• About
  • Advertise
  • Privacy & Policy
  • Contact
JoyNewsRoom
  • Home
  • News
  • Entertainment
    Big Brother will return next year on ITV2 and online

    Big Brother will return next year on ITV2 and online

    PICTURES: Lil Win ties the knot in beautiful traditional ceremony

    PICTURES: Lil Win ties the knot in beautiful traditional ceremony

    Jackie Mensah: I used to prank call Yvonne Nelson when I was seven

    Jackie Mensah: I used to prank call Yvonne Nelson when I was seven

    I didn’t go to the VGMAs because I’ve been busy promoting my album – Kwesi Arthur

    I didn’t go to the VGMAs because I’ve been busy promoting my album – Kwesi Arthur

    VIDEO: Rihanna to launch Fenty beauty products in Africa

    VIDEO: Rihanna to launch Fenty beauty products in Africa

    VGMA Artiste of the Year win is a dream come true–KiDi 

    VGMA Artiste of the Year win is a dream come true–KiDi 

  • Politics
  • Local
  • Sports
  • World
No Result
View All Result
  • Home
  • News
  • Entertainment
    Big Brother will return next year on ITV2 and online

    Big Brother will return next year on ITV2 and online

    PICTURES: Lil Win ties the knot in beautiful traditional ceremony

    PICTURES: Lil Win ties the knot in beautiful traditional ceremony

    Jackie Mensah: I used to prank call Yvonne Nelson when I was seven

    Jackie Mensah: I used to prank call Yvonne Nelson when I was seven

    I didn’t go to the VGMAs because I’ve been busy promoting my album – Kwesi Arthur

    I didn’t go to the VGMAs because I’ve been busy promoting my album – Kwesi Arthur

    VIDEO: Rihanna to launch Fenty beauty products in Africa

    VIDEO: Rihanna to launch Fenty beauty products in Africa

    VGMA Artiste of the Year win is a dream come true–KiDi 

    VGMA Artiste of the Year win is a dream come true–KiDi 

  • Politics
  • Local
  • Sports
  • World
No Result
View All Result
JoyNewsRoom
No Result
View All Result

Call for new budget premature – Finance Ministry

JoyNewsRoom by JoyNewsRoom
March 21, 2019
in Business
0
Call for new budget premature – Finance Ministry
0
SHARES
51
VIEWS
Share on FacebookShare on Twitter

A Deputy Minister of Finance, Charles Adu Boahen has shot down calls by the Minority in Parliament on government to draft a new budget to save the economy from further shocks.

“I really believe that it is a bit premature to start talking about re-doing the budget,” he said on the Citi Breakfast Show on Thursday.

The Minority on Wednesday called for a new budget to save the economy from current vulnerabilities triggered by the depreciation of the cedi.

Minority Spokesperson on Finance, Cassiel Ato Forson argued that “the rapid decline in the value of the cedi has thrown the economy in disarray and the projections surrounding it as contained in 2019 budget.”

He insisted that the current situation has undermined the confidence in the economy and is also “sending wrong signals to the investor community.”

“This calls for urgent steps to be taken by government to restore the economy. The starting point is that we should be considering a new budget which considers all the distortions and serious problems occasioned by the fall of the value of the cedi,” he added.

But responding to the call on the Citi Breakfast Show, Adu Boahen discounted such claims saying issues with the currency are being resolved.

“Already we’ve seen in the last week a recovery of the currency by over ten percent so most of the losses have been regained. And I believe that my Minister was being a prophet when he prophesized that in two weeks the currency will be back to normal. And we have already started seeing the recovery,” he added.

Adu Boahen said they are already aware of challenges that caused the cedi to depreciate noting that they are working assiduously to resolve the issue.

