ghananlpcommunity/ghana-gov-speeches-sentences huggingface dataset:
Speaker, provision has been made for the clearance of up to 20 percent of the outstanding claims from previous years whiles we await the outcome of a special forensic audit of these outstanding claims.
Speaker, Compensation of Employees is estimated at GH¢16.0 billion (7.9 percent of GDP).
Of this amount, GH¢14.0 billion, equivalent to 6.9 percent of GDP.
Expenditure on Goods and Services is estimated at GH¢3.5 billion, representing 1.7 percent of GDP.
Total Interest Payment estimated at GH¢13.9 billion, represents 23.9 percent of total expenditure and is equivalent to 6.9 percent of GDP.
Of this amount, domestic interest payment constitutes 80.5 percent of the total Interest Payment and amounts to GH¢11.2 billion.
Speaker, the existing legislation that have underpinned the estimation of Grants to other Government units over the years is being reviewed to break the cycle of rigidities in the Budget.
Consequently, Grants to other Government units, comprising statutory payments into the National Health Insurance Fund, Ghana Education Trust Fund, the District Assemblies Common Fund, Road Fund, Energy Fund, transfer to the Ghana National Petroleum Company, retention of internally-generated funds by MDAs and other earmarked Funds has been constrained to a ceiling of 25 percent of tax revenues.
The total allocation for grants to Other Government Units is GH¢9.7 billion.
Speaker, in addition to the significant tax incentives granted in this year’s Budget, an amount of GH¢241.2 million has been budgeted in Social Benefits to assist lifeline consumers of electricity and transfers for social protection.
A total amount of GH¢7.1 billion has been allocated for capital expenditure.
Of this amount, 38.9 percent will be financed from domestic sources and the remaining from foreign sources.
Overall Budget Balance and Financing for 2017 81.
Speaker, based on the revenue and expenditure estimates, the 2017 budget will result in an overall budget deficit of GH¢13.2billion, equivalent to 6.5 percent of GDP.
Financing of the deficit will be from both domestic and foreign sources.
Net Domestic Financing is estimated at GH¢14.6 billion, equivalent to 7.1 percent of GDP, and includes financing from divestiture proceeds of GH¢1.8 billion.
Net foreign financing is estimated to constitute a net repayment of GH¢1.3 billion, equivalent to 0.6 percent of GDP.
An amount of GH¢300.7 million, equivalent to 0.1 percent of GDP is estimated to be saved in the Ghana Petroleum and Contingency Funds while the Sinking Fund is expected to be drawn-down by GH¢716.1 million.
Projection of 2017 Petroleum Receipts and allocation 83.
Speaker, the estimated Benchmark Revenue (BR) price for crude oil is US$56.142 per barrel for 2017 with a benchmark output of 43,875,920 barrels (120,208 bopd) and 32,512,497 MMBtu for oil and gas, respectively.
The petroleum revenue for 2017 is estimated at US$515.64 million, with BR projected at US$242.08 million.
Mr Speaker, the second 3-year cycle for the review of the petroleum revenue distribution formula, as stipulated in the PRMA, has elapsed.
We would like to request this august House to maintain the existing distribution formula as follows: · 30 percent of the net Carried and Participating Interest to GNPC; · 70 percent of net receipts (after GNPC’s) to the ABFA; · 30 percent of net receipts (after GNPC’s) to the Ghana Petroleum Funds; · 30 percent of the amount allocated to the Ghana Petroleum Funds to the Ghana Heritage Fund; and · 70 percent of the amount allocated to the Ghana Petroleum Funds to the Ghana Stabilisation Fund.
We would also like the House to approve the following priority areas for the spending of the ABFA for 2017-2019, in line with the PRMA: · Agriculture;
Speaker, Honourable Members of Parliament, on the authority of H.E.
President Nana Addo Dankwa Akufo-Addo, I beg to move that this Honourable House approves the Financial Policy of the Government of Ghana for the year ending 31 st December, 2021.
On the authority of H.E.
the President, and in accordance with Articles 179 and 180 of the 1992 Constitution, permit me to present to this august House, the Budget of the President of the Republic of Ghana.
