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Successive governments will borrow more if domestic resource mobilisation isn’t improved – Oppong Nkrumah

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Information Minister Kojo Oppong Nkrumah. [Photo credit/GBC]

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.

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“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.

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A team from the government is expected to officially commence in-person discussions with officials of the IMF today. – modernghana

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Ghana Showcases Culture and Investment Potential at ITB Berlin 2026

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Ghana Tourism Authority is leading Ghana’s participation at ITB Berlin, which opened in Berlin with a vibrant national pavilion highlighting Ghana’s rich cultural heritage, tourism destinations and investment opportunities.

March 5 has been designated as Ghana Day, a special platform to promote Ghana’s languages, cuisine, Kente, festivals and business prospects to the global tourism community. The stand has already drawn strong interest with traditional arts and crafts displays, immersive multimedia presentations and popular Ghanaian snacks.

Seven private-sector players are exhibiting alongside government officials as part of efforts to deepen trade partnerships, expand market access, and attract investment across the hospitality, heritage tourism, ecotourism, and creative arts sectors.

Ahead of the official opening, the Ghana delegation also engaged young Ghanaian investors in Germany in collaboration with V Afrika-Verein and the Ghana Embassy, strengthening diaspora investment linkages and highlighting opportunities within the tourism value chain.

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Ghana’s coordinated presence at ITB Berlin 2026 reinforces its strategy to position the country as the Gateway to Africa and a competitive destination for leisure travel and global investment.

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Annoh Dompreh raises alarm over DACF arrears, calls for payment of contractors

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The Member of Parliament for Nsawam Adoagyiri, Frank Annoh Dompreh, has expressed concern over delays in the release of the District Assemblies Common Fund, warning that the situation is stalling development across the country.

On his facebook page, he described as a matter of urgent national importance, the Minority Chief Whip pointed to what he sees as a growing crisis of unpaid contractors, abandoned projects, and halted infrastructure works in many districts.

He noted that several communities are grappling with half completed schools, unfinished health facilities, abandoned markets, deteriorating roads, and stalled sanitation projects.

According to him, many contractors who have executed projects for district assemblies have not been paid, forcing some construction firms to demobilise from sites while workers lose their jobs.

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He stressed that the District Assemblies Common Fund is not a discretionary allocation but a constitutional requirement under Article 252 of the 1992 Constitution, intended to support development at the local level.

In his view, years of delayed releases and accumulated arrears have weakened district development financing and disrupted projects meant to improve living conditions in communities.

He further argued that some payments made in recent years were largely the settlement of old debts rather than funding for new or ongoing projects, a situation he believes has affected contractor confidence and local economic activity.

He described the issue as more than a budgetary challenge, characterising it as a development emergency and a governance concern.

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He therefore urged the appropriate authorities to pay outstanding DACF arrears, settle contractors who have completed their work, and ensure that transfers to districts are automatic and predictable.

He maintained that decentralisation can only succeed when district assemblies receive adequate and timely funding to carry out development projects.

He emphasised that stalled projects directly affect ordinary citizens, since they rely on such infrastructure for education, healthcare, transportation, sanitation, and economic activities.

He called for renewed attention to grassroots development, insisting that national progress should not be concentrated only in major cities but extended to all communities.

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By: Jacob Aggrey

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