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Kenya has created a special fund to ease future cash flow pressures on government revenues arising from fast-maturing debts.

Petroleum fund Another issue Mr Agyeman cited was the administration of the Ghana Petroleum Fund (GPF), which is made up of the Ghana Heritage Fund (GHF) and the Ghana Stabilisation Fund (GSF). He noted that the instruments in which the GHF was invested were low risk resulting in low returns, therefore, there was the need to diversify the investment portfolios so that the returns at the end of the day would be quite appreciable. On the other hand, he explained that although the essence of the GSF is to provide economic buffer in times of unanticipated shocks to the national economy, about 90 ...

9 & 10 News Voters said yes to one ballot proposal, and no to the other. May 6, 2021 “Taxpayers supported the operating millage for Leland Public School which allows us to keep our doors open,” said Leland School Board President Bill Robinson. Voters passed the operating millage for the Leland School – it will raise over $4 million for the school’s operating expenses. Leland Public School Superintendent Stephanie Long said, “The millage is for our operating expense, it’s what required of us to collect from taxpayers to receive our state aid.” But voters said no to a smaller re...

Apollo. Preview and subscribe here. This month marks 300 years since Robert Walpole (1676–1745) became Britain’s first ‘Prime Minister’. The title was not a formal one; it still exists only through political convention. However, with the positions he attained in April 1721 – First Lord of the Treasury and Chancellor of the Exchequer – Walpole was able to amass power to a degree previously unprecedented, as the right-hand man of Britain’s newly imported Hanoverian monarchs. The period of his ascendency, popularly dubbed the ‘Robinocracy’, lasted for nearly 21 years and, for s...

10 to 15 days’ salary delay for employees in February