collection losses at ECG is also a problem,” he stated.

    He urged a comprehensive reform strategy that addresses inefficiencies, promotes renewable energy, and ensures sustainable tariff policies to avert further financial instability.

    Without immediate action, Dr. Forson warned, the worsening financial crisis in the energy sector could pose a severe threat to Ghana’s overall economic stability.

  • Consumers can’t suffer because of your inefficiencies – Ato Forson to ECG

    Consumers can’t suffer because of your inefficiencies – Ato Forson to ECG

    The Electricity Company of Ghana (ECG) is facing a deepening financial crisis, with inefficiencies and revenue shortfalls straining the national budget.

    Finance Minister, Dr. Cassiel Ato Forson, speaking at the National Economic Dialogue, described ECG’s operations as unsustainable.

    He cautioned that without immediate reforms, the energy sector risks collapsing under the weight of growing debt.

    According to Dr. Forson, ECG successfully collects only 62% of the electricity it supplies, leaving nearly 40% unaccounted for—either lost due to technical faults or unpaid.

    “The inefficiencies at ECG are costing the nation heavily. Government transfers to support the energy sector have reached unsustainable levels, yet the company continues to struggle with revenue collection and operational inefficiencies,” he stated.

    This shortfall has forced the government to provide continuous financial support, with budgetary transfers reaching $2.1 billion over the past two years.

    Dr. Forson emphasized that these inefficiencies are severely impacting the economy, as government support for the energy sector has reached unsustainable levels while ECG continues to struggle with operational and revenue challenges.

    “The power sector should be a key driver of industrial growth, but instead, it has become a financial black hole, dragging the entire economy down,” Dr Forson stated.

    Despite ongoing interventions, the company’s financial troubles are deepening, with projections indicating that by 2026, the cumulative deficit in the energy sector could surpass $9 billion, posing a serious risk to Ghana’s economic stability.

    A major part of ECG’s struggle stems from widespread distribution losses, where a significant portion of power supplied is either lost due to system inefficiencies or stolen through illegal connections.

    Additionally, ECG faces persistent challenges in collecting payments from both government institutions and private consumers, leading to large outstanding debts.

    Poor financial management has further compounded the issue, as ECG often fails to meet its payment obligations to power producers, creating a chain reaction of debt across the energy sector.

  • We need bold, strategic decisions to address Ghana’s fiscal challenges – Ato Forson

    We need bold, strategic decisions to address Ghana’s fiscal challenges – Ato Forson

    Finance Minister Dr. Cassiel Ato Forson has underscored the urgency of Ghana’s fiscal crisis, calling for decisive measures to restore economic stability.

    Addressing the opening session of the National Economic Dialogue on Monday, March 3, 2025, Dr. Forson painted a stark picture of the country’s financial difficulties, citing high debt levels, revenue shortfalls, and rising government expenditure as key concerns.

    “We face serious fiscal challenges that demand bold and strategic decisions. We must ensure fiscal discipline and implement reforms that will restore confidence in our economy,” he stated.

    He stressed that overcoming these difficulties would require a collaborative approach involving policymakers, businesses, and citizens.

    Describing the National Economic Dialogue as a crucial platform for solutions, Dr. Forson urged stakeholders to use the discussions as an opportunity to develop forward-thinking policies that prevent future economic downturns.

    “This dialogue is a critical step in assessing our economic situation and finding practical solutions to move our country forward,” he added.

    Reaffirming the government’s commitment to reforms, the Finance Minister assured Ghanaians that efforts were underway to stabilize the economy and create conditions for sustainable growth.

    He encouraged all participants to actively engage in shaping policies that would steer Ghana toward a more resilient financial future.

  • T-Bills reduction saving Ghana GHC1bn – Finance Minister

    T-Bills reduction saving Ghana GHC1bn – Finance Minister

    Ghana has saved approximately GH¢1 billion following a recent decline in Treasury bill (T-bill) rates, Finance Minister Dr Cassiel Ato Forson has disclosed.

    Speaking at the National Economic Dialogue on Monday, March 3, Dr Forson described the reduction as a significant financial relief, enabling the government to reallocate funds towards essential sectors of the economy.

    “The recent reduction in T-bills alone is saving Ghana about one billion Ghana Cedis, and that money can be channelled to critical areas of the economy,” he stated.

    He emphasised that lowering T-bill rates is part of broader fiscal management efforts aimed at reducing borrowing costs and ensuring economic stability. He further noted that responsible financial policies are necessary to ease the burden on the government and free up capital for productive investments.

    Despite the progress, Dr Forson called for continued fiscal discipline and policy interventions to strengthen Ghana’s financial standing. He urged stakeholders to support ongoing economic reforms that are geared towards restoring macroeconomic stability.

    Meanwhile, Ghana’s T-bill auction has recorded strong investor interest for the third consecutive week. The auction held on January 17, 2025, saw total bids of GH¢8.839 billion, exceeding the GH¢6.353 billion target by GH¢2.486 billion.

    On January 20, 2025, the government secured GH¢5.688 billion for the 91-day bill, GH¢1.318 billion for the 182-day bill, and GH¢1.883 billion for the 365-day bill. However, not all bids were accepted.

    Interest rates for the auction stood at 28.41% for the 91-day bill, 28.97% for the 182-day bill, and 30.28% for the 365-day bill.

    With limited access to international capital markets, the government has relied heavily on domestic borrowing through T-bills. However, the administration has pledged to implement policies that will reduce dependence on short-term domestic borrowing and help Ghana regain access to international financial markets.

  • Gov’t to incorporate National Economic Dialogue resolutions in budget – Finance Minister

    Gov’t to incorporate National Economic Dialogue resolutions in budget – Finance Minister

    Finance Minister Dr. Cassiel Ato Forson has affirmed that key resolutions from the 2025 National Economic Dialogue will be reflected in the upcoming National Budget.

    According to Dr. Forson, the dialogue serves as a crucial platform for shaping policies that will revamp Ghana’s economy and lay the foundation for long-term growth.

    In a Facebook post on Monday, March 3, he expressed optimism about the dialogue’s impact, calling it a pivotal moment in the country’s economic recovery efforts.

    “I am excited that the historic National Economic Dialogue 2025 is starting this morning. Its outcomes will find clear expression in the upcoming National Budget, which will be read on March 11, 2025, as we work together to reset Ghana’s economy and drive sustainable growth,” he wrote.

    The National Economic Dialogue is bringing together key stakeholders, including policymakers, economists, business leaders, and civil society organisations, to chart a path toward economic stability and progress.

    With the Finance Minister’s assurance, expectations are high that the 2025 budget will incorporate practical measures derived from the dialogue to address Ghana’s economic challenges.

  • 2025 budget will spur development, provide opportunities to all – Finance Minister

    2025 budget will spur development, provide opportunities to all – Finance Minister

    Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the 2025 budget will be a blueprint for national growth, fostering development and creating opportunities for all.

    In a social media update on Saturday, March 1, Dr. Forson disclosed that the budget, set to be presented on Tuesday, March 11, aligns with the government’s broader vision of economic progress.

    “In just nine days, I will present Budget 2025 on Tuesday, March 11th—a budget designed to drive growth, development, and opportunities for all,” he announced.

    He emphasized that the upcoming financial plan reflects the commitment of President John Mahama’s administration to strengthening the economy and ensuring long-term resilience.

    “My team and I are in the final stages of preparation, ensuring that this budget reflects our commitment to building a stronger and more resilient economy,” he added.

    Dr. Forson highlighted the need for strategic investments in key sectors to promote sustainable development. He indicated that the budget would prioritize job creation, industrial expansion, and social welfare, with a particular focus on supporting local businesses.

    The Finance Minister assured Ghanaians that the government remains dedicated to implementing measures that will enhance economic stability and address pressing national challenges.

  • Govt poised to deliver transformative 2025 budget – Ato Forson

    Govt poised to deliver transformative 2025 budget – Ato Forson

    Finance Minister Cassiel Ato Forson has assured Ghanaians that the 2025 budget will be a roadmap for economic stability, national advancement, and expanded opportunities for citizens.

    Ahead of its presentation on Tuesday, March 11, the Ajumako-Enyan-Esiam legislator reaffirmed the government’s dedication to reinforcing the economy, enhancing social well-being, and ensuring inclusive prosperity. He emphasized that as the final touches are being made, the administration remains focused on unveiling a financial plan designed to accelerate growth, widen opportunities, and drive long-term development.

    With anticipation building, particularly within the business community, many are eager to see policies that tackle pressing economic concerns. Calls for corporate tax cuts and streamlined tax procedures have intensified, as business owners seek an environment that fosters reinvestment, expansion, and job creation. Access to financing remains a key challenge, with entrepreneurs struggling to obtain loans due to high interest rates and stringent collateral demands, leaving many hoping for interventions that make credit more accessible.

    Infrastructure remains another area of concern, as poor roads, inconsistent power supply, and underdeveloped digital systems continue to hinder productivity. Many expect the budget to address these issues to reduce operational costs and boost economic efficiency. Local industries are also advocating for government-backed initiatives to lower production expenses and limit dependency on imported goods, which they argue undermine domestic businesses. Meanwhile, concerns over currency instability and inflation persist, with businesses urging authorities to introduce policies that will stabilize the cedi and ensure price consistency.

    As March 11 approaches, national attention turns to Parliament, where Ato Forson will present the government’s fiscal agenda for the year.

    The private sector, in particular, is looking forward to a budget that brings substantive reforms to stimulate innovation, fuel economic expansion, and build resilience in Ghana’s financial landscape.

