Ken Ofori-Atta - Minister Patrick Nomo - Chief Director Sampson Fianko - Ag. Director of Budget Azu Sam-Aziakor - Director, General Administration MoF Main Building
Inflation
December  2016
15.40%
Moody’s Revises Outlook On Ghana’s Rating to Stable From Negative

Sept. 27, 2016    The International Credit Ratings Agency, Moody’s Investor Services (“Moody’s) revised the outlook on Ghana’s Long Term Bond Ratings from Negative to Stable and affirmed the rating at B3

2.         The revision of the outlook at this time is testimony to the prudent policies adopted by the Government since 2014 via the Home Grown Programme and consolidated in the IMF Programme...

Speaking Notes for Media Briefing By Hon. Minister of Finance On The Public Financial Management ACT, ACT 921

Sept. 20, 2016   The Public Financial Management Act which the Ministry initiated in collaboration with the Attorney General’s Department and Key PFM Stakeholders started in 2015. It was passed into Law by Parliament on 3rd August, 2016 and has been assented to by his Excellency the President. The Law replaces the Financial Administration Act (FAA) of 2003 and its Amendments and the Loans Act of 1970. The Financial Administration Regulation (FAR) was however saved pending the development of new PFM Regulations.
 
2.     The passage of this Act has become necessary to codify the best practices that have emerged with the implementation of major reforms in budgeting and accounting since 2010 under the GIFMIS project. In addition, continuing fiscal challenges which require some structural changes are addressed in this Act. There are also provisions setting out new policy measures regarding borrowing and debt management among others.

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