MOFEP Report | Ministry of Finance and Economic Planning, Ghana

News and Events

Parliament approves 50.5 million Euro Fortis Bank Credit Agreement Parliament on Monday approved a Mixed Credit Facility between Government of Ghana and Fortis Bank NV of the BNP PARIBAS Group for 50,520,601.93 Euros to finance the procurement of logistics for the Ghana Police Service. (December 20,2011)

Parliament approves 70.4 million dollars ADF loan agreement Parliament on Wednesday approved a loan agreement between the Government of Ghana and the African Development Fund (ADF) for an amount of 70.4 million dollars for country's Poverty Reduction and Business Environment Support Programme (PRBESP). (December 15,2011)

Inflation Rate Dips Slightly The rate of inflation has dipped slightly to 8.55 per cent in November compared to 8.56 per cent recorded in October. (December 15,2011)

Electricity Supply Equipment Loan Agreement Approved The republic of Ghana Parliament has approved a supplier's credit agreement between Ghana and the China International Water and Electricity Corporation for an amount of 162,000,000.00 dollars. (December 15,2011)

UNIDO launches contaminated sites management toolkits for Africa in Ghana The United Nations Industrial Development Organisation (UNIDO), on Tuesday launched a comprehensive toolkit on Contaminated Sites Managements on Persistent Organic Pollution (POP) to aid developing countries with the detection, cataloging and prioritisation of contaminated sites. (December 15,2011)

Parliament Approves Budget For National Labour Commission Ghana's Parliament yesterday approved a budget of GHC1,573,195 for the National Labour Commission (NLC) for the year ending December 31, 2012. (December 14,2011)

Investment inflow in mining sector hit 770 million dollars last year Investment inflow into the country's mining sector hit 770 million dollars last year, up from the 2009 figure of 726 million dollars. (December 10,2011)

Hikes In Mining Taxes Not Anti-Investment The Deputy Finance and Economic Minister, Mr Seth Terkper has asked stakeholders not to see recent hikes in the corporate mining tax and the introduction of a windfall tax as an anti-investment drive by Government. (November 28,2011)

National Coalition On Mining Commends Government On Mining Taxes The National Coalition on Mining (NCOM) yesterday commended government for the new fiscal initiatives introduced in mining sector in the 2012 budget statement, saying that it is in line with steps that were urgently needed to improve the contribution of the sector to the economy (November 23,2011)

PETROLEUM RECEIPTS AND DISTRIBUTION REPORT FOR PERIOD ENDING 30TH SEPTEMBER 2011 Pursuant to Section 8 of the Petroleum Revenue Management Act, Act 815, 2011 (PRMA), which requires the Minister to publish petroleum receipts (defined in Section 6 of the Act); total output lifted; and the reference price on a quarterly basis. This first publication under the authority of the Hon. Minister of Finance and Economic Planning ... (November 17,2011)

Finance Minister Presents 2012 Budget To Parliament Ghana’s Minister for Finance and Economic Planning, Dr. Kwabena Duffuor, today presented 2012 annual budget statement to Parliament under the theme: “Infrastructural Development for Accelerated Growth and Job Creation." (November 17,2011)

THE Budget Statement and Economic Policy of the Government of Ghana for THE 2012 FINANCIAL YEAR presented to Parliament on Wednesday, 16th November, 2011 by DR. KWABENA DUFFUOR MINISTER FOR FINANCE AND ECONOMIC PLANNING ON THE AUTHORITY OF H. E. PROF. JOHN EVANS ATTA MILLS PRESIDENT OF THE REPUBLIC OF GHANA (November 16,2011)

GMinistry of Finance holds workshop on Transfer Pricing The Ministry of Finance and Economic Planning in collaboration with the Ghana Revenue Authority and the German Development Organisation (GIZ) is drafting transfer pricing regulations to guard against the use of the mechanisms for profit shifting by Multinational Enterprises (MNEs). (November 15,2011)

Ghana, IFAD Signs Grant Facility Agreement The Government of Ghana and the International Fund for Agricultural Development (IFAD) yesterday signed a 31.5 million grant facility agreement to co-finance the up scaling of the first and second phases of the Rural enterprise Project (REP 1and 2). (November 4,2011)

Government provides GHC5.2million for projects in Central The Government has allocated GHC5.2 million to the Central Region Development Commission (CEDECOM) for the implementation of some social interventions and economic projects in the Region. (October 28,2011)

Government believes in the private sector Mr Fiifi Kwetey, a Deputy Minister of Finance and Economic Planning, on Tuesday said the government would continue to create an enabling environment for private sector participation so as to close the country’s infrastructure gap. (October 26,2011)

IMF TEAM REVIEWS GHANA’S ECONOMY A team from the International Monetary fund (IMF) led by Ms. Christina Daseking is in the country to carry out the fifth economic review under the Extended Credit Facility arrangement since June this year. (October 24,2011)

Ministry of Finance Starts Budget Hearing Ministry of Finance and Economic Planning has started budget hearing discussions with some of the key stakeholders in the country, including private sector organisations, civil society groups and labour as part of the 2012 budget preparation in a bid to deepen the participatory budget process. (October 25,2011)

MOFEP OFFICIALS MEET STAKEHOLDERS FROM THE PRIVATE SECTOR, ACADEMIA AND CIVIL SOCIETY ON THE 2012 BUDGET The Ministry of Finance and Economic Planning as part of the 2012 budget preparation and in a bid to deepen the participatory budget process, held discussions with some of the key stakeholders in the country which was chaired by Hon. Dr. Kwabena Duffuor, Minister of Finance and Economic Planning.(October 21,2011)

BoG maintains policy rate at 12.5 per cent The Monetary Policy Committee (MPC) of Bank of Ghana (BoG) has decided to maintain the policy rate at 12.5 per cent after careful assessment of the economy in terms of the balance of risks to inflation and growth.(October 18,2011)

Youth Forum On Budget Ends A youth budget consultative forum organised by the Youth Bridge Foundation an NGO has ended in Accra with a call on the youth to create a platform for themselves to influence policies concerning them. Presenting the budget on Ghana’s shared growth development agenda for the period 2010 - 2016,.(October 21,2011)

Dr. Duffuor Warns Emerging Economies against 'Overheating' Ghana's Minister of Finance and Economic Planning, Dr. Kwabena Duffuor, has warned emerging economies and developing countries to be wary of economic overheating as growth in advanced economies slows down due in part to downgrading of the US sovereign debt rating, the euro zone crises and the continuous pull-ups in global commodity prices. ( October 18,2011)

