Tag: Finance Ministry
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Pakistan’s Public Debt Hits a Record Rs80.5 Trillion, NA Told
Overview: A Record Debt Level Revealed to Parliament Pakistan’s public debt climbed to a historic Rs80.5 trillion by the end of June 2025, according to a written reply from the Finance Ministry presented to the National Assembly. The disclosure, prompted by a question from AP-leaning legislator Asif Khan, places debt at a new peak amid…
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Ato Forson: Ghana Won’t Rush Back to International Markets
Ghana’s Borrowing Dilemma: A Fresh Course Under Dr. Ato Forson In a clear departure from past fiscal habits, Finance Minister Dr Cassiel Ato Forson has stated that Ghana won’t rush to the international capital market for new loans. The remarks align with a broader push to break the country’s long-standing cycle of excessive and imprudent…
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Budget 2026: Government Vows to Complete 10 Agenda 111 Hospitals, Says Forson
Overview of the 2026 Budget Stance The 2026 budget presentation in Parliament featured a clear commitment from the government to accelerate healthcare infrastructure, specifically targeting the completion of 10 Agenda 111 hospital projects. Finance Minister Dr. Cassiel Ato Forson stated that the John Dramani Mahama administration laid the groundwork for these facilities, and the current…
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DACF Withdrawal Allegations: Minority Accuses Finance
Background: What is the DACF and why it matters The District Assemblies Common Fund (DACF) is a statutory pool of funds allocated to district assemblies for development projects and service delivery across Ghana. Managed by the Bank of Ghana and disbursed under the oversight of the Ministry of Finance and the Controller and Accountant General,…
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DACF Withdrawal Allegations: Minority Claims GH¢1.4B Unlawful
Overview of the Allegations The Minority in Parliament has raised serious concerns about the management of public funds, accusing the Minister of Finance and the Controller and Accountant General of unlawfully withdrawing GH¢1.4 billion from the District Assemblies Common Fund (DACF) account at the Bank of Ghana. Officials from the governing party have not publicly…
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Japan FX Warning: Yen Nears 155 After Fresh Warning
Japan’s Finance Chief Issues Fresh FX Warning as Yen Closer to 155 Japan’s finance leadership has renewed its caution over currency movements as the yen weakens toward the 155 per dollar threshold. The latest warning comes amid a period of heightened volatility in global currency markets, with investors weighing potential intervention measures, economic growth signals,…
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G-24 Leadership: Nigeria Champions a Fair Global Finance
Nigeria Takes the Lead in the G-24 for a Fairer Global Financial System Nigeria is stepping into a pivotal role on the world stage as it leads the Intergovernmental Group of Twenty-Four (G-24) to push for a fairer, more inclusive, and more responsive global financial system. Finance Minister Ademola Edun has outlined a five-point agenda…
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Finance Ministry blasts IDF overspending—and unveils 2026 budget with new bank tax
Overview: A watershed moment in Israel’s 2026 budget planning The Finance Ministry released the guiding principles for Israel’s 2026 state budget, setting the stage for a political and budgetary showdown with the Defense Ministry. Senior treasury officials publicly accused the military of inefficiency and, in some descriptions, criminal-like practices of overspending. The debate highlights a…