Tag Archives: Fund

Mahama settles GH₵6bn DDEP coupon, paid GH₵9.7 billion into the Sinking fund

President John Mahama has directed the Ministry of Finance to honour the Payment-In-Cash (PIC) coupon of GH₵6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders. Government has also paid into the Debt Service Recovery Cedi Account (Sinking fund) an amount of GH₵9.7 billion as a buffer for the 5th …

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Mahama promises to establish US$50 million Transformative Growth Fund to support Ghanaian-owned Fintech companies

Former president and flagbearer of the National Democratic Congress (NDC) John Dramani Mahama has promised to establish a US$50 million Transformative Growth Fund to support Ghanaian-owned Fintech companies in addressing their financial needs. The move he said will help groom fintech innovators into technology entrepreneurs, attract investment, and create jobs. …

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Paying Assembly Members from Consolidated fund is unconstitutional – Local Governance Expert

Former Minister for Local Government, Rural Development and Environment, Hon. Kwadwo Adjei-Darko has said it is unconstitutional to pay Assembly Members monthly allowance from the Consolidated fund. Backing his argument with the Constitution, he said, Article 250 (1) of the 1992 constitution of Ghana clearly states that the emoluments of …

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