2012 Budget Reading Slated for Mid-November The 2012 national budget statement and economic policy of the Mill's administration will be reads to Members of Parliament in the middle of November this year. The exact date on which the budget will be read has not been formally decided, but the Chairman of the finance Committee of Parliament, Hon. James Klutse Avedzi, told The Globe in an interview that "from all indications the Minister will read the budget in the middle of next month". ( October 18,2011)

FINANCE MINISTER INAUGURATES THE PUBLIC INTEREST AND ACCOUNTABILITY COMMITTEE Finance Minister, Dr Kwabena Duffuor, on last month inaugurated a 13-member Public Interest and Accountability Committee of the Petroleum Revenue Management Act with a call on members to ensure transparency and accountability in the management and use of petroleum revenue and investments in the country. ( October 18,2011)

Q&A: Kwame Okyere-Mensuo, Ministry of Finance and Economic Planning, Ghana After the discovery of the offshore Jubilee field in 2007, Ghana was determined not to repeat the economic mistakes of some other oil-boom countries. A new petroleum revenue management bill, approved by Ghana's parliament in March this year( October 18,2011)

Newmont pays more than GHC71 million to government Newmont Ghana Gold Limited has paid more than 47 million dollars (GHC71.44 million) to government for the third quarter of the year. The amount comprises 39 million dollars for Corporate Income Tax, 6 million dollars for the National Fiscal Stabilisation Levy, and 2 million dollars as Mineral Royalties for September. ( October 17,2011)

EITI Oorganizes Workshop on Oil and Gas for Public in Takoradi A three day consultative workshop on Ghana Extractive Industries Transparency Initiative (EITI), with focus on oil and gas, has been held at Takoradi. The workshop was to collate views from people within the catchment area of the oil and gas production. ( October 17,2011)

Cocoa Price Now GHC3,280 Cocoa farmers nationwide, from yesterday, October 14, this year, received GHC80 extra on each tone of cocoa produce following a 76.04 per cent increment in the net free-on-board (FOB) price of cocoa by government.( October 17,2011)

IMF, World Bank Support Chinese Loan The International Monetary Fund (IMF) and the World Bank have indicated their support for Ghana's efforts at securing a $3 billion loan from China, the Minister for Finance and Economic Planning, Dr Kwabena Duffuor, has said( October 4,2011)

More Investment In Cocoa Sector In spite of the recent gains in the cocoa industry, President John Evans Atta Mills says the Government is committed to investing more in the sector and support for farmers to further increase production to develop the economy. (October 4,2011)

Minister Leads Delegation To IMF/World Bank Meeting Dr Kwabena Duffuor, Minister for Finance and Economic Planning, is leading a Government delegation to the 2011 IMF/World Bank Annual Meetings to be held in Washington from September 20 – 26, 2011. (September 22,2011)

GHANA'S ECONOMY TO GROW BY 14.1 PER CENT The economy of Ghana experienced a high level of macroeconomic instability in 2008 and in the first half of 2009. By the end of June 2009, inflation rate had reached a peak of 20.74 per cent from 12.81 per cent in January 2008, generating annual inflation rate of 19.3 per cent in 2009. The cedi also depreciated against the US dollar by 50 per cent from January 2008 to June 2009. This macroeconomic instability was caused by (September 15,2011)

Inflation Ticks Up To 8.41 Per Cent In August Ghana's annual inflation rate rose to 8.41 per cent in August from 8.39 per cent in July, the Ghana's Statistical Service said in Accra today. (September 15,2011)

Invest In Ghana 2011 Seminar Opens The "Invest in Ghana 2011" seminar to strengthen linkages between the Ghanaian private sector and their foreign counterparts to ensure a sustained economic growth, opened in Accra yesterday. The two-day seminar, organised by Ghana Investment Promotion Centre (GIPC), will focus on strengthening linkages between Ghana, potential investors and already existing foreign investors in the country. (September 15,2011)

Government Secures Funds To Support SMEs In Roots, Timber Sub-Sector The government has secured a 70-million dollar facility from the World Bank to support Small and Medium Scale Enterprises in SMEs in the horticulture, roots and timber sub-sector of the economy. (September 13,2011)

Government To Operate Composite Budget System Next Year Dr Kwaku Agyemang-Mensah, Ashanti Regional Minister, has said government was determined to implement the composite budget system in the 2012 fiscal year.(September 13,2011)

Project Summaries for CDB Comprehensive Project Financing Facility PROJECTS TO BE SUPPORTED BY CDB-MASTER FACILITY AGREEMENT:
Strategic Framework: The main thrust of the "Agenda for Shared Growth and Accelerated Development for a Better Ghana" (the Better Ghana Agenda) is to transform the national economy for accelerated growth and job creation. It is the basis for the Government's medium-term plan - the Ghana Shared Growth and Development Agenda (GSGDA). (August 23,2011)

GRACCU Holds Annual General Meeting The Ministry of Finance and Economic Planning in collaboration with the Bank of Ghana is working towards the passage of the Credit Union Bill into Law. (August 19,2011)

Policy Fair Opens In Ho Vice President John Dramani Mahama yesterday gave the assurance that projects on the University of Allied Sciences in Ho in the Volta Region and The University of Renewable Energy in Sunyani in the Brong Ahafo Region will soon become operational.(August 18,2011)

Tullow-Ghana spends US$ 194 million dollars on SMEs Dr Toni Aubynn, Head of Corporate Affairs Department of Tullow-Ghana, has stated that the company had expended US$ 194 million dollars on local companies and Small and Medium Enterprises (SMEs) to improve their capacity and competitiveness. (August 16,2011)

BUDGET GUIDELINES FOR THE PREPARATION OF THE 2012 - 2014 BUDGET information and necessary action the 2012-2014 Budget Guidelines for the preparation of the 2012 Budget(August 12,2011)

Ghana Records Lowest Inflation In Years The annual inflation rate dropped by 0.20 percentage points to close at 8.39 per cent in July 2011, down from 8.59 per cent recorded in June 2011, the Ghana Statistical Service (GSS) said yesterday.(August 12,2011)

Finance Ministry Launches HIV Policy Document The Ministry of Finance and Economic Planning has launched its HIV and AIDS work place policy document with the slogan "Championing HIV/AIDS Working Environment", in Accra, today. The Policy document is to serve as a guideline in the fight to prevent and control the spread of the disease among staff and their families within an environment devoid of stigma and discrimination.(August 08,2011)