Speaker, the Statement is an abridged version of the 2021 Budget Statement and I would like to request the Hansard Department to deem the entirety of the Budget Statement and Economic Policy as having been read and capture same in the Hansard of today Friday 12 th March, 2021.
I also submit to this august House the following statutory reports: The 2020 Annual Report on the Petroleum Funds, in accordance with Section 48 of the Petroleum Revenue Management Act, 2011 (Act 815), as amended The 2020 Report on the Utilization of the African Union Levies; and The 2020 Annual Debt Report, in accordance with Section 72 of the Public Financial Management Act, 2016 (Act 921) 5.
Mr Speaker, on October 28, 2020, in accordance with Article 180 of the 1992 Constitution, government laid the Expenditure-in-Advance-of -Appropriation in the House.
I wish to report that the subsequent approval of those Estimates by this august House has made it possible for Government business and public services delivery to continue uninterrupted in the first quarter of 2021.
Mr Speaker, just three days ago on March 9, 2021, H.E.
the President of Ghana, Nana Addo Dankwa Akufo-Addo presented the first message on the State of the Nation of his second term.
In that address, he clearly stated that even though, like other countries around the world, we have had to go through the worst possible pandemic of our lifetime, the nation is in relative good state, thanks to the Grace of God and to the swift, decisive, responsible and necessary actions taken by Government to contain the virus, support families and sustain the economy.
Today, I stand here on his behalf to present to you, the state of the economy; how we have managed to mitigate and survive the pandemic and eke out a projected positive growth rate of 0.9 per cent in 2020 contrary to the initial fears of a negative growth rate as experienced elsewhere.
I will also present to you deliberate and well thought out strategies that will hasten our recovery and place us on a confident path of sustained economic transformation.
Right Honourable Speaker, Honourable Members of Parliament, on the authority of H.E.
President Nana Addo Dankwa Akufo-Addo, I beg to move that this august House approves the Financial Policy of the Government of Ghana for the year ending 31st December, 2022.
the President, and in accordance with Articles 179 and 180 of the 1992 Constitution, I present to this House, the Budget of The President of the Republic of Ghana for the 2022 Financial Year.
I also submit to this House the following statutory reports: i. the 2021 Annual Report on the Petroleum Funds, in accordance with Section 48 of the Petroleum Revenue Management Act, 2011 (Act 815), (as amended) and ii.
the 2021 Report on the Utilization of the African Union Levies in accordance with Section 7 of the African Union Import Levies Act, 2017 (Act 952).
Speaker, this statement is an abridged version of the Budget Statement and Economic Policy of the Government of Ghana for the 2022 Financial Year.
I, therefore, request that the entire Budget Statement and Economic Policy of the Government of Ghana for the 2022 Financial Year be captured in the Hansard.
Speaker, exactly 1 year, 8 months and 5 days today, Ghana confirmed its first case of COVID-19.
Since then, efforts to contain the virus and its impact on our lives have dominated the actions of government – not only here in Ghana, but across the globe.
The Covid-19 pandemic, which has swept through the world, has upended, and exposed, the weaknesses in some of the critical structures and systems in education, health, economic life, communities and everyday family life.
The pandemic triggered a sharp and heavy slump in global supply chains as the lockdowns and restrictions led to reductions in demand and production levels.
The pick-up in demand for goods this year has also created a new inflationary problem with the consequential rise in the cost of shipping, disruption of the global supply chain, and exacerbated by increase in world fuel prices.
Your Excellency, John Mahama, President of the Republic of Ghana, Nana Kobina Nketsiah, President of the Western Region and our Chairman for this occasion, Honourable Ministers of State, Members of the Diplomatic Corps, Mr.
Isaac Tandoh, CEO of the Minerals Commission, Captains of Industry, Policymakers and Stakeholders, Friends from the Media, Distinguished Ladies and Gentlemen, Good Morning, First of all, as a proud son of the soil, allow me to welcome you to the capital of the most beautiful region of Ghana, where only the best comes from.