  • Ato Forson has always been ahead of me – Isaac Adongo on Finance Minister role

    Ato Forson has always been ahead of me – Isaac Adongo on Finance Minister role

    Bolgatanga Central MP, Isaac Adongo, has downplayed suggestions that he should have been appointed Finance Minister, acknowledging that Dr. Cassiel Ato Forson has always held a more senior role in parliamentary financial matters.

    His response follows concerns from some constituents who felt he was unfairly overlooked by President John Dramani Mahama in favor of Dr. Ato Forson. Supporters had argued that Adongo was equally qualified for the role.

    Speaking on Asempa FM’s Ekosii Sen on Thursday, February 27, Adongo emphasized Forson’s seniority and experience, stating, “In the issue of Finance Minister proper, since I came to Parliament, I’ve always been behind Ato Forson.”

    He explained that when he first entered Parliament, Forson was already serving as the Ranking Member of the Finance Committee while he was just a member. “In my second term, they promoted me to be Deputy Ranking, and he was still the Ranking Member. Then, when there was a reshuffle in Parliament, he was made the Leader of the Caucus, and I was made the Ranking Member of the Finance Committee,” Adongo added.

    Highlighting Forson’s prior role as Deputy Minister of Finance, Adongo admitted that his appointment made sense, saying, “He has also been a Deputy Minister of Finance before. So it was really a tall ask.”

    Reassuring his supporters, he urged them to trust the political process, assuring them that his time would come. “My time will come,” he stated, emphasizing his commitment to serving both his constituents and the nation.

    His remarks were aimed at easing tensions and reinforcing the structured nature of political appointments.

  • Ato Forson’s trial was a clear abuse of justice – Bright Simons

    Ato Forson’s trial was a clear abuse of justice – Bright Simons

    IMANI-Africa’s Vice President, Bright Simons, has denounced the Akufo-Addo administration’s prosecution of Dr. Ato Forson, labeling it as an unprecedented misuse of prosecutorial authority in Ghana.

    Attorney General Dr. Dominic Ayine recently withdrew multiple high-profile cases involving prominent figures from the Mahama administration, such as former NDC National Chairman Samuel Ofosu Ampofo, former COCOBOD CEO Dr. Stephen Opuni, and businessman Seidu Agongo.

    Simons endorsed the Attorney General’s decision, stating that his independent review exposed serious flaws in the prosecution’s handling of the case.

    “I also agree with the discontinuation of the Ato Forson case because I personally investigated the matter as an independent analyst, and it is the worst abuse of prosecutorial discretion we have seen in this country,” Bright Simons said during an interview with Joy FM.

    He explained that the case revolved around a letter of credit, a financial instrument used to manage risk in transactions, and argued that such an arrangement should never have formed the basis for criminal charges.

    Dr. Ato Forson, a former Deputy Finance Minister under the Mahama administration, was prosecuted at the Accra High Court for allegedly causing a €2 million financial loss in an ambulance procurement deal.

    However, on July 30, 2024, the Court of Appeal ruled in his favor, acquitting and discharging him due to insufficient evidence.

    Following this, the Attorney General formally discontinued any further legal proceedings at the Supreme Court through a notice filed on January 24, 2025.

  • Prioritise economic health over political promises – Economist warns govt over proposed tax cuts

    Prioritise economic health over political promises – Economist warns govt over proposed tax cuts

    Economist Dr. Priscilla Twumasi Baffour has cautioned the government against hastily eliminating taxes it pledged to scrap if such actions could undermine national revenue.

    Speaking on Joy News’ PM Express Business Edition on Thursday, February 13, she emphasized that while tax cuts may be politically popular, economic considerations should take priority to prevent further strain on Ghana’s already fragile fiscal position.

    “It’s a difficult period, and I believe that there is nothing wrong if the government, I mean, the finance minister, comes out to say that we promised X, Y, and Z, but this is the reality—it is not possible,” she stated.

    According to her, the government still enjoys goodwill from Ghanaians, and instead of hastily scrapping multiple taxes, it should focus on what is economically practical.

    Dr Baffour cautioned that if the economy’s current trajectory shifts into further instability due to revenue shortfalls, the consequences would be disastrous.

    “The risk to businesses and Ghanaians as a whole is that if the trajectory that the economy is currently on switches and we enter into another phase of turbulence, it will be quite disastrous for everybody.

    “It affects people in terms of standards of living. Fixed-income earners really struggle with high inflation and all that,” she explained.

    She acknowledged that keeping some of the taxes in place might come at a political cost, but stressed that economic stability must be the priority.

    “Initially, it would mean some political cost, but I think that the government has a lot of room at the moment, and it should not be hasty in taking out all the taxes that it promised to remove if indeed it’s very difficult to make up for it,” she advised.

    Referencing past policies, Dr Baffour noted that the motivation behind removing what were once called “nuisance taxes” was to shift focus from taxation to production.

    However, she pointed out that economic growth in Ghana takes time and cannot immediately compensate for lost tax revenue.

    “The whole idea of, for example, taking out a lot of taxes, nuisance taxes as we heard some time ago, is the fact that you want to de-emphasize taxation and look at production.

    “But the reality is that in our context, growth is quite difficult. It takes quite some time to be able to observe a given substantial level of growth,” she remarked.

    Her remarks come amid mounting pressure on the government to deliver on its campaign pledge of tax cuts while navigating the challenges of economic recovery. The country continues to grapple with the effects of high debt, inflation, and revenue deficits.

    Dr. Baffour’s warning underscores the need for a balanced approach—while tax reductions may offer short-term relief to businesses and individuals, the overarching priority should be fostering a stable and resilient economy.

  • I believe Ato Forson was a victim of a political witch-hunt – AG

    I believe Ato Forson was a victim of a political witch-hunt – AG

    The Attorney-General and Minister for Justice, Dr. Dominic Ayine, has disclosed that he dropped the trial of Finance Minister Dr. Cassiel Ato Forson because he believes the case was politically motivated.

    Speaking at a press conference on Wednesday, Dr. Ayine explained why he decided to discontinue several major trials involving political figures, most of whom are members of the governing National Democratic Congress (NDC).

    In Dr. Ato Forson’s case, the Attorney-General stated that he had been involved in the matter from the beginning and had a thorough understanding of the trial. However, after reassessing the case upon assuming office a few weeks ago, he saw no reason to continue with the prosecution.

    “I believed then, and still believe now, that Hon. Ato Forson was a victim of a political witch-hunt and that he has no case to answer in this trial,” he said.

    Dr. Ayine further stated that the case against Dr. Ato Forson lacked legal merit.

    “That position was vindicated by the erudite judgment of the Court of Appeal which ruled that the trial court erred in calling upon the accused persons to mount their defence. When the then Attorney-General vowed to file an appeal and actually went ahead to do so, I took the view that it was done to save face and that there was not a scintilla of merit to his appeal. Indeed, the appeal was, to say the least, incompetent,” he said.

    Two weeks ago, the AG discontinued the controversial ambulance procurement case involving Dr Ato Forson, and businessman Richard Jakpa, the third accused. This decision was formalised in a notice issued by the AG’s chambers.

    This follows a ruling by the Court of Appeal, which acquitted and discharged Dr Cassiel Ato Forson and Richard Jakpa, the third accused.

    Dr Cassiel Ato Forson and Richard Jakpa were accused of causing a financial loss of €2.37 million to the state in a deal to purchase 200 ambulances between 2014 and 2016.

    Dr Ato Forson was then the deputy finance minister and Mr Jakpa was acting as a local representative of a firm based in Dubai in the United Arab Emirates (UAE), Big Sea General Trading Limited.

    The two accused individuals pleaded not guilty to charges including wilfully causing financial loss to the state, abetment to wilfully causing financial loss, contravention of the Public Procurement Act, and intentionally misapplying public property.

    According to the AG’s charge sheet, during the 2009 State of the Nation Address, then-President Prof. John Evans Atta Mills announced plans to purchase new ambulances to expand the National Ambulance Service’s operations.

    Mr Jakpa approached the Ministry of Health with a proposal. He claimed to have arranged financing from Stanbic Bank for the supply of 200 ambulances to the government.

    The financing agreement between the government and Stanbic Bank was approved by Parliament.

    On 19th November 2012, a former Director of the Ministry of Health wrote to the Public Procurement Authority (PPA), seeking approval to engage Mr Jakpa’s firm through single sourcing for the supply of the ambulances.

    On 7th August 2014, Dr Ato Forson wrote to the Bank of Ghana requesting letters of credit covering €3.95 million for the supply of 50 ambulances in favour of Big Sea General Trading Limited. The letters of credit were subsequently issued.

    The facts of the case state that 30 ambulances were purchased for €2.37 million, but none met the required specifications and were deemed “not fit for purpose.”

  • Gov’t-IMF discussions to focus on tax reductions, energy sector debt, exchange rate stability

    Gov’t-IMF discussions to focus on tax reductions, energy sector debt, exchange rate stability

    The government is in talks with the International Monetary Fund (IMF) to discuss key economic issues, including tax cuts, revenue reforms, managing energy sector debt, controlling spending, and stabilizing the exchange rate.

    These discussions, which run from February 10 to February 14, will focus on Ghana’s economic future and the policies shaping the 2025 budget.

    As part of efforts to ease financial strain, the government plans to remove certain taxes, such as the E-Levy, betting tax, and COVID-19 levy, while also reducing the country’s dependence on imports.

    IMF Mission Chief for Ghana, Stéphane Roudet, is leading the talks, working closely with government officials to refine fiscal strategies.

    Key institutions involved include the Bank of Ghana, the Ghana Revenue Authority, and the Controller and Accountant General’s Department.