Government secures 68 million Euro for Ada sea defence wall Vice President John Dramani Mahama has announced that government has secured a 68 million Euro loan to construct 30-kilometre stretch of the Ada sea defence wall in the Dangbe East District of Greater Accra Region. (August 08,2011)

Ghana To Become Leading Rice Producer In West Africa Ghana is poised to increase rice production from 20,000 metric tonnes to 200,000 metric tonnes by 2015 to become the highest producer in West Africa. (August 04,2011)

Agriculture Helped Knock Down Inflation Figures-Deputy Minister Agriculture played a significant role in the lowering of Ghana's single-digit inflation figures to a record four consecutive times fall since February 2011, Nii Amasa Namoale, Deputy Minister for Food and Agriculture in charge of Fisheries, said yesterday.(August 04,2011)

Ghana Welcomes Mobile Payment System The Ministry of Communications in partnership with the Ministry of Finance and Economic Planning has organised a roundtable discussion to facilitate the growth of Mobile Payment Systems (MPS) in the country. (August 03,2011)

BoG to stop waiving single obligor limit for banks Mr Kwesi Amissah-Arthur, Governor of Bank of Ghana, on Friday said granting of waivers of single obligor limit to banks to enable the importation of crude oil and petroleum products could not be continued. (August 01,2011)

Ghana/Mali Sign MoU On PJCC Decisions Ghana and Mali have signed a Memorandum Of Understanding (MoU) between their Ministries of Foreign Affairs for the joint monitoring and implementation of the sessions of the Permanent Joint Commission for Cooperation (PJCC).(August 01,2011)

MDPI To Well Position Ghana In Oil, Gas Industry The Management Development and Productivity Institute (MDPI) has assured the citizenry of international standards to well position Ghana in the oil and gas industry. (August 01,2011)

FINANCE MINISTER TOURS LESDEP OFFICES AND TRAINING CENTRE Dr Kwabena Duffuor, Minister of Finance and Economic Planning paid a working visit to the Local Enterprise and Skills Development Programme (LESDEP) Head Office and Training Centres on Monday, 25th July 2011. He interacted with management, staff and trainees of the Programme and took the opportunity to observe some of the facilities and machinery at the training centre. (July 26,2011)

ENOCH HEMANS COBBINAH APPOINTED AS SUBSTANTIVE CHIEF DIRECTOR FOR MOFEP Mr Enoch Hemans Cobbinah has been appointed as the substantive Chief Director for the Ministry of Finance and Economic Planning. Mr Cobbinah, a Chief Economics Officer was previously the Director of the Non-Tax Unit of the Ministry. He takes over from Mrs Effie Simpson Ekuban, the Acting Chief Director. (July 12,2011)

GCNet Presents Dividend To Government GCNet (Ghana Community Network Services Limited) has presented a cheque for GH¢2 million to the Ministry of Finance and Economic Planning as dividend to government. (July 11,2011)

MPC cuts policy rate to 12.5 per cent The Monetary Policy Committee (MPC), on Wednesday cut the policy rate by 50 basis points (0.5 per cent) to 12.5 per cent from 13 per cent, citing low inflation and improved economic environment. (July 7,2011)

GRA locks up Steel company for non- payment of Tax Officials of the VAT Service of the Ghana Revenue Authority on Wednesday, locked up the premises of Western Castles, a steel company in Takoradi for non-payment of taxes. The VAT service also seized all the assets of the company. (July 7,2011)

Ghana-EU delegation meets on implementation of trade protocol The Ghana-European Union Joint Monitoring and Review Mechanism (JMRM) for the Voluntary Partnership Agreement (VPA) on Wednesday met in Accra to deliberate on various issues concerning the implementation of the agreement. (July 7,2011)

Ghana likely to achieve cocoa target - CRIG Dr Franklin Manu-Amaoh, Executive Director of the Cocoa Research Institute of Ghana, (CRIG), has said the Ghana Cocoa Board (COCOBOD) is likely to achieve its projected one million metric tonnes of cocoa this year. (July 4,2011)

"WE HAVE NOT DOUBLED THE NATIONAL DEBT," FINANCE MINISTER REPLIES DANQUAH INSTITUTE The attention of the Finance Minister Dr Kwabena Duffuor has been brought to a banner headline story in The New Statesman newspaper which suggests that the Mills-led National Democratic Congress (NDC) has doubled the national debt in just two years. (June 30,2011)

Ghana to increase rice production by 2012 Government is poised to produce 20,000 metric tonnes of "highest grade" quality rice by 2012 to reduce rice importation. To this end, interventions such as providing the necessary machinery and promotion of Private Public Partnership policy...(June 30,2011)

Internal Audit Board calls for transformation of Internal Audit Agency Nii Adumansa-Baddoo, Chairman of the Internal Audit Board on Tuesday called on stakeholders to support the amendment of the Act (658) that established the Internal Audit Agency. (June 30,2011)

Parliament Expresses Concern Over High Interest Rates Members of Parliament have expressed concerns over high interest rates in the country and have appealed to government to establish a Financial Service Authority to be responsible for safeguarding and ensuring fair interest of financial services for consumers within the financial sector.(June 28,2011)

PBC to increase purchases this year The Produce Buying Company (PBC) of COCOBOD says it will purchase a total of 380,000 tones (six million bags) of cocoa beans this year. (June 27,2011)

Energy Minister Describes Supply Of Natural Gas As Erratic The Minister for Energy, Dr. Oteng Adjei, has described the inconsistent natural gas supply from Nigeria since the inception of the West Africa Gas Pipe Line Project in August 2010 as erratic.(June 27,2011)

30 personnel of GIPC undergoes training on multicultural communication Thirty senior members of staff of the Ghana Investment Promotion centre (GIPC) have undergone a two- day training session on Multicultural Communication, in Accra to sharpen their skills to woo investors . (June 27,2011)

Pilot e-zwich salary payment for Comptroller staff successful Payment of salaries of some staff of the Comptroller and Accountant General's Department using the e-zwich card has gone through successfully. (June 24,2011)

Producer Price Inflation for May falls to 23.8 per cent The Ghana Statistical Service (GSS) on Wednesday announced a fall in the Producer Price Inflation (PPI) for May 2011 to 23.8 per cent, compared to 24.29 per cent in April. (June 23,2011)

Ghana makes strides in poverty reduction Dr Kwabena Duffuor, Minister of Finance and Economic Planning, on Monday said Ghana had made significant strides towards reducing poverty over the last two decade from 51.7 per cent in 1992 to 28.5 per cent in 2006. (June 21,2011)

