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Successive governments will borrow more if domestic resource mobilisation isn’t improved – Oppong Nkrumah
![Information Minister Kojo Oppong Nkrumah. [Photo credit/GBC]](https://spectator.com.gh/wp-content/uploads/2022/07/762022110241-1h830o4aau-fw-f8kswyaect8-e1657101736549.jpg)
Information Minister, Kojo Oppong Nkrumah has justified the determination of the ruling government to bring more Ghanaians into the tax net to improve revenue mobilisation.
Speaking in an interview with GTV on the Breakfast Show on Wednesday, July 6, 2022, the Minister said it is important to improve domestic revenue mobilisation to ensure successive governments do not continue to borrow in the future.
“When we were hit with Covid-19, Ghana had to resort to a lot of the internal buffers and reserves that we had built to respond.
“When crisis comes, your forest reserves are constrained. Your ability to meet your debt service and other fiscal expenditure obligations are limited.
“If we do not improve on domestic resource mobilization successive governments will do a lot of borrowing,” Kojo Oppong Nkrumah.
Last Friday, the government announced to inform the public that it has contacted the International Monetary Fund to declare its intention to engage the fund for support.
Speaking on the move to the IMF for a bailout, Kojo Oppong Nkrumah said the engagements will start with data sharing.
“The very first part of the discussion is on data sharing. They will need to sit with you and validate all the data that you are putting on the table. It is when the validation is done that we will know the form in which the program will come,” the Information Minister added.
A team from the government is expected to officially commence in-person discussions with officials of the IMF today. – modernghana
The Ghana Gold Board (GoldBod) says it generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026.
According to the GoldBod, the entire amount was sold to authorised commercial banks through its GoldBod GoFX platform to support stability in the foreign exchange market.
In an announcement issued on Monday, November 2, the Board projected to generate US$1.2 billion in foreign exchange from its ASM gold trade operations in November.
It added that US$800 million of the projected amount would be made available to commercial banks to support foreign exchange market stability.
GoldBod said the sales would be conducted through its GoFX platform in line with the approved FX Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for the country and supporting the Bank of Ghana’s foreign reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
By: Jacob Aggrey
The New Patriotic Party (NPP) has opened applications for members interested in contesting as its parliamentary candidates in the 2028 general elections.
In a statement issued on Thursday, October 29, 2026, the party said interested members must declare their intention to contest between Sunday, November 1, and Tuesday, November 10, 2026.
According to the statement signed by the party’s Communications Director, Dennis Miracles Aboagye, prospective candidates must complete an online form within the specified period.
The party said a non-refundable application fee of GH¢5,000 would be charged to each prospective candidate.
It added that all applicants would undergo vetting and screening to determine their eligibility to contest on the party’s ticket.
The NPP announced plans to organise capacity-building workshops for prospective candidates in December 2026. The workshops will be held across the Northern, Middle and Southern zones, with details of the venues to be announced later.
The party stressed that the guidelines would apply to all prospective candidates, including sitting NPP Members of Parliament who wish to contest again.
It further warned aspirants against starting campaign activities following the opening of the application process.
According to the statement, the existing directive prohibiting campaign activities remains in force until the party gives official clearance.
It cautioned that anyone who violates the directive would face appropriate sanctions under the party’s constitution and regulations.
The NPP said the process was designed to promote fairness, transparency and equal opportunities for all aspirants as it prepares to select candidates for all 276 constituencies ahead of the 2028 elections.
It urged prospective candidates to follow the guidelines and conduct themselves with discipline and respect for one another throughout the process.
The party said its broader objective was to strengthen unity within its ranks and rebuild public confidence ahead of the 2028 general elections.
By: Jacob Aggrey
