Tag: Finance Ministry
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Brash but Popular: Indonesia’s New Finance Minister Purbaya Wins Praise While Spurring Investor Worries
Introduction: A Bold Arrival Two months into his tenure, Purbaya Yudhi Sadewa has become a focal point in Indonesia’s policy debate. His rapid policy shifts and outspoken style have earned him widespread domestic praise while triggering caution in financial markets. As the country wrestles with slower growth and inflation pressures, the new finance minister’s approach…
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FinMin Revisits Merger Plans for State-Owned General Insurance Firms
Finance Ministry Reconsiders Merger of State-Owned General Insurance Companies The Finance Ministry is revisiting a long-discussed plan to merge the country’s three state-owned general insurance companies into a single entity. The renewed proposal follows notable improvements in the financial health and operational performance of the agencies, signaling a potential shift toward greater efficiency, scale, and…
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Ethiopia Signals Strong Commitment to Transparency, Accountability, and Fiscal Governance
Introduction: A Renewed pledge to good governance In Addis Ababa on November 19, 2025, Ethiopia’s Ministry of Finance reiterated the country’s unwavering commitment to strengthening transparency, accountability, and fiscal governance. The reaffirmation came during a high-level meeting of the Public Financial Management (PFM) reform committee, where senior officials emphasized that transparent budgeting, effective public expenditure…
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OSP Case Against Ken Ofori-Atta: A Long Road Ahead
Background: A 78-Count Case and High Stakes The Office of the Special Prosecutor (OSP) in Ghana has filed a 78-count case against former Finance Minister Ken Ofori-Atta, marking another high-profile chapter in the country’s ongoing fight against corruption. The development has instantly become a focal point for political debate, legal pundits, and the public at…
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OSP Hurdles Ahead: Ken Ofori-Atta Faces 78-Count Case
Introduction: A High-Profile Challenge for the Office of the Special Prosecutor The Office of the Special Prosecutor (OSP) has filed a 78-count case against former Finance Minister Ken Ofori-Atta, signaling a major escalation in Ghana’s anti-corruption efforts. Frank Davies, the lawyer representing Ofori-Atta, stated on JoyNews’ Top Story that he is not surprised by the…
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ECC Approves Grants for Security and Defence Projects in Pakistan
Overview The Economic Coordination Committee (ECC) of Pakistan has approved grants tied to security and defence projects, highlighting the government’s ongoing efforts to bolster national safety. Chaired by Finance Minister Muhammad Aurangzeb, the ECC’s decision underscores a coordinated approach to funding essential defence infrastructure, equipment modernization, and related security initiatives. The move comes amid a…
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ECC Approves Security and Defence Grants for Pakistan
What the ECC Decision Entails The Economic Coordination Committee (ECC) of Pakistan has approved a set of grants dedicated to security and defence initiatives. Chaired by Finance Minister Muhammad Aurangzeb, the meeting underscores the government’s focus on strengthening national security infrastructure, procurement, and related capacity-building programs. The formal approval signals the government’s intention to align…
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Somalia’s Growth Hit by Declining International Aid, Says Finance Minister
Overview: A Growing Economy Meets Waning Aid Somalia has shown signs of economic resilience in recent years, with notable improvements in sectors like agriculture, livestock, and small-scale trade. Yet the country’s progress faces a new hurdle as the government reports that a sharp decline in development assistance from international donors is slowing overall growth. Finance…
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Pakistan’s Public Debt Reaches Record Rs80.5 Trillion: What It Means for the Economy
Overview: A Record-Breaking Debt Level Pakistan’s public debt rose to a new high of Rs 80.5 trillion by the end of June 2025, according to a written reply from the Finance Ministry to the National Assembly. The disclosure, submitted in response to a query by lawmaker Asif Khan, underscores the continuing fiscal challenges facing the…
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Pakistan’s Public Debt Reaches 80.5 Trillion Rupees: What It Means for the Economy
Overview: A Record Public Debt Pakistan’s public debt rose to an all-time high of 80.5 trillion rupees by the end of June 2025, the Finance Ministry told the National Assembly in a written response. The figure marks a new milestone for the country’s borrowing, reflecting ongoing fiscal imbalances, higher financing needs, and the challenging macroeconomic…