$400m For Roads The World Bank has allocated $400 million towards the completion of four major road projects and the general development of the country’s transport sector. (June 20,2011)

Finance Minister Inaugurates National Risk Management Committee Finance Minister, Dr Kwabena Duffuor, on Thursday inaugurated a nine-member National Risk Management Committee with a call on members to use their expertise to help mitigate the price risk of crude oil on the economy. (June 10,2011)

World Bank forecasts robust growth for Africa The World Bank is forecasting an average growth rate of 6.5 percent in countries in sub-Saharan Africa over the next three years, thanks to recovery in exports, investments flows and high domestic demand.(June 8,2011)

Ghana Revenue Authority collects 32,200,000.00 as Communications Tax Mr Haruna Iddrissu, Minister of Communications said on Tuesday that GH¢32,200,000.00 was collected in the first quarter of 2011 as Communications Service Tax as against the GH¢128,005,000 netted in 2010 and the GH¢ 87,400,000 in 2009.(June 8,2011)

Former BOG Deputy Governor Sees Mergers Of Rural Banks Mr. Emmanuel Asiedu-Mante, a former Deputy Governor of the Bank of Ghana, has said, most rural banks could merge because of the new capital adequacy requirement and competition posed by increasing number of universal banks.(June 8,2011)

Communication Minister Commissions Proposed ICT Master Plan The Minister for Communication, Hon, Haruna Iddrisu, has commissioned a Master Plan, Draft Drawings and Designs for a proposed Information Communication Technology (ICT) Park in Accra, today.(June 8,2011)

African governments urged to mobilise resources for development Dr John Kwakye, Senior Economist at the Institute of Economic Affairs (IEA), has called on African governments to mobilize resources to support their developmental programmes to reduce their dependence on unpredictable and burdensome external resources. session in Accra.(June 2,2011)

Parliament Passes Petroleum Commission Bill Parliament yesterday, passed the Petroleum Commission bill into an Act in accordance with Article 269 (1) of the country’s Constitution which enjoins Parliament to establish a Commission to be responsible for the regulation and management of the utilisation of any natural resources, including oil and gas, found in the country. (June 2,2011)

President authorizes the release of $25 million to SADA President John Atta Mills has authorized the Ministry of Finance to release 25 million dollars to the Savannah Accelerated Development Authority (SADA)to roll out its development plans, Madam Hannah Tetteh, Minister of Trade and Industry, has said. session in Accra.(May 30,2011)

Institutions To Pay For Re-Evaluation - FWSC Mr. George Smith-Graham, Chief Executive Officer of the Fair Wages and Salaries Commission (FWSC), has hinted that, institutions seeking re-evaluation of workers will have to pay for that service. session in Accra.(May 30,2011)

Chamber Of Mines Envisage Increase In Output This Year The Ghana Chamber of Mines has projected a stronger gold output in 2011 on the back of additional production from new mines such as Adamus Resources. session in Accra.(May 30,2011)

Finance Minister Duffuor Is Chairman Of ECOWAS Bank Finance Minister Dr Kwabena Duffuor was yesterday elected chairman of the governing board of the ECOWAS Bank for Development and Investment (EBID) at the end of the bank's ninth ordinary session in Accra.(May 23,2011)

Central Bank To Protect Standards In Financial Sector Mr. Seth Terkpeh, Deputy Minister for Finance said, the Bank of Ghana has put in place strong regulatory and supervisory framework to ensure that, the financial sector remains robust. (May 23,2011)

Deputy Finance Minister Briefs Parliament On NYEP Mr. Seth Terkpeh, Deputy Minister for Finance and Economic Planning said at the weekend that, an amount of GHC114,983,826.00 was realised from the Communication Service Tax, which became operational in June 2008 to December 2009. (May 23,2011)

CRITERIA FOR TAXPAYER SEGMENTATION The Commissioner-General of the Ghana Revenue Authority (GRA) wishes to bring to the attention of the business community and the general public that the criteria for the segmentation of taxpayers will be as follows: (May 13,2011)

Govt, Partners To Review Economy The Government and its development partners who provide budget support will meet to review progress in the performance of the country’s economy. (May 13,2011)

Brazil Approves Fund For Eastern Corridor Road Government has secured another $250 million to support the construction of the Eastern Corridor road that will link the Northern parts of the country to the South, through the Volta Region. (May 12,2011)

Inflation rate for April falls to 9.02 per cent The annual rate of inflation fell to 9.02 per cent in April from 9.13 per cent in March, helped by low food prices, the Ghana Statistical Service (GSS) said on Wednesday. (May 12,2011)

Ghana's revised GDP growth in 2010 estimated at 7.7 per cent Ghana's Gross Domestic Product (GDP) almost double to 7.7 per cent in 2010, according to revised figures released by the Ghana Statistical Service. (May 12,2011)

GSS Signs A Record Of Discussion The Ghana Statistical Service (GSS) and the Korea International Cooperation Agency (KOICA) have signed a US$1,000,000 record of discussion on the project for Capacity Enhancement of the Service. (May 06,2011)

Chamber of Mines proposes 30 percent royalties for communities The Ghana Chamber of Mines (GCM) has proposed that government returned at least 30 percent of the total mineral royalties paid by mining firms to communities in which they operated. (May 6,2011)

Ghana Receives a total of US$295 million for three projects To Support Land Administration (US$50m), Skills and Technology Development (US$70m), Local Government Capacity (US$175m). The Government of Ghana over the past one week has been granted a total of US$295 million by the World Bank Board to support its developmental process. (April 4,2011)

DR. DUFFUOR RECEIVES 2011 AFRICAN FINANCE MINISTER OF THE YEAR AWARD Dr. Kwabena Duffour, Minister of Finance and Economic Planning has received the "The Banker" African Finance Minister of the Year Award at a short but impressive ceremony in London today. The award is conferred every year on Ministers who have excelled in economic management of their countries. (March 24,2011)

Finance ministry lauds JICA for contribution to development Volunteers of the Japan Overseas Cooperation Volunteers (JOCV) have been lauded for helping in diverse ways to develop the Ghanaian economy. (March 24,2011)

Ghana Extractive Transparency Initiative must be legislated Mr Mike Hammah, Minister of Lands and Natural Resources, has said the legislation of the Ghana Extractive Industries Transparency Initiative (GHEITI) is critical for demanding revenue data from the extractive companies. (March 21,2011)