To have this distinguished convergence of the brightest minds, the most experienced hands, and the most committed hearts in Ghana's mining sector, all gathered here today under one roof, is truly special.
Thank you all for making time to honour our invitation, to share ideas, to build meaningful networks, and to appreciate the landscape within which we operate.
President, permit me to begin by expressing our profound gratitude for your thoughtful and visionary leadership.
Your Reset Agenda has given renewed hope and direction to Ghana's march toward economic sovereignty.
This we have seen and felt in your unwavering commitment—a commitment that has brought every one of us here today—to ensuring that Ghanaians own, participate in, and benefit from the wealth beneath our feet.
With the courage of conviction and the clarity of purpose that define your leadership, you constantly remind us that the resources God has deposited in Ghanaian soil are only meant to build schools, hospitals, roads, and industries right here at home and nowhere else.
For that, we say thank you, Your Excellency.
situs slot777 madridtoto I also wish to commend the Minerals Commission, under whose diligent stewardship this vision has been translated into action.
To the CEO and his entire team, you have taken His Excellency's charge and run with it.
You have understood that regulation is not merely about policing compliance but about catalysing transformation.
Distinguished Ladies and Gentlemen, Ghana's mining sector is not a newcomer to the story of Ghana’s development.
From the rich gold belts of Obuasi, Tarkwa, and Prestea, to the manganese deposits of Nsuta, the bauxite riches of Awaso and Nyinahin, and iron, cobalt, and several other mineral deposits waiting to be harnessed, Ghana sits on some of the most enviable mineral endowments on the African continent.
For over a century, we have dug deep into the earth, extracting these minerals to fund infrastructure, support livelihoods, and contribute significantly to our foreign exchange earnings.
Today, mining contributes about 43% of our total merchandise exports and employs millions of Ghanaians directly and indirectly.
But here is the uncomfortable truth, ladies and gentlemen: despite all this wealth, the mining sector has largely operated as an enclave.
It has existed alongside our economy, but not fully within it.
We have been prolific producers, yet passive participants.
The value has flowed through our hands, but too much of it has settled elsewhere.
Why should our local businesses, despite their immense potential, capture less than 40% of the procurement spend in a sector that generates billions of cedis in expenditure annually?
Why should over 70% of high-value services—engineering design, equipment supply, and specialized technical support—still be sourced from outside our borders?
This is the gap we are here to close.
The truth of the matter is, we have the talent and the will.
I have seen it in the eyes of young Ghanaian engineers in our mining towns—brilliant minds who can diagnose complex problems but oftentimes lack the partnerships to build the solutions.
What we seek is a structured, intentional, backed-by-capital-and-technology opportunity—the kind that transforms potential into performance.
This is precisely where the power of partnership comes in.
Just imagine, for a moment: When a Ghanaian fabrication company enters into a joint venture with an international engineering firm, the result is not just a contract fulfilled.
It is knowledge transferred, skills upgraded, and confidence built.
When a local technology startup partners with a mining multinational to develop a drone-based ore monitoring solution, the result is not just cost savings for the mine.
It is a Ghanaian innovation that can be exported to mining operations across Africa.
When a Ghanaian-owned company holds equity in a mining operation, the result is not just dividends.
It is a stake in the nation's future, a voice in decision-making, and a commitment to sustainable practices that outlast any single mining cycle.
This is the vision we are pursuing.
Osagyefo Dr.
Kwame Nkrumah told us, "We must ourselves take advantage of our resources to provide the means for our own development.
It is only by so doing that we shall be able to develop the productive capacity of our people and raise the standards of life in Africa."
These words, spoken decades ago, still burn with the fire of relevance today.
Osagyefo understood that political independence without economic independence was incomplete.
He understood that the wealth of our land must serve the welfare of our people.
Your Excellency, this is precisely what your Reset Agenda seeks to achieve.
This is precisely what local content and indigenisation are all about—not just policies on paper, but progress measured in the lives of our people.
For us at the Ministry of Lands and Natural Resources, and the Minerals Commission, it is not just talk!
Your Excellency, Nana Chairman, I want to assure you that the foundation is already being laid.