    The outcome of these negotiations is expected to have a major impact on Ghana’s economic policies.

    Analysts have urged the government to focus on cutting unnecessary spending to reduce the budget deficit, which is expected to drop to 4.2% in 2025.

    To support these efforts, the government has already taken steps such as reducing the number of ministers to 60 and restricting non-essential foreign travel for officials.

  • Ambulance Trial: Attorney General drops case against Ato Forson and Jakpa

    Ambulance Trial: Attorney General drops case against Ato Forson and Jakpa

    Attorney General and Minister of Justice, Dominic Akuritinga Ayine, has officially withdrawn an appeal filed by his predecessor, Godfred Yeboah Dame, challenging a Court of Appeal ruling that acquitted Ato Forson and Richard Jakpa of charges related to financial loss to the state.

    In a Notice of Abandonment of Appeal dated January 23, 2025, Dr. Ayine indicated that the state would no longer pursue the case.

    “Please take notice that the Republic, having previously served notice of appeal against the judgment delivered by the Court of Appeal on July 30, 2024, hereby gives notice that it does not intend to prosecute the appeal further and abandons all proceedings related to this matter from the date of this notice,” he stated.

    On July 30, 2024, the Court of Appeal ruled in favor of an appeal filed by Dr. Cassiel Ato Forson, the former Deputy Minister of Finance and then Minority Leader, challenging an earlier decision by the Financial and Economic Court.

    The appeal stemmed from a March 2023 ruling by the High Court, which had ordered Dr. Forson to present his defense after the Attorney General’s office established a prima facie case against him in the €2.37 million ambulance procurement case.

    Also facing trial were Seth Anemana, a former Chief Director at the Ministry of Health, and businessman Richard Jakpa. The court had directed all three to open their defenses against allegations of willfully causing financial loss to the state over the procurement of ambulances that were deemed unfit for use.

  • Exceed your target to reduce govt borrowing – Finance Minister charges GRA

    Exceed your target to reduce govt borrowing – Finance Minister charges GRA

    Finance Minister Dr. Cassiel Ato Baah Forson has urged the Ghana Revenue Authority (GRA) to surpass its revenue targets to help reduce the government’s reliance on borrowing.

    Speaking during a visit to the GRA as part of a series of engagements aimed at addressing key revenue and public expenditure issues, Dr. Forson emphasized the importance of domestic resource mobilization in light of limited access to international borrowing markets.

    “Without revenue, there’s little you can do,” Dr. Forson remarked. He pointed out that Ghana currently has no access to Eurobond markets, domestic bonds, or commercial bank loans, leaving Treasury bills and multilateral loans as the only available financing options. “This means we have to focus more on domestic resource mobilization rather than borrowing externally,” he stressed.

    While acknowledging the GRA’s success in exceeding its 2024 revenue target by raising GH₵153.5 billion—GH₵7.5 billion above the initial target—Dr. Forson urged the agency to set even higher goals for 2025. “Achieving your target will not be enough; you have to exceed it so that we can reduce borrowing. The space to borrow is simply not there,” he said.

    The GRA’s performance in 2024, which saw a 5.3% increase in revenue compared to the target, reflects a nominal growth of 35% from 2023. Additionally, with the introduction of levies such as the Sanitation Debt Recovery Levy and Energy Sector Debt, total revenue collection reached GH₵157.9 billion.

    As part of Ghana’s fiscal consolidation efforts under the International Monetary Fund (IMF) program, Dr. Forson reminded the GRA that they are obligated to raise additional tax revenue equivalent to 0.6% of the GDP.

    “This agreement is between the government of Ghana and the IMF, not political parties, so we are obligated to meet this target. I urge you to find innovative ways to achieve this,” he added.

    The Acting Commissioner General of the GRA, Anthony Kwasi Sarpong, responded by emphasizing the importance of teamwork in achieving the agency’s targets. “I may have two hands and one head, but together with the entire GRA team, we can overcome any challenges,” Mr. Sarpong said, reaffirming the institution’s commitment to revenue generation.

    In a separate meeting with the Controller and Accountant General’s Department (CAGD), Dr. Forson discussed the need for expenditure quality in managing public funds. He explained that while the Ministry of Finance sets expenditure priorities, the CAGD must ensure compliance with the law.

    “Your role is to ensure that whatever we direct you to pay is carefully reviewed. If it aligns with the law, proceed with payment. But the quality of expenditure is the prerogative of the Ministry of Finance,” Dr. Forson stated.

    The Controller and Accountant General, Kwasi Agyei, expressed appreciation for Dr. Forson’s leadership and reiterated the CAGD’s commitment to transparency.

    “Our mandate, as outlined in the Public Financial Management (PFM) Act, is to ensure transparency in transactions and proper management of funds,” he said.

    However, Mr. Agyei also acknowledged the need for further system upgrades to maintain public trust, which he stressed is critical to the success of Ghana’s financial management. “Declining public trust in the management of public funds is a growing concern across Africa. While Ghana has not yet reached a critical point, we must act now to sustain confidence in our financial systems,” he warned.

  • It has been my greatest honour to serve as Majority Leader – Ato Forson

    It has been my greatest honour to serve as Majority Leader – Ato Forson

    Dr. Cassiel Ato Forson, the immediate past Majority Leader and current Minister of Finance, has reflected on his time leading the National Democratic Congress (NDC) Caucus in Parliament with immense pride.

    In his final address as Majority Leader on Thursday, January 23, Dr. Forson expressed his deepest gratitude to his colleagues and the party for entrusting him with the significant responsibility.

    “Serving as the Majority Leader has been one of the greatest honours of my career,” he remarked, highlighting the collaborative efforts of the NDC Caucus in advancing the interests of Ghanaians. Dr. Forson commended his colleagues for their dedication and resilience in navigating the complexities of parliamentary leadership.

    As he transitions to his new role as Minister of Finance, Dr. Forson pledged to work tirelessly for the people of Ghana. “In my capacity as Minister of Finance, I pledge to work tirelessly for the people of Ghana, ensuring that the needs and aspirations of the people of Ghana remain at the forefront of our agenda,” he stated.

    Dr. Forson concluded his address on an optimistic note, emphasizing the importance of unity and collaboration in achieving national development. He called on his colleagues in Parliament to continue prioritizing the interests of the people as they work to build a prosperous and inclusive Ghana.

  • We must prioritise the needs of Ghanaians – Ato Forson tells Finance Ministry staff

    We must prioritise the needs of Ghanaians – Ato Forson tells Finance Ministry staff

    Dr Cassiel Ato Forson, Ghana’s newly appointed Minister of Finance, has urged his team at the Ministry to place the needs of Ghanaians at the core of their efforts as the nation navigates economic recovery.

    Speaking during his first meeting with senior management at the Ministry of Finance on Thursday, January 23, 2024, Dr Forson underscored the significance of unity and collective action in addressing Ghana’s economic challenges.

    His address came shortly after being sworn into office by President John Dramani Mahama, following his approval by Parliament. The meeting served as both a symbolic and practical start to his leadership at the Ministry, which he described as a familiar territory. Accompanying him was Fifi Kwetey, a former Deputy Minister of Finance, signaling a blend of seasoned expertise and new direction.

    Dr Forson expressed gratitude for the opportunity to serve, highlighting his commitment to the well-being of Ghanaians. “We are here to work together to better the lot of the people of Ghana; indeed, we will constantly be mindful of the needs of Ghanaians,” he affirmed.

    The Minister outlined his vision for economic stability, identifying job creation, prudent fiscal management, exchange rate stability, and curbing inflation as immediate priorities. According to him, these goals represent a focused effort to alleviate the economic hardships confronting citizens.

    “These objectives,” he said, “reflect a determined approach to tackling the economic issues facing the country.”

  • Ghanaians are looking up to you to reduce inflation, stabilise the cedi – Mahama to Ato Forson

    Ghanaians are looking up to you to reduce inflation, stabilise the cedi – Mahama to Ato Forson

    President John Dramani Mahama has charged Dr. Cassiel Ato Forson, the newly sworn-in Minister for Finance, with the critical task of addressing Ghana’s economic challenges, including reducing inflation, stabilizing the cedi, and ensuring sustainable debt management.

    Speaking at a swearing-in ceremony held at the Jubilee House, where six ministerial nominees were officially inaugurated, President Mahama emphasized the weight of expectations placed on Dr. Forson to steer the economy towards recovery.

    “The people of Ghana are looking up to you, Dr. Forson, to reduce inflation and make life more affordable. They are looking to you to lower the cost of living, stabilize our currency, and make our debt level sustainable. You must also rein in the deficit so we can achieve macroeconomic stability,” the President urged.

    Ghana’s inflation stands a little over 20 percent and a dollar is worth over GHC14.

    The ceremony also marked the induction of five other ministers tasked with addressing challenges in key sectors. John Jinapor, now Minister for Energy and Green Transition, was tasked with ensuring consistent power supply and managing the energy sector’s debts.

    “Ghanaians are looking for stable and efficient power supply. They are also looking at you to manage the energy sector debt,” Mahama told Jinapor.

    Eric Opoku, the new Minister for Food and Agriculture, was challenged to tackle food security and make food affordable for Ghanaians. “Ghanaians are looking for food security and cheap, affordable food to fill their stomachs,” the President stated.

    In the Roads and Highways Ministry, Governs Kwame Agbodza was reminded of the public’s dissatisfaction with the state of Ghana’s roads. “You have the duty not only to maintain existing roads but to provide new roads for smooth transportation,” Mahama said, describing the portfolio as one of the most challenging.

