Tag: Public Finance
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Somalia Faces Economic Slowdown as International Aid Falls
Overview: Aid Decline and Growth Slowdown Somalia’s steady economic gains in recent years are facing headwinds as international development assistance wanes. In a recent interview with CN, Finance Minister Biixi Iimaan Cige warned that a reduction in aid from major donor countries and institutions is constraining growth, testing the country’s resilience as it seeks to…
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Not in a Hurry to Borrow: Ghana’s Finance Minister Signals Cautious Path to Debt
Ghana’s Debt Strategy: Caution Over Quick Fixes In remarks that drew attention from financial markets and analysts alike, Finance Minister Dr. Cassiel Ato Forson stated that Ghana should not rush back to the international capital market for loans. He framed the stance as a deliberate move to break what he described as a long-standing cycle…
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Ghana Won’t Rush Back to Borrowing: Ato Forson Calls for a Break in the Borrowing Cycle
Introduction: A Cautionary Stance on Borrowing Finance Minister Dr. Cassiel Ato Forson has signaled a deliberate shift in Ghana’s approach to financing its needs. In recent remarks, he stated that he has no intention of rushing the country back into the international capital market for loans. The position marks a pivotal stance in a climate…
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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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COVID-19 Levy to Go: Ghana’s 2026 Budget and Economic Plan
Overview: A Budget This Could Reshape Ghana’s Fiscal Path The Minister of Finance, Dr Cassiel Ato Forson, is slated to present the 2026 Budget and Economic Statement to Parliament amid heightened expectations from citizens, business groups, and policymakers. The headline policy aim widely anticipated is the removal of the COVID-19 levy, a move that could…
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Ayine Defends State Funding for Ghana’s National Cathedral in Supreme Court
Background: The National Cathedral Debate The National Cathedral project in Ghana has long been a lightning rod in public finance discussions. Proponents argue it represents a unifying cultural and spiritual landmark, while critics question the use of scarce state resources for a religiously affiliated project. In this climate, the role of the Attorney General and…
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Malaysia Sets Unsubsidised RON97 at RM3.25 and RON95 at RM2.65 for Nov 13–19
Malaysia Prices Unsubsidised RON97 and RON95 for Nov 13–19 Malaysia’s government has set the unsubsidised retail prices for two key petrol grades, RON97 and RON95, for the week of November 13 to 19. The Ministry of Finance (MOF) announced that RON97 will be priced at RM3.25 per litre while RON95 will be priced at RM2.65…
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Fianna Fáil Faces Rising Apprehension Ahead of Housing Plan Launch
Overview: Troubles Complicate the Housing Plan Rollout The upcoming launch of a government-backed housing initiative is unfolding under a cloud for Fianna Fáil. The party is navigating internal tensions and public scrutiny after revelations linked to a high-profile candidate’s personal finances and a broader review of party procedures. As officials prepare to unveil policy details…
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Wetang’ula calls World Bank to bolster Auditor General’s Office for stronger public audits
Kenya’s Speaker appeals for international backing National Assembly Speaker Moses Wetang’ula has called on the World Bank to extend both technical and financial assistance to the Office of the Auditor General (OAG). The aim is to expand the capacity of the OAG to conduct thorough, impartial audits of public institutions, ultimately strengthening accountability and transparency…
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Mamdani Appoints Budget Guru Dean Fuleihan as First Deputy Mayor
Overview of the Announcement In a move aimed at sharpening the city’s fiscal oversight and strategic planning, Mamdani today announced the appointment of Dean Fuleihan as the city’s First Deputy Mayor. Known for his reputation as a budget guru with a track record of prudent fiscal management, Fuleihan is expected to play a pivotal role…