The Minerals Commission has developed a Mining Local Content and Local Procurement Policy Framework that prioritises Ghanaian participation, not as an afterthought, but as a strategic imperative.
The establishment of a Special Purpose Vehicle to drive sustainable partnerships and industrialisation is well underway.
We are moving, steadily and surely, from policy to practice!
But, distinguished ladies and gentlemen, let me pause here and speak plainly, because this is important, and it must be said with the gravity it deserves.
This platform we are creating, this great opportunity we are opening for Ghanaian participation, comes with a solemn warning: We frown on, and we will not condone, any form of fronting using Ghanaians.
Let me restate it, the practice where foreign companies hide behind Ghanaian names, using our people as mere masks to satisfy regulatory requirements while retaining all the control and all the benefits, is a theft of opportunity and a betrayal of everything this summit stands for.
To my fellow Ghanaian brothers and sisters, do not sell your birthright for crumbs when you can own the bakery.
While government can create the enabling environment, provide the policies, incentives, and infrastructure, the onus of supplying entrepreneurial energy, innovations, and partnerships lies with the rest of us—the captains of industry, the entrepreneurs, the investors, the professionals gathered in this room.
Ghana is not merely a destination for extraction, but a partner in progress.
When you form joint ventures with Ghanaian companies, when you invest in local supplier development, when you share technology and train our people, you are not just fulfilling a regulatory requirement.
You are building a sustainable future for your own operations because a prosperous, skilled, and empowered local community is the best guarantee of operational stability.
To our Ghanaian entrepreneurs and businesses: We have opened the door, the opportunity is here, and it is real.
But with opportunity comes responsibility, and we must rise to the challenge of quality, efficiency, and innovation.
We must invest in our own capacity, professionalise our operations, and meet global standards.
The time has come to earn contracts because we are competent and competitive—not merely because we are Ghanaian.
Nananom, our traditional leaders, your role in this transformation is indispensable.
We commit to strengthening community engagement processes and ensuring that development agreements deliver tangible benefits to your people.
So, we invite you to hold us accountable and partner with us to ensure that mining communities are not just sites of extraction but centres of genuine development.
Ladies and gentlemen, these minerals are finite.
But the capabilities we build, the industries we establish, the partnerships we forge, those can be infinite.
They can outlast the mines, outlive the deposits, and become the enduring legacy of this generation.
That is why we must move beyond compliance to commitment, beyond business-as-usual to bold transformation.
As we deliberate over these two days, let us ask ourselves these questions: • How do we ensure that the gold we mine is refined here, crafted here, and becomes the foundation for a thriving jewellery and manufacturing sector—a sustainable economic cushion for generations to come?
• How do we ensure that our lithium deposit powers not just electric batteries in other countries, but industries and jobs right here in Ghana?
• How do we ensure that the thousands of young Ghanaian engineers and mining professionals have the partnerships, the technology, and the opportunities to build the future they dream of?
Your Excellency, Nananom, Distinguished Ladies and Gentlemen, I am very optimistic, not because I think the path is easy, but because I know that the people in this room have the power to make it possible.
Now is the time for integrated, inclusive, indigenised mining that will secure our future!
The Minister of Finance, Dr Cassiel Ato Forson, presented the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23, highlighting what he described as strong signs of economic recovery under the Mahama administration.
According to the Finance Minister, Ghana's economy is on a steady path to recovery, with key macroeconomic indicators showing significant improvement.
He said the Ghana cedi has stabilised and attributed the country's improving economic performance to what he called "superior economic management", insisting that the recovery is the result of deliberate policy decisions rather than luck or external support.
Dr Forson also announced that the policy rate has fallen to 14 per cent, a development he said is creating a more favourable environment for businesses.
According to him, lower interest rates will enable investors and businesses to borrow more affordably, expand their operations and create jobs.
He said that the government's economic reforms are beginning to yield results and assured Ghanaians that "Ghana is not going back under President Mahama," but is instead "moving forward steadily."
Ladies and gentlemen of the media, good afternoon.
