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Govt adjusts 2015 budget for economic prudence

…despite debilitating of international crude oil prices

The Ministry of Finance has intensified measures to realign the 2015 budget following the sharp decline in crude oil prices on the international market.

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IMF loan, reforms won’t take Ghana anywhere

Dr. Onsy Kwame Nkrumah, a Pan Africanist, has said “the IMF loan and reforms will not take Ghana anywhere”.

He has therefore advised the leadership of the country to quickly organise itself to repay the IMF loan as soon as possible to regain the country’s freedom and restore her sovereignty.

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Gov’t to issue $1 billion Eurobond in 2015

The Minister of Finance, Seth Terkper, has revealed that government intends to issue a $1 billion 10-year Eurobond in 2015.

This according to the minister is to settle government debts that will mature in 2017. Finance Minister Seth Terkper told international news agency, Reuters, after a financial assistance deal agreed last week with the International Monetary Fund.

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Chaos in Parliament as Minority MPs chase Terkper out

There was disorder in Ghana’s Parliament on Thursday as Finance Minister Seth Terkper went to the House to present a reviewed 2015 budget statement.

The Minority lawmakers heckled the Finance Minister and his deputies as Terkper was being ushered in to present the budget.

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Finance Minister says Ghc1.6bn paid to scheme

The Ministry of Finance remitted more than GHc1.6 billion into the operational accounts of the National Health Insurance Fund (NHIF) for the 2013 and 2014 fiscal years.

The Minister of Finance, Mr Seth Terkper, who stated this on the floor of Parliament Wednesday, said although Ghana's economy faced macroeconomic challenges in those two years, the government was able to make substantial transfers into the fund.

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