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September 2017

MoF Holds Third Quarter Durbar

Accra, September 27, 2017 - The Minister of Finance, Ken Ofori Atta, has disclosed that a special highlight of the 2018 budget will be the inclusion of SDGs saying, “SDGs will undergird the 2018 budget”.

He disclosed further that the 2018 budget statement and economic policy will focus on agriculture and entrepreneurship. “2018 will be the year of the culture of entrepreneurship, that starter ups would be supported to spur people on to that direction”, he said.

The Minister said these during the Ministry of Finance 3rd Quarter Durbar held in Accra.

Fourth Session of the Joint Commission on Economic, Trade And Technical Cooperation between the Government of the Republic of Ghana and the Government of the People’s Republic of China on September 26, 2017

Accra, Sept 26, 2017 - The Minister of Finance of the Republic of Ghana, Hon. Ken Ofori-Atta, and Hon. Qian Keming, Vice-Minister of Commerce of the People’s Republic of China have signed Minutes of the Fourth Session of the Joint Commission on Economic, Trade and Technical Cooperation between the two countries held in Accra on September 26, 2017.

The Vice Minister’s visit is also a follow-up to that of H.E. Dr. Mahamudu Bawumia’s recent visit to China in June 2017.

PPA Board Inaugurated

Sept. 27, 2017       A nine member Board has been inaugurated to serve on the Public Procurement Authority (PPA) board. The inauguration was held at the Ministry of Finance, Accra.

 

Swearing in the members of the board, the Deputy Minister of Finance, in charge of budget, Hon Abena Osei Asare (MP), urged Board members to exhibit professionalism in the discharge of their duties.

 

Commenting on the Auditors General’s report for 2015, she said it was sad that public procurement processes were characterized with irregularities, which she said must be curbed to save the country from further losses...

Republic of Ghana: September 2017 3-Year Treasury Bond Issuance

ISSUER:                 Republic of Ghana
 
SIZE:                      GHS [To Be Determined]
 
ISSUE:                    Treasury Bonds (the "Notes", "Bonds")
 
MATURITY:             2020 (3-year issuance)

Review: Administrative Policy on Tax Exemptions

In the 2017 Budget Statement and Economic Policy, government committed to a comprehensive review and reform of the import duty exemptions regime and tax reliefs, with a view of eliminating abuses and improving efficiency in the application of these incentives.
 
As an interim arrangement, and to facilitate the reform, we instituted an administrative measure that required exemption holders to pay in advance, all applicable import duties and taxes, and apply for refunds with supporting evidence. The administrative measure began on the 1st of April 2017 after Parliament had approved it in the 2017 Budget.

We are on Course – Ken Ofori-Atta

Accra, September 7, 2017 – Mr. Ken Ofori-Atta, Minister for Finance today noted that economic policies being implemented were achieving positive results and called on the CEOs of financial institutions to reciprocate government efforts by improving credit to the private sector to support government stimulus programme to revitalize the sector.

He said they could also support the government by also providing feedback on the performance of the measures introduced to stabilize the economy saying “we believe in partnerships and collective responsibility. We want to receive feedback from you on the measures that we have implemented this year and your expectations for next year in particular”.

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