I welcome you to another press conference by the campaign of the New Patriotic Party (NPP).
We are grateful to you for your continued contribution to democracy in our country.
This afternoon, we have called you in respect of three matters: To give an overview of where our campaign has come from, where we are now and the last steps that we plan to take before the ballots are cast on December 7, 2020.
We shall also make the point, that the NPP is the only party in fourth republican history, whose tenure in office brings tremendous progress to the lives of the citizens and the country generally.
Lastly, we seek to alert the Ghanaian people about the desperation of our opponents, specifically, the NDC and how in view of their sinking campaign they have resolved to throw mud in the last week of the campaign, hoping that it will revive their dead campaign.
Ladies and gentlemen of the media, because of the COVID pandemic, this year’s campaign has not been characterised by the usual huge rallies and street carnivals that have been the characteristics of all campaigns around the world.
Nonetheless, we have through the various planks of our campaign structure, covered every blade of grass in the country.
We have tried to knock on every door around the communities in the country.
Our social media campaign has been vibrant and engaging.
We know that more than 55 percent of the electorate are young people who are active on social media.
We have through all the party’s media handles, the President and Vice President’s pages, the First and Second ladies, and even on the pages of key members of the campaign, sold our message to the country and we are confident that Insha Allah, victory beckons us on December 7, 2020.
We are confident that Nana Addo Dankwa Akufo-Addo shall be given another four years to do more for our country.
We find that our number one position on the ballot is indicative of the position we shall occupy when all the ballots are tabulated.
The President since assuming office in 2017, has every year toured the whole country to listen to the concerns of the people, inform them of what he is doing to address the challenges of the nation, commission projects, engage with the citizenry and generally bring governance to the door steps of the people.
Indeed, no President in fourth republican history has engaged the citizenry in the course of his tenure like President Akufo-Addo has done.
That programme continued all through this year.
Indeed, the President only recently switched to full campaign gear as presidential candidate of the NPP.
Since switching to campaign mode, the President has been busy crisscrossing the regions and selling his message to the people.
Many Ghanaians have had cause to complain that the President works too hard for his age.
But the President believes that the country’s development agenda should supercede and personal his comforts.
He continues to work with all his will and all his might, to ensure that we achieve a Ghana beyond aid.
All the flagship programmes that the President initiated and is executing will ensure that we achieve a Ghana beyond aid.
Our industrialization programme of one district, one factory, anchored on a revival of the agricultural sector with the planting for food and jobs programme, provide jobs for thousands of Ghanaians, both old and young.
Ladies and gentlemen of the media, I am sure we have all seen the testimony of the former NDC MP for Ejura, Hon.
Pangabu, who shows the prosperity that the planting for food and jobs campaign has brought, not just to him and his family, but also to the hundreds of both casual and permanent workers that he has employed on his farms.
Thousands of farmers in the north and across the country continue to be grateful for the pride that President Akufo-Addo has restored to the business of farming in this country.
Ladies and gentlemen of the media, president Akufo-Addo inherited an economy that was at the brink of collapse and a generally demoralized society.
We put our shoulders to the wheel, and in three years, we doubled economic growth, reduced the rate of exchange rate depreciation, and improved our external payments position.
The improvement in the economy is what enabled us to restore teacher-trainee allowances, nurses trainee allowances, implement free SHS, and clean up the financial sector mess which the government of John Mahama created.
This is the message that the President has been preaching to the Ghanaian people.
The Vice President has also been around the country.
Indeed, in the last few months, he has toured virtually all the 16 regions, selling the story of the NPP’s tenure so far.
Indeed, many countries around the world continue to reel under the pressure of the pandemic.
The World Bank and IMF project that economies around the world will rebound from 2024 onwards.
Yet, Ghana, is beginning to rebound much earlier than all the economic pundits of the world have predicted.
A few day ago, Bloomberg had this to say about Ghana: “Ghana was one of the first countries in sub Saharan Africa to lower interest rates to counter the virus shock, and its economy has performed better than forecast even as the pandemic stalled activity and oil price slumped.”
The First and Second ladies have also been around the country.