“We know why the currency was under pressure and we know how to get it back. It was under pressure because one of the key intervention tools the Bank of Ghana had at its disposal was sort of restrained…That has now been resolved. The bond happened yesterday, we’ve raised a sizable bond offering and all the speculators are selling off their dollars. The question here is has the fundamentals change? The answer is that the fundamentals are very strong. We haven’t had a stronger economy than what we see today in a long time,” the Deputy Finance Minister insisted.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Previous Post

I pray cedi will depreciate again... Fifi Kwetey

Next Post

World Bank Africa Vice President heads to Ghana for 3-day working visit

JoyNewsRoom

JoyNewsRoom

Next Post
World Bank Africa Vice President heads to Ghana for 3-day working visit

World Bank Africa Vice President heads to Ghana for 3-day working visit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
We will abolish Free SHS completely- General Mosquito.

We will abolish Free SHS completely- General Mosquito.

October 2, 2018
Felix Ofosu Kwakye’s Properties Auctioned.

Felix Ofosu Kwakye’s Properties Auctioned.

April 18, 2019
2016 Defeat: Aseidu Nketia and Co looted campaign funds- Mahama

2016 Defeat: Aseidu Nketia and Co looted campaign funds- Mahama

September 26, 2018
Fallouts from NDC Demo: Joshua Akamba and Sammy Gyamfi in near blows over GHc 300k Demo cash.

Fallouts from NDC Demo: Joshua Akamba and Sammy Gyamfi in near blows over GHc 300k Demo cash.

January 11, 2020
NPP will have a difficult time marketing any other candidate besides Dr. Bawumia in 2024

NPP will have a difficult time marketing any other candidate besides Dr. Bawumia in 2024

1
Bawumia acts as President as Akufo-Addo embarks on 10-day working visit to France, Guyana, Belgium, Germany, UK

Bawumia acts as President as Akufo-Addo embarks on 10-day working visit to France, Guyana, Belgium, Germany, UK

1
NABCO Outlines Exit Plan for the Remaining 67,657 trainees to MPs

NABCO Outlines Exit Plan for the Remaining 67,657 trainees to MPs

1
I haven’t endorsed any NDC candidate; Rawlings fumes

I haven’t endorsed any NDC candidate; Rawlings fumes

0
Aseidu Nketia wins NDC chairmanship race.

Aseidu Nketia beats Ofosu in a landslide victory.

December 18, 2022
Ghana tops in access to financial inclusion in Africa

Ghana tops in access to financial inclusion in Africa

October 27, 2022
We should be bold and deliberate in restoring fiscal discipline, says Bawumia

We should be bold and deliberate in restoring fiscal discipline, says Bawumia

October 27, 2022
Standoff, no show in some NDC constituency elections

Standoff, no show in some NDC constituency elections

October 24, 2022

Recent News

Aseidu Nketia wins NDC chairmanship race.

Aseidu Nketia beats Ofosu in a landslide victory.

December 18, 2022
Ghana tops in access to financial inclusion in Africa

Ghana tops in access to financial inclusion in Africa

October 27, 2022
We should be bold and deliberate in restoring fiscal discipline, says Bawumia

We should be bold and deliberate in restoring fiscal discipline, says Bawumia

October 27, 2022
Standoff, no show in some NDC constituency elections

Standoff, no show in some NDC constituency elections

October 24, 2022
JoyNewsRoom

Wherever, Whenever and However, we report to our readers exactly as it happens

Follow Us

Browse by Category

  • Business
  • Education
  • Entertainment
  • Featured
  • General
  • Health
  • Lifestyle
  • Local
  • News
  • Opinion
  • Politics
  • Sports
  • Uncategorized
  • World

Recent News

Aseidu Nketia wins NDC chairmanship race.

Aseidu Nketia beats Ofosu in a landslide victory.

December 18, 2022
Ghana tops in access to financial inclusion in Africa

Ghana tops in access to financial inclusion in Africa

October 27, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2018 JoyNewsRoom Crafted by Creative Consult.

No Result
View All Result
  • Home
  • News
  • Entertainment
  • Politics
  • Local
  • Sports
  • World

© 2018 JoyNewsRoom Crafted by Creative Consult.