Oct. 10, 2016 Mr. Patrick Nomo, has been appointed the Acting Chief Director of the Ministry of Finance. Prior to this appointment, Mr. Nomo was the Director of Budget at the Ministry. He takes over from Major (Rtd.) Mahama Samuel Tara. Major (Rtd.) Tara has been appointed a Technical Advisor to the Minister of Finance.
2. Mr. Sampson Asare Fianko, Deputy Controller and Accountant General in charge of Finance and Administration has been appointed as the Acting Director of Budget at the Ministry.
3. Mr. Nomo has over thirty years’ experience in financial management and institutional capacity development. He was the first Director-General of the Internal Audit Agency of Ghana, from 2005-2010. He has worked in various positions at the Controller and Accountant General’s Department, the Ministry of Health and the Meteorological Services Agency.
Oct. 3, 2016 Following the establishment of a domestic multi-currency bond programme (the “Programme”) by the Government of Ghana (the “Government”), the Government is set to issue its first United States Dollar (“USD”) bond in the domestic market under the Programme (the “Transaction”).
The key rationale for the Transaction is to explore alternative sources of funding for meeting the financing needs of the Government as well as further develop and deepen the capital market in Ghana through the introduction of a new investment product.
The Bond is open to investors resident in Ghana and non-resident Ghanaian investors, who have USD balances in their Foreign Exchange Accounts (“FEA”) and Foreign Currency Accounts (“FCA”). The Bond will be issued in two series: ...