    For Haruna Iddrisu, who now heads the Education Ministry, the directive was to improve educational quality and prepare Ghanaian youth for the job market. “You must work to ensure quality education and equip our young people with the skills they need to go into the world of work,” Mahama noted.

    Dr. Dominic Ayine, the new Attorney General, was tasked with reforming Ghana’s justice system to promote fairness and transparency. “The Attorney General will be required to reform our justice system to make it fair and transparent to all Ghanaians,” the President added.

    The swearing-in ceremony marked the beginning of what Mahama described as a crucial effort to address the pressing concerns of the nation. The six ministers, he said, bear a significant responsibility to deliver on the administration’s vision for progress and stability.

  • Reset agenda takes effect today – Ato Forson

    Reset agenda takes effect today – Ato Forson

    Finance Minister Dr. Cassiel Ato Forson has announced that the Mahama administration is poised to tackle the country’s challenges head-on, launching a bold reset agenda starting immediately.

    Dr. Forson made the pledge during the swearing-in ceremony for six newly appointed ministers held at the Jubilee House on Wednesday, January 22. The event marked a critical step in advancing the administration’s plans to address key national concerns.

    In his address, Dr. Forson highlighted the daunting issues facing the economy and various critical sectors, including energy, agriculture, education, and infrastructure. He affirmed the government’s commitment to initiating swift and impactful reforms.

    “Mr. President, we are also aware of the state of the Ghanaian economy, the state of the energy sector, the state of our justice system, the state of our roads sector, the state of the agricultural sector, and the state of the education sector. While we start working today, we will begin the reset agenda of the country,” Dr. Forson stated.

    The ceremony, presided over by President John Dramani Mahama, saw the official induction of Dr. Dominic Ayine as Attorney General, John Jinapor as Minister for Energy and Green Transition, Haruna Iddrisu as Minister for Education, Eric Opoku as Minister for Food and Agriculture, and Governs Kwame Agbodza as Minister for Roads and Highways.

    President Mahama charged the ministers to prioritize efficiency and innovation within their respective portfolios, underscoring the pressing need to meet the high expectations of Ghanaians.

  • Mahama flew commercially to UAE, no private jet was used – Ato Forson

    Mahama flew commercially to UAE, no private jet was used – Ato Forson

    Majority Leader in Parliament, Dr. Cassiel Ato Forson, has dismissed allegations that President John Dramani Mahama chartered a private jet for his recent trip to the United Arab Emirates (UAE).

    The claims, made by former Defence Minister Dominic Nitiwul, have fueled public speculation over the President’s travel arrangements. However, addressing Parliament on Wednesday, Dr. Forson refuted the assertions, clarifying that the President traveled on a commercial flight.

    “I travelled with President Mahama on his recent trip to the UAE, and he didn’t use a private jet. I was on the flight with him, and we used Emirates,” Dr. Forson confirmed.

    The Majority Leader challenged Mr. Nitiwul to provide proof to substantiate his claims, urging transparency on the matter.

    “Mr. Speaker, the immediate past Defence Minister claimed that the President used a rented private jet, and I challenge him to bring evidence now,” he stated firmly.

    Dr. Forson’s remarks aim to put to rest the controversy surrounding the President’s travel, emphasizing the administration’s commitment to cost-effective and transparent governance.

  • Ghana is open for business – Ato Forson tells investors

    Ghana is open for business – Ato Forson tells investors

    Finance Minister, Dr Cassiel Ato Forson, has sent a strong message to the global business community, declaring Ghana’s readiness to partner with investors for sustainable economic growth.

    “Ghana is open for business. We welcome partnerships and investments that will drive sustainable development and prosperity for all,” he affirmed, signaling the government’s commitment to creating an investor-friendly environment.

    Parliament’s approval of Dr. Forson’s nomination on Tuesday, January 21, marks a significant step in the Mahama administration’s agenda to revitalize the economy. His appointment reflects a broad endorsement of his expertise and vision for steering the country’s financial sector.

    Taking to social media shortly after his confirmation, Dr. Forson expressed heartfelt gratitude to God, President John Dramani Mahama, Parliament, and the citizens of Ghana for the trust reposed in him.

    “I am deeply humbled and grateful to the Almighty God for this opportunity to serve Ghana in the capacity of Finance Minister,” he wrote.

    In his role, Dr. Forson has pledged to address critical economic challenges with a focus on inclusivity and resilience. He outlined his plans to stabilize the national currency, curb inflation, and create jobs, emphasizing the need for collective effort.

    “Together, we will work to bring down inflation, stabilise the Cedi, create jobs, foster inclusive growth, and create opportunities for all Ghanaians,” he assured.

  • Probe into Obuasi incident will be impartial – Ato Forson

    Probe into Obuasi incident will be impartial – Ato Forson

    Majority Leader in Parliament, Dr. Cassiel Ato Forson, has assured Ghanaians of the government’s commitment to conducting an impartial and thorough investigation into the recent violent clashes in Obuasi.

    The incident, which occurred at a mining site and reportedly involved illegal miners, resulted in the tragic loss of up to eight lives, sparking nationwide concern.

    Addressing journalists at a press conference in Parliament on Tuesday, January 21, Dr. Forson emphasized the government’s determination to uncover the truth and ensure justice is served.

    He stated, “Finally, we wish to assure Ghanaians that pursuant to the directive of His Excellency the President, impartial and timely investigations would be carried out into the Obuasi incident.”

    The directive from President John Dramani Mahama follows widespread calls for accountability and decisive action to prevent similar occurrences. Dr. Forson expressed the government’s regret over the incident, describing it as a deeply troubling event that demands urgent attention.

    The investigation, according to Dr. Forson, aims not only to bring those responsible to justice but also to address the underlying issues that contributed to the clashes.

  • It’s about time you accept your defeat and allow the govt to do its job – Ato Forson to Minority

    It’s about time you accept your defeat and allow the govt to do its job – Ato Forson to Minority

    Majority Leader in Parliament, Dr. Cassiel Ato Forson, has urged the Minority to accept their defeat in the 2024 general election and work together with the new government.

    At a press conference in Parliament on Tuesday, January 21, 2025, he stressed the need for unity and encouraged everyone to focus on the country’s development.

    “We urge them to come to terms with their resounding defeat and allow the two-week-old government to steer the affairs of the state in line with the mandate of the good people of Ghana,” Dr. Forson stated.

    Dr. Cassiel Ato Forson emphasized that the people had made their choice in the election, and it was important to respect their decision for the country to move forward.

    He urged the Minority to avoid unnecessary conflicts and instead work with the government to solve important national problems. He warned that political disagreements at this early stage could slow down the country’s progress.

    Dr. Forson praised Ghanaians for ensuring a peaceful election and encouraged political leaders to put the country’s needs ahead of their party interests.

    He also assured that the government is committed to keeping its campaign promises and working hard to achieve its goals.

  • Minority hitting two-week-old Mahama govt with unwarranted attacks – Majority Leader

    Minority hitting two-week-old Mahama govt with unwarranted attacks – Majority Leader

    Majority Leader in Parliament, Dr. Cassiel Ato Forson, has criticized the Minority for subjecting President John Dramani Mahama’s newly sworn-in government to undue criticism just two weeks into its tenure.

    Speaking at a press conference in Parliament on Tuesday, January 21, Dr. Forson called on the opposition to exercise restraint and adopt a more constructive approach. He stressed the need for the government to have the space to address the nation’s challenges without unnecessary distractions.

    “The Mahama administration is barely two weeks old, yet it has already been inundated with unwarranted attacks from the Minority. I appeal to our colleagues on the other side to grant the government the necessary breathing space to steer the affairs of this country. Let us work together to build a better Ghana,” Dr. Forson urged.

    The Majority Leader highlighted the government’s focus on tackling pressing economic and social issues, emphasizing that a clear roadmap is already in place to guide the recovery process. He warned the opposition against actions that could hinder progress or destabilize governance.

    “The government has laid out a comprehensive roadmap to address the economic and social issues confronting our nation. Let us allow it to implement its policies without undue interference,” he added.

    While acknowledging the importance of dissent in a democratic system, Dr. Forson cautioned the Minority to avoid premature criticisms that could undermine national development. He encouraged them to channel their energy into constructive engagement with the government.

    Dr. Forson concluded by expressing optimism about the administration’s ability to deliver on its promises, urging all Ghanaians to rally behind President Mahama’s government in its mission to fulfil the aspirations of the people.

  • Parliament approves ministerial nominations of Ato Forson, Jinapor and Ayine

    Parliament approves ministerial nominations of Ato Forson, Jinapor and Ayine

    Parliament has approved the ministerial nominations of President John Mahama’s first three appointees following a debate on Tuesday, January 21.

    Dr. Cassiel Ato Baah Forson, Minister-designate for the Ministry of Finance; John Abdulai Jinapor, Minister-designate for the Ministry of Energy; and Dr. Dominic Akuritinga Ayine, Minister-designate for the Ministry of Justice and Attorney General, will become substantive ministers after being sworn in by the president.

    A motion to approve the nominees moved during the sitting chaired by Second Deputy Speaker Andrew Asiamah Amoako was unanimously approved by the House.

    Speaking on the floor of Parliament, Minority Leader Alexander Afenyo-Markin and other legislators expressed confidence in the appointees and urged them to carry out their task with diligence and always act in the interest of the general public.

    “They should not disappoint us. We wish them all the best,” other legislators stated.

    These three personalities faced Parliament’s Appointments Committee on January 13. Engaging the committee, Dr Ato Forson pledged to improve tax compliance to increase Ghana’s tax revenue to 16% of GDP without raising taxes.