Government Committed To Efficiency of Cocoa Sector Government has reiterated its commitment to continue pursuing policies that would make the cocoa industry more efficient, despite the discovery of oil in the country. (March 18,2011)

Funds To Construct More Classrooms For Senior High Parliament yesterday approved a credit agreement between the Ghana government and Cal Bank Ghana Limited for an amount of GH¢85 million to be used for the construction of school infrastructure for the Senior High School (SHS) programme. (March 18,2011)

Ghana, Development Partners Sign Grant Ghana and four development partners yesterday signed a memorandum of Understanding to provide the nation’s public financial management system with a $60 million grant over the next four years towards improved management of public finances. (March 17,2011)

Road Map For Categories Two and Three Allowances, Talk To Begin A road map for the consideration of categories two and three allowances meant for public service employees has been set in motion as part of the implementation process of the Single Spine Pay Policy (SSPP). (March 17,2011)

Ghana’s Economy To Expand By 15% In 2011 - IMF The International Monetary Fund (IMF) has expressed satisfaction with the rate at which the Ghanaian economy is growing, projecting that it will expand by 15 percent in 2011. (March 8,2011)

Education, Finance Ministers To Meet On teacher’s Salary Anomalies The Minister for Education, Mrs. Betty Mould Iddrisu, will today meet Minister for Finance, Dr. Kwabena Dufuor and the Controller and Accountant General, Mr. Raphael Tuffuor in an urgent effort to address the ... (March 8,2011)

Government Urged To Strengthen Budget Outturn The International Monetary Fund (IMF) has asked government to make additional efforts to strengthen Ghana's projected 2011 budget outturn, its latest review mission to the country said in Accra yesterday. (March 3,2011)

Ghana Association of Bankers announces exchange rates The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi, as issued by the Ghana Association of Bankers on Monday, February 28, 2011.(March 1,2011)

Bankers asked to embrace modern trends in payment systems Mr Richmond Atuahene, Director of Studies at the National Banking College has asked bankers to understand the benefits that the use of electronic payment system could bring to their institutions. (February 28,2011)

World Bank Supports NYEP The World Bank, under a Youth Enterprise Development Project (YEDP), is supporting the National Youth Employment Progragramme (NYEP) with $65 million to help train the youth in entrepreneurial skills that will enable them to set up businesses of their own. (February 21,2011)

Bank of Ghana to Smoothen Fluction of the Cedi - Governor The Bank of Ghana will continue to smoothen out short-term fluctuations of the cedi against major international currencies to minimize the disruptive effects of such flows, the Governor of the Central Bank, Mr Kwesi Amissah-Athur, said in Accra, yesterday. (February 21,2011)

MPC Maintains Policy Rate At 13.5% The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the Monetary Policy Rate at 13.5 per cent. (February 21,2011)

Total Public Debt By End of 2010 Is GH¢17.2 Billion - Government The total public debt as at the end of 2010 stood at about GH¢17.2 billion (38.6 per cent of GDP or $11.8 billion), the Governor of Bank of Ghana, Mr Kwesi Amissah-Arthur said in Accra, yesterday. (February 21,2011)

LAUNCH OF 2011 MONITORING SURVEY ON THE PARIS DECLARATION AND AID EFFECTIVENESS Accra December 7, 2010 - The 2011 Survey on Monitoring the Paris Declaration has been launched in Accra. The event brought together representatives of Development Partners, Ministries, Departments and Agencies, as well as Civil Society Organizations and the Media. (December 14,2010) more

Workshop For Budget and Information Officers In Accra A workshop for Regional Budget Officers, and Regional and District Information Officers on the dissemination of the 2011 Budget Statement and Economic Policy is underway in Accra. (November 22,2010)

Major Road Projects Completed Dr. Kwabena Duffuor, Minister for Finance and Economic Planning last Thursday said completion of the Ho-Fume, Sogakope-Adidome-Ho, Kumasi-Techiman, Doyormu-Prampram and Nkawkaw-Obomeng roads were some of the major road projects which had been completed during the current fiscal year. (November 22,2010)

Launch of the GHEITI Audit Reports The Ministry of Finance and Economic Planning has launched the 2006, 2007 and 2008 Ghana Extractive Industries Transparency Initiative (GHEITI) Audit Reports. (November 16,2010)

German’s Government Commits 107.50 Euros to support Ghana’s development agenda The Honorable Minister of Finance and Economic Planning Dr. Kwabena Duffuor and the German Ambassador to Ghana, His Excellency Eberhard Schanze today signed a bilateral financial support agreement of €107.50 Euros at a ceremony in Accra. (November 04,2010)

Government Commits $2.85 Billion For Road Construction In 2011 Government of Ghana has earmarked an amount of US$2.85billion for the construction of roads in some major parts of the country. The project, which is in two phases, is expected to commence by the beginning of 2011 at an estimated cost of $1.9billion (November 03,2010)

Dutch Govt Commits GH¢2.8M To SAP The Dutch government has committed GH¢2.8 million grant to sponsor a Social Accountability Project (SAP) aimed at addressing some of the challenges facing the Ghana School Feeding Progaramme (GSFP). (October 25,2010)

GAF Join Police On Single Spine, Others To Follows The Ghana Armed Forces (GAF) are to migrate onto the Single Spine Salary Structure (SSSS) this month, following the completion of their mapping exercise by the Fair Wages and Salaries Commission (FWSC). (October 25,2010)

UKaid provides 12 million -pounds for Ghana's Public Financial Management System UKaid has announced a 12 million -pounds grant to enhance the Government of Ghana's public financial management systems. 10 million - Pounds of this support will be directed to the Ghana Integrated Financial Management Information System (GIFMIS) project. (October 21,2010)

Cocoa Producer Price Of Goes Up The producer price of cocoa for the 2010/11 season has gone up by 33.33 per cent, Finance Minister Dr. Kwabena Duffuor announced in Accra yesterday. The new price is GH¢3,200 per tonne up, from GH¢2,400 per tonne. A bag of 64 kg gross weight will sell at GH¢200. This represents 75.15 per cent of the net Free on Board (FoB) price.(September 29,2010)

Government signs 2.1 million- Euro Agreement for Tax Reforms Government and two overseas development agencies, on Tuesday signed a Memorandum of Understanding (MoU) for a 2.1 million- Euro grant facility, for the Tax Policy Unit (TPU) and the Ghana Revenue Authority (GRA). (September 29,2010)

