Audio By Carbonatix
Britain's new Prime Minister Liz Truss has appointed business and energy secretary Kwasi Kwarteng as the new finance minister, her office said in a statement on Tuesday.
Kwarteng, an ideological ally of Truss, has said that her government can afford to borrow more to fund support to households and businesses on their energy bills, but it will remain responsible with the public finances.
He had been business and energy minister since January 2021, previously holding a junior role in the department, and he also worked in the Brexit ministry.
Like Truss, Kwarteng has expressed his admiration for former Prime Minister Margaret Thatcher, but has shown some pragmatism in applying those principles in his previous roles in government.
Latest Stories
-
DGPP’s GH¢21.89bn ‘loss’ is accounting adjustment, not cash expense – Sources
3 minutes -
Tuba murder: Court adjourns case to September 28, as police prepare to forward docket to AG
5 minutes -
Debt restructuring key to Ghana’s economic recovery – IMF
10 minutes -
Let’s wait and see – Agalga refuses to take sides on extortion allegation as OSP probe begins
11 minutes -
FDA intensifies drive to ensure iodised salt reaches consumers
16 minutes -
HTU partners Praise Export to boost student training, employability
21 minutes -
Samuel Abu Jinapor proposes independent body to fight galamsey
27 minutes -
Government moves to review Minerals and Mining Act to strengthen regulation
33 minutes -
Investors channel most funds into 364-day government securities
38 minutes -
Ghana is much safer this year than even 2025 – Interior Minister
44 minutes -
These allegations carry a lot of weight – Agalga concedes extortion claims are serious
45 minutes -
Opoku-Agyemang lauds peaceful co-existence, unity of Bono people
48 minutes -
$1.7bn gold loss is not a ‘cost of doing business’ – PAGA
48 minutes -
Gov’t, media must sustain partnership to safeguard Ghana’s democratic gains – Shamima
56 minutes -
Mahama congratulates newly elected Executive Presbytery of Assemblies of God, Ghana
1 hour