    At enhancing efficiency and improving power distribution in the country, John Abdulai Jinapor has set a target to establish a comprehensive framework for private sector participation in the operations of the Electricity Company of Ghana (ECG) before the end of 2025.

    Dr. Dominic Ayine, on the other hand, has pledged to protect citizens’ rights with the reintroduction of a revamped public tribunal system.

    Profile

    Dr. Forson previously served as Deputy Finance Minister under the former National Democratic Congress (NDC) administration. He is an economist, chartered accountant, and tax practitioner with extensive expertise in public finance, macroeconomics, fiscal and tax policy, and business management.

    John Abdulai Jinapor brings vast experience in energy economics and finance. He holds a Master of Science in Energy Economics from the Ghana Institute of Management and Public Administration (GIMPA) and a Postgraduate Diploma in Finance and Financial Law from the University of London.

    Dr. Dominic Akuritinga Ayini is a senior lawyer with three decades of experience. He previously served as Deputy Attorney General and Minister for Justice.

  • ‘Be strong and do your job’ – Ato Forson to Bernard Ahiafor

    ‘Be strong and do your job’ – Ato Forson to Bernard Ahiafor

    Finance Minister-designate Ato Forson has called on the Chair of the Appointments Committee of Parliament to be firm in his responsibilities amid heated discussions during the vetting of the Minister-designate for Roads and Highways, Kwame Governs Agbodza.

    Dr. Forson’s remarks follow concerns raised by the Minority Leader and Ranking Member of the Appointments Committee, Afenyo Markin, who introduced issues unrelated to the vetting process.

    Addressing the committee, Dr. Forson said, “We are here to vet the Minister responsible for Roads and Highways. Let’s deal with the matter. The man has been sitting here for how long? For one hour? Dealing with preliminary issues. This is not the platform. Mr. Chairman… be strong and do your job.”

    He stressed the importance of adhering strictly to parliamentary rules, emphasizing the need for the committee to focus solely on the task at hand and cautioning against the inclusion of matters that could derail the proceedings.

    Dr. Forson also encouraged the Ranking Member of the Appointments Committee to address any concerns unrelated to the vetting process through the media or in parliamentary sessions.

    “The Minority Leader can at all times address the media or use other tools available to him as a Minority Leader to address his concerns. But he cannot use this platform to address matters that are irrelevant to what is before us,” he added.

    Watch video below:

  • Vetting of Ato Forson, 2 others was rushed – Joseph Osei-Owusu

    Vetting of Ato Forson, 2 others was rushed – Joseph Osei-Owusu

    Joseph Osei-Owusu, the former Chairman of Parliament’s Appointments Committee, has criticized the expedited vetting process for three ministerial nominees, including Dr. Cassiel Ato Forson, describing it as rushed and poorly handled.

    Speaking on the matter, Osei-Owusu questioned the decision to conduct the vetting on January 13, 2025, just four days after the nominees were announced by President John Dramani Mahama on January 9, 2025. He argued that the short notice failed to promote transparency and limited public engagement in the process.

    “I would have thought that [a] minimum [of] one week at best or two weeks [is given] to allow people who have issues and wanted to bring them out to the committee to enable them to do that, but I did not see any publication whatsoever. So I was surprised, and I think it was the wrong step,” he said.

    The former Bekwai MP and First Deputy Speaker of the 8th Parliament stressed that the purpose of public hearings was to create room for citizen participation and scrutiny, which was undermined by the rushed nature of the vetting.

    “The reason we call that a public hearing is that we want to afford the opportunity for the public to participate in it, not because it is in public, but because we want to afford the public the opportunity to participate in it if there is a way,” he explained.

    Osei-Owusu further described the vetting timeline as “needless, hasty, and indecent,” emphasizing that it compromised the integrity of the process and denied the public a fair chance to raise concerns about the nominees.

  • Ato Forson failed to provide concrete solutions to Ghana’s economic problems – Minority

    Ato Forson failed to provide concrete solutions to Ghana’s economic problems – Minority

    Dr. Cassiel Ato Forson, the Finance Minister-designate, has come under fire from the Minority over his responses during his recent vetting before Parliament’s Appointments Committee.

    The criticism, led by Dr. Gideon Boako, Member of Parliament for Tano North, centered on Dr. Forson’s handling of critical economic issues.

    At a press conference on Wednesday, January 15, Dr. Boako accused Dr. Forson of failing to deliver clear and coherent strategies to address Ghana’s pressing economic challenges. He described the nominee’s responses as vague and disappointing.

    “Hon. Cassiel Ato Baah Forson, who appeared as the Finance Minister-designate, was evasive, inconsistent, and lacked clarity of thought,” Dr. Boako stated.

    Dr. Boako argued that Dr. Forson’s experience as a former Deputy Minister of Finance and a ranking member of the Finance Committee should have prepared him better for the vetting process. He criticized Forson’s inability to offer straightforward solutions.

    “Having served as a Deputy Minister of Finance and a ranking member of the Finance Committee, one would have expected his answers to be forthright and to exude concrete solutions,” he added.

    The Minority specifically took issue with Dr. Forson’s response regarding the government’s promise to cover the first-year tuition fees for tertiary students. Dr. Boako expressed frustration with Forson’s failure to give a definitive response.

    “How can a Finance Minister-designate look into the faces of parents and young Ghanaian students and say that because he is not yet the Minister, he cannot answer whether the pledge by President Mahama to pay for their fees would be honoured?” he questioned.

    Dr. Boako asserted that the nominee’s vague response undermined public trust, particularly for students and parents who had relied on the National Democratic Congress’ (NDC) campaign promises. He further accused the NDC of misleading the public with unattainable assurances.

    During his vetting, chaired by Bernard Ahiafor, Dr. Forson had expressed confidence in Ghana’s revenue potential, stressing that enhanced compliance rather than increased taxation could boost revenue collection.

    “We don’t necessarily have to increase taxes before you rake in revenue. What we need to do is improve compliance. I will work with the GRA and the tax policy unit to ensure we increase compliance and raise the revenue as much as we can,” he stated.

    Outlining his goals, Dr. Forson emphasized his commitment to improving Ghana’s tax-to-GDP ratio. “In the medium term, it is my vision, when approved, to increase the tax revenue from 13.8 percent of GDP to about 16 to 18 percent,” he noted.

  • LIVESTREAMING: Vetting of Mahama’s 3 appointees underway

    LIVESTREAMING: Vetting of Mahama’s 3 appointees underway

    The Appointments Committee of Parliament, chaired by Bernard Ahiafor, has commenced the vetting of ministers-designate following the nomination of three key ministers by President John Dramani Mahama.

    The nominees scheduled for vetting include Dr. Cassiel Ato Baah Forson, Minister-designate for the Ministry of Finance; John Abdulai Jinapor, Minister-designate for the Ministry of Energy; and Dr. Dominic Akuritinga Ayine, Minister-designate for the Ministry of Justice and Attorney General.

    Dr Forson and Mr Jinapor have faced the committee and presently, Dr Ayine is before the committee.

  • Ato Forson’s comment on betting tax thrill some netizens; see reactions

    Ato Forson’s comment on betting tax thrill some netizens; see reactions

    Ghanaians have been buzzing on social media after Cassiel Ato Forson, President John Mahama’s nominee for Minister of Finance, promised to remove the betting tax.

    While being vetted on Monday, January 13, 2025, Ato Forson explained that the tax brought in very little revenue for the country, so removing it wouldn’t negatively affect the government’s finances.

    The announcement has led to a mix of reactions from Ghanaians online.

    Most people are excited about the idea of getting rid of the betting tax, eagerly awaiting its removal.

    However, some were surprised to learn how little revenue the tax actually brought to the government.

    During his campaign, President John Mahama had promised to eliminate the betting tax that was introduced by the previous NPP government.

    The strong support for scrapping the tax shows just how unpopular it has been among Ghanaians.

  • School Feeding programme will be sustained, made better – Ato Forson

    School Feeding programme will be sustained, made better – Ato Forson

    Finance Minister-nominee Dr. Cassiel Ato Forson has assured Ghanaians that the School Feeding Programme will not only be sustained but also improved under his watch.

    Speaking during his vetting before Parliament’s Appointments Committee on January 13, Dr. Forson emphasized the importance of the initiative, particularly in rural communities, and expressed concerns about the current funding levels.

    “I come from a rural area, and I know the impact of the School Feeding Programme. My concern is that the amount you give today per child is not enough to feed the child well. The current money is not enough to buy an egg. We will not only sustain it, but we will make it better,” he assured.

    Dr. Forson further pledged that his fiscal policies would balance economic stability with social welfare.

    “Our policies will be designed in a way that, though strong, could preserve growth and protect the vulnerable,” he added.

    The Ghana School Feeding Programme (GSFP) had previously announced an increment in the feeding grant per pupil from GHS1.20 to GHS1.50, which is set to take effect from the second term of the 2023/2024 academic year.

    A statement issued by the GSFP on July 5, 2024, confirmed that the first-term payments were processed at the previous rate of GHS1.20 per pupil as specified in the 2023 budget, emphasizing that exceeding this rate would have posed significant financial challenges.

    “All caterers are kindly requested to exercise a little more patience as we finalize the processes for the second-term payment,” the statement noted, assuring that efforts were underway to clear outstanding arrears at the newly approved rate.

  • Our strong measures will reduce inflation to 8% – Ato Forson

    Our strong measures will reduce inflation to 8% – Ato Forson

    Finance Minister-nominee Dr. Cassiel Ato Forson has expressed confidence that Ghana’s inflation can be reduced to single digits through the implementation of robust fiscal policies, focusing primarily on expenditure control and financial discipline.