No Sector will Play Second Fiddle To Oil And Gas Government would ensure that sectors such as agriculture and mining do not play second fiddle to oil and gas in the development of the Ghanaian economy, Finance Minister Dr Kwabena Duffuor reiterated on Monday. (September 27,2010)

China Gives Development Package To Ghana President John Evans Atta Mills and his Chinese counterpart, Hu Jintao, yesterday signed a deal for China to give Ghana a loan of three billion dollars to develop her energy sector. (September 22,2010)

Japan To Increase Development Assistant To Ghana The Japanese Ambassador to Ghana, Keiichi Katakami, has reiterated his government pledge to double development support to Ghana, as decided during the 2008 Tokyo International Conference on Africa Development. (September 14,2010)

Stakeholders Meet On Draft Policy The Chief Executive Officer (CEO) of the Minerals Commission, Mr. Ben Aryee, said the National Resources and Environmental Governance Programme (NREG) instituted by the Commission will help improve mining sector revenue collection, management and transparency as well as address social issues in mining communities. (September 14,2010)

World Bank Approves Loan For Ghana The World Bank today approved $313.3 million consensual loan facility for the Ghanaian government, to promote and enhance the implementation of the country’s development initiatives. (September 14,2010)

Ghana Signs Agreement With Equatorial Guinea On the second day of President Teodoro Nguema Mbasogo’s visit, Ghana and the Equatorial Guinea signed bilateral agreements at the Peduase Lodge in the Eastern Region. The agreements are to deepen the already cordial relationship between the two nations. (September 14,2010)

China Holds Workshop On Investment In Africa A workshop organised by the Global Development Learning Network in partnership with the African Centre for Economic Transformation (ACET) on China’s investment infrastructure has been held in Accra. (September 14,2010)

Hon. Minister Of Finance Inaugurates Ghana Revenue Authority Board The Honourable Minister of Finance and Economic Planning, Dr. Kwabena Duffuor has inaugurated nine-member Ghana Revenue Authority (GRA) Board. (August 23,2010)

INFLATION RATE DROPS FURTHER AS GOVERNMENT SPENDING MOVES ABOVE 2008 LEVEL Inflation rate for July 2010 has dropped to a record 9.46 per cent despite the over 50 per cent increase in government expenditure in 2010.

September 26 – 2010 Census Date Hon Dr. Kwabena Duffuor today announced September 26, 2010 as the date for the beginning of the 2010 Population and Housing Census. (August 9,2010)

Public Input Into 2011 Budget Statement And Economic Policy The Ministry of Finance and Economic Planning wishes to inform the general public that the Budget Statement for 2011 will be read in November 2010. This is with the hope that Parliament will debate and pass it before it rises in December 2010. (July 21,2010)

Ghana Makes Strides in Five of Eight MDGs Ghana was yesterday commended for making tremendous strides towards the attainment of the Millennium Development Goals (MDGs) by 2015. (July 20,2010)

Accountant-General's Department to clean pay roll of ghost names Ghana’s rate of inflation has fallen to a single digit of 9.52 per cent in June, Dr. Grace Bediako, Government Statistician, has announced. (July 19,2010)

Ghana’s Inflation Rate Falls To Single Digit Ghana’s rate of inflation has fallen to a single digit of 9.52 per cent in June, Dr. Grace Bediako, Government Statistician, has announced. (July 15,2010)

GUIDELINES FOR THE 2011-13 BUDGET PREPARATION, Prepared and Issued by Ministry of Finance and Economic Planning 1.0 Introduction The year 2011 will mark a significant landmark in the history of Ghana as the country joins the league of oil producing countries. It is expected that part of the oil revenues accruing to government will be used in providing improved services in all the priority sectors of the economy in line with the Petroleum Revenue Management Law being proposed. (July 14,2010)

Ghana Receives Second Tranche of Economic Governance and Poverty Reduction Credit, As Government meets 5 of 6 agreed prior actions The Board of Executive Directors of the World Bank approved on June 25, 2010 the release of the second and last tranche (US$143 million) of the Economic Governance and Poverty Reduction Credit (EGPRC). A first tranche of U$150 million had been disbursed a year earlier in July 2009 after the Board approved the two tranche facility, aimed to support Ghanas efforts, in the midst of the global financial crisis, to restore budgetary discipline and (ii) tackle long-standing public sector and energy issues, while (iii) protecting the poor. (July 9,2010)

Ghana and India signs MoU for commercial production of fertiliser Ghana and India on Tuesday signed a Memorandum of Understanding (MoU) to capitalise on the nation's oil find to produce fertiliser to increase food production. (July 7,2010)

Ghana, China Congratulates Each Other Yesterday, July 5, marked exactly 50 years when Ghana and China established diplomatic relations. A statement issued by the Ministry of Foreign Affairs and Regional Integration said in furtherance of their commitment to strengthening and deepening relations, (July 6,2010)

Ghana, United States hold trade talks A U.S.A-Ghana Trade and Investment Framework Agreement (TIFA) Council meeting, opened on Friday in Accra to discuss primary impediments and strategies to remove barriers and expand bilateral trade between the two countries. (July 5,2010)

World Bank's Access to Information Policy Takes Effect The World Bank's new Access to Information Policy took effect on 1st July 2010 making more information available to the public than ever before, particularly on Board actions and projects under implementation. (July 5,2010)

Parliament endorses 17,000 pounds VTMIS project Parliament on Friday endorsed a credit agreement between Ghana and the BNP Paribas of the United Kingdom for the supply, installation and operation of Vessels Traffic Management Information System (VTMIS). (June 28,2010)

Cabinet approves ETTI to cover oil and gas Cabinet has approved the extension of the Extractive Industries Transparency Initiative (ETTI) to cover the Oil and Gas sector, Mr Seth Tekper, a Deputy Minister of Finance and Economic Planning has said. (June 21,2010)

ICT contribution to Ghana's GDP is difficult to estimate - Study Contribution of ICT (Information Communication Technology) sector to Ghana's real GDP (Gross Domestic Product) is difficult to determine despite some efforts to estimate that, a recent study has shown. (June 21,2010)

Management of Ghana Revenue Authority outdoors logo Ghana Revenue Authority (GRA), the body mandated to oversee and regulate activities of all revenue agencies has launched its vision statement and logo with a promise to effectively raise money for nation building.