    Speaking during his vetting before Parliament’s Appointments Committee on January 13, Dr. Forson outlined his plan to stabilize the economy, emphasizing the need to curb excessive government spending while reducing the country’s dependence on borrowing.

    “If we introduce strong measures, particularly on the expenditure side, we will be able to reduce inflation to 8% plus or minus two,” he asserted, adding that achieving this target would pave the way for reopening Ghana’s domestic bond market and reduce reliance on treasury bills.

    The Ghana Statistical Service (GSS) has previously called for a broader, cross-sectoral approach to tackling inflation, stressing that the burden should not rest solely on the Bank of Ghana (BoG). The GSS urged the inclusion of all government ministries in efforts to manage inflation and stabilize the economy.

    Historically, the BoG has used monetary tools, such as interest rate adjustments, to control inflation. In 2022, the central bank raised interest rates significantly as part of its inflation management strategy. However, by September 2024, the policy rate was reduced to 27%, following a previous nine-month hold at 29%, as inflationary pressures persisted.

    Despite these interventions, the government’s end-of-year inflation target of 15% was missed, with the GSS reporting inflation at 23.8% in December 2024, up from 23.0% in November, driven largely by rising food prices.

    Dr. Forson emphasized the importance of fiscal discipline in restoring economic stability and rebuilding investor confidence. He stressed that the government must operate within its available resources, especially in the face of limited financing options.

    “Let’s deal with expenditure, let’s cut expenditure, and let us not pretend that there is money available,” he urged, calling for prudent financial management as a pathway to stability.

    The minister-nominee further committed to eliminating wasteful spending within the government, stressing that excessive borrowing should not be the default solution. “It is time for us to cut the waste, and I will lead the process,” he declared, urging collaboration from Parliament and other stakeholders to ensure the country stays within its financial means.

    Dr. Forson concluded by reiterating the need for streamlined government spending and responsible financial practices, warning that unchecked borrowing would only exacerbate Ghana’s fiscal challenges.

  • I don’t set cocoa prices, but farmers will get a fair price – Ato Forson

    I don’t set cocoa prices, but farmers will get a fair price – Ato Forson

    Finance Minister-designate Dr. Cassiel Ato Forson has assured cocoa farmers that while he does not have the authority to set cocoa prices, he will advocate for fair pricing to ensure their welfare.

    During his vetting before Parliament’s Appointments Committee, Forson emphasized his long-standing commitment to improving the livelihoods of cocoa farmers.

    “I am the biggest advocate for cocoa farmers. I have done that in the last 8 years, and I have fought for the cocoa farmer year in, year out. I will work to improve the lot of the cocoa farmer, recognising their contribution to the economy,” he stated.

    Acknowledging challenges in the cocoa sector, he warned that the industry is in decline and requires urgent intervention. “The sector is collapsing and dwindling at a very fast rate. We need to do something, including the farm gate price and revamping the sector,” he stressed.

    Clarifying his mandate, Forson pointed out that cocoa pricing falls outside the jurisdiction of the Finance Ministry. “The Ghana Cocoa Board is under the Ministry of Agriculture. It is not under the Ministry of Finance. I don’t have the sole power, prerogative to announce cocoa price today, but as a minister, I’ll be the champion for cocoa farmers and I’ll make sure they get the fair price,” he assured.

    His remarks come after then-President Nana Akufo-Addo increased the producer price of cocoa from GH₵3,000 to GH₵3,100 per 64kg bag for the 2024/2025 crop season. This 3.3% increment, announced ahead of the season, raised the price to GH₵49,600 per tonne, aiming to better reflect market conditions and offer enhanced support to cocoa producers.

  • Ato Forson aims to achieve 8% cedi depreciation

    Ato Forson aims to achieve 8% cedi depreciation

    Dr. Cassiel Ato Forson, the Finance Minister-designate, has set a target to reduce the Ghana cedi’s depreciation rate to 8% in the shortest possible time.

    He revealed this goal during his vetting before the Appointments Committee of Parliament on January 13.

    “We intend to reduce depreciation to 8% in the shortest time,” Dr. Forson announced.

    To achieve this, Dr. Forson outlined a comprehensive strategy to stabilise the economy and restore confidence in the local currency. Key measures include enhancing foreign exchange reserves, boosting export revenues, and curbing unnecessary imports.

    According to him, these interventions would not only stem the cedi’s depreciation but also improve the overall economic outlook for the country.

    The Finance Minister-designate reaffirmed his commitment to addressing the root causes of currency instability and assured the Committee of his readiness to collaborate with stakeholders to create a sustainable economic environment that fosters growth and benefits all Ghanaians.

    The Ghana cedi continued to face significant pressure, losing 3.95% against the US dollar in October 2024, bringing its year-to-date depreciation to nearly 29%. In 2024, the cedi had already depreciated by about 15.57%.

    https://twitter.com/thebankofghana/status/1878704546857591037

  • Govt can generate revenue without increasing taxes – Ato Forson

    Govt can generate revenue without increasing taxes – Ato Forson

    Finance Minister-designate, Dr. Cassiel Ato Forson, has shared his plan to boost revenue without increasing taxes, focusing instead on better compliance.

    Speaking to the Appointments Committee of Parliament, he promised to work closely with the Ghana Revenue Authority (GRA) to improve tax collection processes and ensure greater efficiency.

    “We don’t necessarily need to increase taxes to rake in revenue,” Dr Forson asserted. “We have the handles, and I will work with the GRA to ensure we take in the needed revenue by increasing compliance.”

    Dr. Cassiel Ato Forson expressed confidence in his plan to improve Ghana’s tax-to-GDP ratio, which is currently at 13%, aiming to raise it to 16% to support the country’s development goals.

    He also reassured Ghanaians of the government’s commitment to easing the tax burden by reviewing and removing certain taxes where necessary. This, he explained, would provide relief for individuals and businesses while creating a fairer and more balanced tax system that encourages economic growth.

    As Finance Minister-designate, Dr. Forson stressed the importance of balancing revenue collection with creating a favorable environment for economic activity.

    He stated that his proposed strategies are designed to tackle the country’s fiscal challenges while supporting development without putting excessive pressure on taxpayers.

  • E-levy will be removed immediately after holistic assessment – Ato Forson

    E-levy will be removed immediately after holistic assessment – Ato Forson

    Dr. Cassiel Ato Baah Forson, the Finance Minister-designate, has reaffirmed his commitment to immediately remove the Electronic Transaction Levy (E-Levy) after a thorough evaluation.

    During his vetting with the Appointments Committee of Parliament on January 13, Dr. Forson emphasized his approach to the controversial tax.

    “Why is it always revenue and not expenditure? I think you have a choice of both. Remove the e-levy and replace it or remove e-levy, don’t replace and cut corresponding expenditure. The option is on the table,” he stated.

    Forson further assured that his stance on the E-Levy remains unchanged, saying, “As minister, I will consider the e-levy holistically and the fact that it is going and assess its impact and assess it appropriately but my commitment won’t change. E-levy has to go and it will go immediately.”

    Despite Forson’s assurances, some tax analysts have raised concerns about the potential economic consequences of abolishing the E-Levy without adequate replacements. Tax consultant Francis Timore Boi warned that removing both the E-Levy and the COVID-19 Levy, which are projected to generate GHC7.7 billion in 2025, could undermine the government’s IMF-backed fiscal strategy.

    “If any policy you seek to introduce may bring down revenue, the IMF may not be happy with that,” Boi cautioned. “You are planning to abolish the COVID-19 levy and the E-Levy. COVID-19 levy alone in 2025 is estimated to bring in about GHC5.6 billion. If you take it off, how are you going to replace it? In 2025, we are expecting E-Levy to give us about GHC2.1 billion and in 2026, it is projected to increase to about GHC2.4 billion.”

    Political Scientist Dr. Kwame Asah-Asante also advised caution, recommending that the government consider a phased reduction of the E-Levy rather than its outright removal.

  • ‘It’s time to cut waste, I’ll lead the charge’ – Ato Forson on fiscal discipline

    ‘It’s time to cut waste, I’ll lead the charge’ – Ato Forson on fiscal discipline

    Dr. Cassiel Ato Forson, the Finance Minister-designate, has pledged to focus on fiscal discipline and efficiency in the management of state resources.

    During his vetting before the Appointments Committee of Parliament, Forson emphasized the importance of curbing wasteful government spending as a key strategy to stabilize Ghana’s economy.

    “Governance is not about borrowing and borrowing,” Dr. Forson stated. “It’s time to cut the waste, and I’ll lead the charge.”

    Forson expressed his commitment to ensuring that the country’s resources are utilized wisely, underscoring that eliminating wasteful expenditures will be a priority in his tenure.

    He also acknowledged the role of development partners in securing affordable financing, stating that while reducing waste is his primary focus, he remains open to collaborating with partners to raise low-cost funds when necessary.

    The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye asserts that financial indiscipline is what is causing high inflation and also drop in the strength of the Cedi.

  • Ato Forson clarifies ‘IMF additional funding’ comment

    Ato Forson clarifies ‘IMF additional funding’ comment

    Dr. Cassiel Ato Forson, the Finance Minister-designate, has clarified that he never stated an intention to seek additional funding from the International Monetary Fund (IMF), refuting claims made in recent media reports.

    During his vetting session before the Appointments Committee of Parliament on Monday, January 13, Forson addressed the misrepresentation of his earlier comments.

    “I didn’t say I was going to request additional finance from the IMF,” he stated. “It’s inaccurate reportage. What I said was that we could request additional finance if the need arises.”