IFC guarantees support to Ghana's development aspirations The International Finance Corporation, (IFC) has pledged its continued assistance to Ghana's development goals by supporting infrastructure for oil, gas, mining and telecommunication and other sectors. (June 17,2010)

Managements of GNPC, Tap Oil and others sign agreement Deputy Minister of Energy, Armah Kofi Buah, on Wednesday said government would ensure that companies operating in the oil and gas sector adhered fully to environmental laws governing the sector. (June 17,2010)

Controller and Accountant General proposes a test result for effective SSSS General, Mr R.K. Tufuor has proposed a two-month respite to enable the Controller and Accountant General's Department (CAGD) run a test result on the Single Spine Salary Structure (SSSS) to enable stakeholders make inputs for efficient pay roll under the policy. (June 14,2010)

Finance committee fails to approve 120 million dollar loan The Parliamentary Finance Committee on Wednesday failed to push a 120 million dollar loan motion for the lack of knowledge of the interest rate the loan would attract. (June 14,2010)

Ghana on course to achieving single digit as inflation drops Ghana is on course to achieving her stated objective of single digit inflation this year as inflation drops to a record 11.66 per cent in April, 2010. (June 12,2010)

Inflation Rate is 10.68 per cent, moves closer to single-digit The annual inflation rate fell to 10.68 per cent in May from 11.66 per cent in April, the eleventh monthly fall, moving the country closer to the single digit target, Ghana Statistical Service (GSS) said on Wednesday. (June 10,2010)

Gambia hosts Seminar on Economic and Financial Crimes for Judges Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is to hold its third Seminar on Economic and Financial Crimes for Judges in West African English Speaking Countries in Banjul, The Gambia. (June 10,2010)

Vice President calls For Annual Review Of Utility Tariffs Vice President John Dramani Mahama has advocated annual review of utility tariffs to avoid rancour and bitterness that normally come between service providers and consumers. (June 10,2010)

Inflation slows for the month to 11.66 percent in April The annual inflation rate fell to 11.66 per cent in April from 13.32 per cent in March, the tenth consecutive monthly fall, the Ghana Statistical Service said on Wednesday. (May 12,2010)

Donors must work with government on oil industry Mr. Ben Eghan, Cabinet Secretary, on Monday asked the country's donors to work together with government to ensure that the country's oil resources are judiciously used for the benefit of the people. (May 9,2010)

Governance Round Table Towards Formulation Of A National Governance Framework Document Hon. Dr. Kwabena Duffuor, Minister of Finance and Economic Planning has disclosed that the NDC government has resolved to embark on new reforms of the Public Financial Management (PFM) systems as a demonstration of its commitment to good economic governance in pursuit of its better Ghana agenda. (April 9,2010)

Ghana Needs To Move Beyond Macro-Economic Stability-Governor Mr. Kwesi Amissah-Arthur, Governor of the Bank of Ghana (BOG), yesterday said Ghana's recent macro-economic stability and subsequent reduction in the policy rate are necessary for rebound in private sector activities. (April 1,2010)

Ghana, Brazil Sign Agreement To Boost Cassava Production Ghana and Brazil yesterday signed an agreement to help boost cassava cultivation, improve farmers' productivity and ensure food security. (April 1,2010)

Ghana, Germany Sign Agreement The Minister for Finance and Economic Planning, Hon. Dr. Kwabena Duffour, has signed an 11-million Euros loan financing agreement with Dr. Klaus Muller, First Vice President for West and East Africa of the German Development Bank to boost out grower schemes and improve the income of the target, especially small-scale farmers. (March 30, 2010)

Road Show On Pay Policy The Fair Wages and Salaries Commission (FWSC), has embarked on a nationwide road show to provide workers with information to deepen their understanding about the Single Spine Pay Policy (SSPP). (March 30, 2010)

One-Third Of Budget To Be Spent On Education The Ministry of Education (MoE) will spend about one-third of its estimated total budget on Education this year.(March 29, 2010)

IMF projects Ghana’s Economy To Grow by Four o Five Per Cent The International Monetary Fund (IMF) projects Ghana's economy to expand by four to five per cent this year, boosted by investments linked to the offshore oil sector, which will come on stream in 2011.(March 29, 2010)

Producer Price Inflation (PPI) Is 25.57% - Economic Statistics The Director of Economic Statistics at the Ghana Statistical Service, Mr. Ebo Duncan, has disclosed that the Producer Price Inflation (PPI) for February 2010 measures the average change over time in the prices received by domestic producers for the production of their goods and services.(March 25, 2010)

Ghana Association Of Bankers Announces New Exchange Rates The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers yesterday, March 25, 2010.(March 25, 2010)

EU, Ghana Sign Development Fund Agreement The 10th European Development Fund (EDF) Country Strategy Paper and National Indicative (CSP/NIP) agreement was signed yesterday between Ghana and the head of European Union (EU) delegation to Ghana, his Excellency, Mr. Claude Maerten . (March 11, 2010)

Duffuor, Giddisu Tour Road Projects The Minister of Finance, Dr Kwabena Duffuor and the Minister of Roads and Highways, Mr Joe Giddisu yesterday undertook a tour of some of the major road project sites in the Greater Accra Region. (March 1, 2010)

BOG To Introduce new Notes The Bank of Ghana has decided to introduce a GH¢2 denomination in response to the need for an intermediary banknote between the GH¢1 and GH¢5 banknotes. (February 27, 2010)

EU Supports Ghana’s Budget The European Union (EU) has allocated nearly GH¢1billion to support Ghana’s budget for the period 2008 to 2013. (February 24, 2010)

The Crown Prince of Japan Visits Ghana The Government of Japan announced on 5 February, 2010 that His Imperial Highness, the Crown Prince of Japan will pay an official visit to the Republic of Ghana from 7 March to 10 March as his first call on a Sub-Sahara African Country. (February 24, 2010)

Mining Companies Are Partners in Development Hon. Alhaji Collins Dauda (MP), Minister for Lands and Natural Resources, has described mining companies operating in Ghana as key partners of government in the development of the nation in view of their common interest in enhancing living standards of communities in their areas of operation. (February 24, 2010)

MIDA To Fully Exhaust Programme Budget The Millennium Development Authority (MIDA) is on course to fully exhaust the entire programme budget of 547 million dollars within the five-year period, the Authority said in a statement yesterday. (February 24, 2010)

BOG Presents Policy Rate The Monetary Policy Committee of the Bank of Ghana (BOG), yesterday presented its findings on their policy rate in Accra. (February 22, 2010)