    Forson emphasized that his remarks were speculative, with no immediate plans to approach the IMF for additional support. He explained that the intention behind his statement was to highlight the importance of maintaining flexibility in managing the nation’s economic matters.

    He further clarified that seeking additional IMF funding should not be entirely dismissed but would only be considered if circumstances demanded such action.

    The Minister-designate urged the media to report his statements accurately to prevent any misunderstandings or misinterpretations. Forson reiterated his commitment to prudent financial management, assuring the public that all options would be explored to ensure the nation’s economic stability.

    Regarding Ghana’s recent financial situation, Forson confirmed that the government is focused on finalizing agreements with non-Eurobond commercial creditors as part of the ongoing debt restructuring process, which began after Ghana defaulted on most of its external debt in 2022.

    While former President John Dramani Mahama, who served from 2012 to 2017, campaigned on renegotiating Ghana’s IMF bailout terms, market analysts suggest limited room for altering the current programme. Mahama’s stance mirrors that of other reform-minded leaders elected in emerging markets, such as Sri Lanka’s Anura Kumara Dissanayake, who has also called for a reassessment of IMF terms.

  • We will scrap certain taxes – Ato Forson reassures

    We will scrap certain taxes – Ato Forson reassures

    Dr. Cassiel Ato Baah Forson, the Minister-designate for Finance, has reiterated the government’s commitment to removing certain taxes as part of its economic strategy.

    During his vetting session with the Appointments Committee of Parliament, led by Bernard Ahiafor, Forson emphasized that the administration will uphold its pledge to eliminate some taxes while ensuring revenue generation remains a priority.

    Forson explained that while tax cuts are on the horizon, improving tax compliance will be a key focus. “We don’t necessarily have to increase taxes to raise revenue. What is crucial is to enhance compliance,” he stated.

    He outlined his plans to collaborate with the Ghana Revenue Authority (GRA) and the Ministry of Finance’s tax policy unit to boost tax adherence, aiming to increase tax revenue from 13.8 percent of GDP to between 16 and 18 percent in the medium term.

    In addition to addressing tax issues, Forson expressed confidence in the Ghanaian economy’s potential for growth, citing his extensive study of the sector. “We can do better,” he said, reinforcing his optimistic outlook.

    Other ministers-designate, including John Abdulai Jinapor for Energy and Dr. Dominic Akuritinga Ayine for Justice, are also undergoing vetting.

  • I’ll improve tax compliance to increase tax revenue to 16% of GDP – Ato Forson

    I’ll improve tax compliance to increase tax revenue to 16% of GDP – Ato Forson

    Dr. Cassiel Ato Baah Forson, Minister-designate for the Ministry of Finance, has pledged to improve tax compliance to increase Ghana’s tax revenue to 16% of GDP without raising taxes.

    During his vetting before the Appointments Committee of Parliament, chaired by Bernard Ahiafor, Dr. Forson expressed confidence in Ghana’s untapped revenue potential, emphasizing the need for enhanced compliance measures.

    “We can do better. I have studied the Ghanaian economy for some time, and I can say without mincing words that Ghana has huge potential when it comes to tax revenue mobilisation,” he stated.

    He added that the focus would be on working closely with the Ghana Revenue Authority (GRA) and the tax policy unit of the Ministry of Finance to improve compliance and revenue collection.

    “We don’t necessarily have to increase taxes before you rake in revenue. What we need to do is improve compliance. I will work with the GRA and the tax policy unit to ensure we increase compliance and raise the revenue as much as we can,” he noted.

    Outlining his vision, he stated, “In the medium term, it is my vision, when approved, to increase the tax revenue from 13.8 percent of GDP to about 16 to 18 percent.”

    Dr. Forson also reaffirmed the government’s commitment to eliminating certain taxes while remaining focused on revenue generation. “We have announced that we are going to scrap certain taxes. We will stick to just that, but it doesn’t mean we don’t care about revenue. We care about it, and we will have to do more,” he stressed.

    His vetting came as part of the process following President John Dramani Mahama’s nomination of three key ministers, including John Abdulai Jinapor for the Ministry of Energy and Dr. Dominic Akuritinga Ayine for the Ministry of Justice and Attorney General.

  • Appointments Committee vets Ato Forson, 2 other appointees today

    Appointments Committee vets Ato Forson, 2 other appointees today

    The Appointments Committee of Parliament, chaired by Bernard Ahiafor, will commence the vetting of ministers-designate today at 9:00 a.m., following the nomination of three key ministers by President John Dramani Mahama.

    The nominees scheduled for vetting include Dr. Cassiel Ato Baah Forson, Minister-designate for the Ministry of Finance; John Abdulai Jinapor, Minister-designate for the Ministry of Energy; and Dr. Dominic Akuritinga Ayine, Minister-designate for the Ministry of Justice and Attorney General.

    Dr. Forson, nominated for the Finance Ministry, previously served as Deputy Finance Minister under the former National Democratic Congress (NDC) administration. He is an economist, chartered accountant, and tax practitioner with extensive expertise in public finance, macroeconomics, fiscal and tax policy, and business management.

    His academic credentials include a PhD in Finance from the Kwame Nkrumah University of Science and Technology (KNUST) and Master’s degrees in Taxation and Economics from the University of Oxford and KNUST. He also holds a Bachelor of Science degree in Accounting from London South Bank University.

    John Abdulai Jinapor, the nominee for the Ministry of Energy, brings vast experience in energy economics and finance. His academic qualifications include a Master of Arts in Economic Policy Management, an MBA in Marketing, and a Master of Science in Development Finance from the University of Ghana. Additionally, he holds a Master of Science in Energy Economics from the Ghana Institute of Management and Public Administration (GIMPA) and a Postgraduate Diploma in Finance and Financial Law from the University of London.

    Dr. Dominic Akuritinga Ayine, the Minister-designate for the Ministry of Justice and Attorney General, is a seasoned legal expert with previous service as Deputy Attorney General. His legal expertise is expected to strengthen the administration of justice in Ghana.

    These nominations are being considered at a critical time, as the Ghana Grid Company Limited (GRIDCo) has indicated the urgent need for US$89.90 million to avert a potential power crisis and sustain the country’s energy generation capacity.

    Regarding further appointments, President Mahama has assured the public that his full cabinet will be announced by January 24, addressing concerns about the pace of his ministerial appointments. This assurance follows criticism from Minority Leader Alexander Afenyo-Markin, who described the President’s gradual approach to forming his government as “tot-tot.”

  • Appointments Committee to vet Ato Forson, Jinapor, Ayine on Jan. 13

    Appointments Committee to vet Ato Forson, Jinapor, Ayine on Jan. 13

    The Appointments Committee of Parliament will commence the vetting of Ministers-designate on Monday, January 13, at 9:00 am, following the nomination of three key ministers as announced in a statement released by the Committee on January 10.

    The nominees scheduled for vetting include Dr. Cassiel Ato Baah Forson, Minister-designate for the Ministry of Finance; John Abdulai Jinapor, Minister-designate for the Ministry of Energy; and Dr. Dominic Akuritinga Ayine, Minister-designate for the Ministry of Justice and Attorney General.

    Dr. Forson, the Minister-designate for Finance, previously served as Deputy Finance Minister under the former National Democratic Congress (NDC) administration. He is an Economist, Chartered Accountant, and Tax Practitioner with vast expertise in public finance, macroeconomics, fiscal and tax policy, and business management. He holds a PhD in Finance from the Kwame Nkrumah University of Science and Technology (KNUST) and Master’s degrees in Taxation and Economics from the University of Oxford and KNUST. He also earned a Bachelor of Science in Accounting from London South Bank University.

    John Abdulai Jinapor, nominated for the Ministry of Energy, has a wealth of experience in energy economics and finance. His academic qualifications include a Master of Arts in Economic Policy Management, an MBA in Marketing, and a Master of Science in Development Finance from the University of Ghana. He also holds a Master of Science in Energy Economics from GIMPA and a Postgraduate Diploma in Finance and Financial Law from the University of London.

    Dr. Dominic Akuritinga Ayine, the Minister-designate for the Ministry of Justice and Attorney General, is a seasoned legal expert with prior service as Deputy Attorney General. His legal expertise is expected to strengthen the administration of justice in Ghana.

    These nominations come at a crucial time when the Ghana Grid Company Limited (GRIDCo) has indicated an urgent requirement of US$89.90 million to avert a potential power crisis and sustain the country’s energy generation capacity.

  • Ghana likely to seek more funds from IMF due to poor T-bills performance – Ato Forson

    Ghana likely to seek more funds from IMF due to poor T-bills performance – Ato Forson

    The government could seek additional funding from the International Monetary Fund (IMF) during its ongoing three-year programme to stabilize the economy.

    Finance Minister-designate Dr Cassiel Ato Forson disclosed this on Thursday, emphasizing the government’s commitment to working with the IMF while seeking further financial support.

    “We are committed to work with the IMF, but we also want to ensure that we can raise financing; additional finance, working with IMF and other domestic, international partners,” Forson said ahead of a meeting with an IMF team currently in Accra.

    “The reliance on Treasury bills and others has not been very helpful,” added Forson, who previously served as deputy finance minister.

    The IMF has yet to comment on this development.

    The 46-year-old chartered accountant also outlined plans to cut public spending to reduce inflation further.

    “There is a lot of wastage in the system and we will cut them,” he said, noting that the measures would help the government resume domestic bond issuance by mid-year.

    Ghana defaulted on most of its external debt in 2022, leading to a restructuring process nearing its conclusion. Forson confirmed that the government aims to finalize agreements with non-Eurobond commercial creditors.