Ghana Hosts Business Forum On Liberia The Embassy of Liberia in Accra, in collaboration with the National Investment Commission (NIC), will hold a day‘s business and Trade Forum at the Accra International Conference centre, on February 20, 2010. (February 15, 2010)

IMF Boss On Duty Tour The first Deputy Managing Director of the International Monetary Fund (IMF), Mr. John Lipsky, will be in the country from tomorrow Tuesday, February 16-17, 2009 for discussions with policy makers and opinion leaders on the country’s economic prospects. (February 15, 2010)

PBC-Facts Behind The Figures Review of the Produce Buying Company Limited (PBC) performance has revealed that turnover for cocoa operations increased from GH¢242.324 million to GH¢430.528 million, indicating an increase in the volume of cocoa purchased, as well as the producer price and the buyers take over. (February 11, 2010)

Focus on Diversify Economy Dr. Ngozi Okonjo-Iweala, Managing Director of the World Bank Group yesterday, urged Ghana to focus on diversifying her economy and use the expected revenue from oil and gas for socio-economic development. (February 11, 2010)

World Bank To Support Rice Farming Vice President John Dramani Mahama, yesterday announced that the government is negotiating with the World Bank to support Ghanaian farmers to increase rice production. (February 10, 2010)

Loan Protection Scheme for Students The student Loan Trust Fund (SLTF) yesterday introduced a Student Loan Protection Scheme (SLPS) in Accra. (February 10, 2010)

World Bank Group MD Visits Ghana The World Bank Group Managing Director, Ngozi Okonjo-Iweala, arrived in the country yesterday for an official visit. (February 9, 2010)

Be Good Ambassadors Of Ghana Vice-President John Mahama has asked Japanese volunteers serving in various parts of the country to project Ghana positively to the rest of the world after they have left the country at the end of their service. (February 8, 2010)

Money Laundering, Threat To Foreign Investment A Special Advisor to the Minister for Finance and Economic Planning, Professor Newman Kwadwo Kusi has said that money laundering and terrorist financing, undermines the integrity and stability of financial institutions and systems, discourages foreign investment, and distorts international capital flows. (February 8, 2010)

Oil Revenue Not To be Lodged In Consolidated Fund Revenue from the country’s oil will not be lodged in the Consolidated Fund, President John Evans Atta Mills has disclosed. (February 8, 2010)

ECG To Increase Tariffs The Electricity Company of Ghana (ECG) is to increase tariffs to an appreciable level soon to enable it to meet its increasing cost of distribution and replacement of technical equipment. (February 8, 2010)

UNDP Reaffirms Support For Ghana The Country Director of the United Nations Development Programme (UNDP), Mr. K.K. Kamaludden says the United Nations (UN) system will continue to support and promote growth, good governance and democracy at all levels in Ghana. (January 27, 2010)

New Minimum Wage Announced The Tripartite Committee, comprising Organised Labour, Employers and the Government, has agreed on a new daily minimum wage of GH¢3.11 effective February 1, 2010. (January 27, 2010)

Prices To Stabilise THE Bank of Ghana has confirmed a further stabilisation of the economy this year and given the assurance that adequate space will be created for businesses to plan. (January 27, 2010)

Govt. Spent GH¢7.5M On Leap Year Government has spent GH¢7.5 million on the Livelihood Empowerment Against Poverty (LEAP) programme between January and October last year. The amount was disbursed to 10,234 beneficiaries in 50 districts. (January 25, 2010)

Banks Link Customers Account To E-zwick Seven banks have completed the interoperability process that enables them to link their customers' traditional accounts to their e-zwich cards. With this successful integration, it will now be possible for bank customers to transfer cash from their accounts onto their e-zwich cards and vice versa. (January 25, 2010)

Australian Government Supports Grassroots Development The Australian High Commission in Ghana is working in partnership with 29 Non-Governmental Organisations (NGOs) and two others from Mali and Sierra Leone to implement development projects that will benefit a number of communities in the three countries. (January 25, 2010)

President Mills Appeals To Banks To Reduce Collateral On Loans President John Evans Atta Mills yesterday appealed to Commercial Banks operating in the Country, to reconsider their collateral demands in favour of small scale farmers, to boost agricultural production. (January 25, 2010)

GAB Announces New Exchange Rate The following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers yesterday, January 19, 2010. (January 19, 2010)

MoH Signs Accord To Build Hospitals The Ministry of Health (MoH) and EUROGET De-Invest of Egypt, a project management and financial group, have signed a loan agreement for US $339 million for the construction of two regional and six district hospitals in the country, a statement said. (January 18, 2010)

Seminar On Ghana Revenue Authority The Ghana Revenue Authority Act, 2009 (Act 791), which received Presidential Assent on December 31, 2009, is expected to transform the entire revenue system of the country to conform to internationally accepted standards and best practice. (January 18, 2010)

Inflation Further Declines Inflation rate fell to 15.97 per cent in December, a sixth consecutive decline and the lowest in 2009. (January 18, 2010)

Cheques To Clear Fast As CCC Goes Electronic Cheques throughout the country will now be cleared in two days, as the Codeline and Cheque Clearing system (CCC) becomes operational nationwide from January 15, the Ghana Inter-bank Payment and Settlement Systems(GhIPSS) has said. (January 15, 2010)

Germany Gives Support To Ghana The German Ministry for Economic Co-operation and Development has made a commitment of 130 million Euros to Ghana under its financial and technical co-operation with Ghana for the period 2009 to 2011. (January 13, 2010)

Work On Oil Starts Technical installations have started on the Jubilee Oilfields at Cape Three Point to pave the way for the commercial production of oil and gas by the last quarter of this year. (January 13, 2010)

Government Commended For Upward Cocoa Price Review Alhaji Alhassan Bukari, National President of Ghana Cocoa, Coffee and Shea nut Farmers' Association, yesterday commended the government for the upward review of producer price of cocoa to make life comfortable for cocoa farmers. (January 12, 2010)

EU Assists Ghana The European Union (EU) has disbursed about 35 million euros (an equivalent of 70 million Ghanaian cedis and approximately 52 million dollars), to Ghana for economic stabilisation. (January 6, 2010)

Government Allocates Funds Towards Census The Minister for Finance and Economic Planning, Dr. Kwabena Duffuor, yesterday, disclosed that Government has allocated an amount of GH¢ 37 million towards the 2010 Population and Housing Census. (January 6, 2010)

EU, UN Provide Funding The European Union (EU) and the United Nations (UN) have launched two projects for Ghana to promote the poultry industry and enhance community capacity building. (January 5, 2010)