    President Mahama, who previously led the country from 2012 to 2017, had campaigned on renegotiating the terms of Ghana’s IMF bailout. However, market analysts suggest limited flexibility in altering the current programme.

    Mahama’s commitment mirrors similar pledges by reformist leaders elected in emerging markets last year, such as Sri Lanka’s Anura Kumara Dissanayake, who vowed to reassess IMF terms.

    The president has moved swiftly to form a government, appointing John Abdulai Jinapor as Energy Minister and Dominic Akuritinga Ayine as Attorney General and Justice Minister. Ministerial nominees must receive approval from Parliament, where the NDC holds a two-thirds majority.

    Forson also highlighted plans to overhaul the cocoa sector, which has faced significant challenges.

    “We need to look at the issues of funding, diseased crops, and production very well. The whole sector needs an overhaul,” he stated.

  • Govt likely to seek more funding from IMF – Ato Forson hints

    Govt likely to seek more funding from IMF – Ato Forson hints

    The Mahama administration may request additional financial support from the International Monetary Fund (IMF) under its ongoing three-year programme to strengthen the economy.

    Finance Minister-designate Dr. Cassiel Ato Forson revealed this on Thursday.

    President John Mahama, who was inaugurated this week after defeating the ruling party’s candidate in the December elections, has appointed the former minority leader in Parliament to take on the crucial role of Finance Minister.

    “We are committed to work with the IMF, but we also want to ensure that we can raise financing; additional finance, working with IMF and other domestic, international partners,” Forson, told reporters, ahead of a meeting with an IMF team that is currently visiting Accra.

    “The reliance on Treasury bills and others has not been very helpful,” said Forson, who also served as a deputy finance minister before.

    The IMF has yet to respond to requests for comment.

    Dr. Cassiel Ato Forson, 46, a chartered accountant with a master’s degree in taxation from Oxford and a doctorate in finance from a local university, stated that the new government plans to reduce public spending as part of efforts to bring down inflation.

    “There is a lot of wastage in the system and we will cut them,” he said, adding that the move will also help the government to restart domestic bond issuance by mid-year.

    Ghana, a major producer of gold and cocoa in West Africa, defaulted on most of its external debt in 2022, resulting in a difficult restructuring process that is now nearing completion.

    Finance Minister-designate Dr. Cassiel Ato Forson stated that Mahama’s administration plans to finalize the process by reaching an agreement with the country’s non-Eurobond commercial creditors.

    REVISITING IMF DEAL
    President John Mahama, who previously served as Ghana’s leader from 2012 to 2017, had promised during his campaign to renegotiate the terms of Ghana’s bailout deal with the IMF.

    However, many market analysts believe he has little flexibility and is unlikely to abandon the current IMF programme despite his campaign statements.

    His pledge is similar to promises made by other reformist leaders elected last year in emerging markets, such as Sri Lanka’s Anura Kumara Dissanayake, who also vowed to revisit the terms of an IMF programme and debt restructuring.

    Mahama has committed to quickly forming a government capable of addressing public dissatisfaction by strengthening the economy and creating more job opportunities.

  • Mahama names first three Ministerial appointees; Jinapor heads Energy Ministry

    Mahama names first three Ministerial appointees; Jinapor heads Energy Ministry

    President John Mahama has nominated Dr. Cassiel Ato Forson as Finance Minister-designate, with John Abdulai Jinapor and Dominic Akuritinga Ayine nominated as Ministers-designate for Energy and Attorney General cum Minister of Justice, respectively.

    Dr Ato Forson served as Deputy Finance Minister, John Jinapor, Deputy Energy Minister and Dominic Ayine, Deputy Attorney General in the previous NDC administration.

    This follows Parliament’s official approval of the composition of its Appointments Committee, a crucial body responsible for vetting and recommending nominees for ministerial and other top government positions in President Mahama’s new administration.

    The Committee will be chaired by the First Deputy Speaker, Bernard Ahiafor, with Emmanuel Armah-Kofi Buah serving as Vice Chairperson. Notable appointments include Alexander Afenyo-Markin, the Minority Leader, as the Ranking Member, and Patricia Appiagyei as the Deputy Ranking Member.

    This powerful committee plays a pivotal role in ensuring that nominees put forward by the President for key positions such as Ministers of State and their Deputies are thoroughly scrutinised before receiving parliamentary approval. Their work is guided by provisions in the Constitution and other relevant legislation.

    With this approval, Parliament has set the stage for rigorous vetting of nominees, ensuring transparency and accountability in the appointment process. The committee’s work will be instrumental in shaping the leadership team to execute President Mahama’s vision in his new term.

  • Naana Jane will handle expenditure after swearing in – Ato Forson assures

    Naana Jane will handle expenditure after swearing in – Ato Forson assures

    Minority Leader, Dr. Cassiel Ato Forson, has assured Ghanaians that the incoming government is ready to manage the country’s finances, even though the current administration has failed to submit a mini-budget for the first quarter of 2025.

    This follows the Finance Minister, Dr. Mohammed Amin Adam’s failure to present the mini-budget as the new government prepares to assume office.

    In a statement, Dr. Forson raised concerns about the lack of preparation, which could cause disruptions to key services and place additional stress on citizens.

    However, he emphasized that once Vice President-elect Professor Naana Jane Opoku-Agyemang takes office on January 7, 2025, she will have the authority to present the necessary budget to Parliament before it is formally passed.

    Dr. Forson also made it clear that the outgoing Akufo-Addo-Bawumia government will be held accountable for any unfulfilled state commitments or obligations from January 1 to January 7, 2025.

    The statement noted, “Comrades, there is no cause for alarm! Even though there will be no Minister of Finance on January 7, 2025, the Vice President can present the expenditure in advance of appropriation to Parliament at any time after being sworn in on January 7. Parliament will be properly constituted to expedite the approval process.”

    “While we are deeply disappointed by this development, we caution the outgoing Akufo-Addo-Bawumia government that they will bear full responsibility for all unmet state commitments and obligations from January 1 to January 7, 2025.”

  • Next NDC govt will not betray your trust – Ato Forson to Ghanaians

    Next NDC govt will not betray your trust – Ato Forson to Ghanaians

    Minority Leader Dr. Cassiel Ato Forson has assured Ghanaians that the next National Democratic Congress (NDC) government will not betray the trust reposed in them.

    In a Facebook post on Monday, December 16, Dr. Ato Forson expressed gratitude to Ghanaians for their overwhelming support in the 2024 general election. He reaffirmed the NDC’s unwavering commitment to serving the nation diligently and responsibly.

    “We will not betray your trust; we will serve with humility and integrity,” he stated.

    Dr. Ato Forson emphasised that the NDC fully understands the responsibility entrusted to them and is determined to uphold it. According to him, the incoming NDC government will respect the Ghanaian people by rejecting impunity and greed while prioritising fairness, justice, and development.

    “We will work collaboratively to address the country’s pressing challenges and restore confidence in leadership. We will work tirelessly to honour the trust you have placed in us,” Dr. Ato Forson added.

    The Minority Leader also acknowledged the significant role Ghanaians played in voting for the NDC and expressed the party’s resolve to remain accountable and transparent in its governance.

    His comments come in the wake of Parliament being recalled for crucial deliberations. Dr. Ato Forson used the opportunity to highlight the party’s vision for a governance style that promotes the well-being of all citizens.

    He called on Ghanaians to remain united and hopeful, as the NDC embarks on delivering a government that reflects the aspirations of the people.

  • Success lies in our ability to learn from NPP’s failures – Ato Forson to NDC MPs

    Success lies in our ability to learn from NPP’s failures – Ato Forson to NDC MPs

    Dr. Cassiel Ato Forson, who will serve as the majority leader in Ghana’s next parliament, has called on the National Democratic Congress (NDC) and the new administration to lead with integrity, transparency, and accountability.

    During his speech at the first parliamentary sitting following the December 7 elections, Dr. Forson emphasized that the NDC should focus on addressing the needs of the citizens rather than getting caught up in political maneuvering.

    “May we never become like the Akufo-Addo/Bawumia government,” he stated. “We have to be different. We cannot be like this NPP government. May we be guided by the principles of integrity, probity, and accountability.”

    Dr. Forson underscored the necessity for the new government to correct the missteps of the NPP and focus on delivering tangible benefits for the everyday citizen.

    He urged that policies should center on the needs of the people, emphasizing that the upcoming administration must not repeat past errors.

    The majority leader-elect emphasized that government initiatives must prioritize the welfare of the electorate, not just the interests of political figures and their supporters.

  • We will be guided by integrity so we don’t become like Akufo-Addo’s govt – Ato Forson

    We will be guided by integrity so we don’t become like Akufo-Addo’s govt – Ato Forson

    The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has assured Ghanaians that the National Democratic Congress (NDC) and the incoming government will be guided by integrity, probity, and accountability to avoid repeating the perceived shortcomings of the current administration.

    Addressing Parliament during its first sitting after the December 7 general elections, Dr. Forson emphasized the need for the NDC to prioritize the interests of the people above political gains.

    “May we never become like the Akufo-Addo/Bawumia government,” he stated. “We have to be different. We cannot be like this NPP government. May we be guided by the principles of integrity, probity, and accountability.”

    He urged the incoming government to correct what he described as the failures of the New Patriotic Party (NPP) administration, stressing the importance of delivering on promises that would improve the lives of ordinary Ghanaians.

    Dr. Forson reiterated the need for people-centred policies, cautioning the NDC against repeating past mistakes and urging them to ensure that government initiatives serve the interests of voters rather than political elites and their associates.