Ladies and gentlemen, the effective implementation of the PC-PEG is yielding some good results as we are now witnessing relative macroeconomic stability and seeing signs of economic recovery
Dr. Mohammed Amin Adams, Minister for Finance Leads Ghana’s Delegation to the IMF/World Bank Spring Meetings
The Minister for Finance, Dr Mohammed Amin Adam, is leading Ghana’s delegation to the IMF/World Bank Spring Meetings taking place in Washington DC.
New Appointments at GRA
The Ministry of Finance hereby formally announces the following appointments to the leadership of the GRA
Passing of Dr. John Ampontuah Kumah, MP Ejisu
The Ministry of Finance expresses its profound sorrow at the sudden passing of our Hon. Deputy Minister and Member of Parliament for Ejisu, Dr. John Ampontuah Kumah, today, Thursday, 7th March, 2024.
Press Statement on the Implementation of VAT on Electricity Consumption by Residential Customers
Reference is made to the Ministry of Finance’s (MoF) letter to the Electricity Company of Ghana, Ltd (ECG) and the Northern Electricity Distribution Company (NEDCO) on the above subject dated 12th December 2023; as well as MoF’s Press Statement on the subject issued on 30th January 2024.
RE: Ofori-Atta Took Ghs77 Million From The Contingency Vault For Football
The attention of the Ministry of Finance has been drawn to publications by some media houses , including Ghanaweb (Tuesday, 30th January 2024) alleging that, “Ofori-Atta took GHS77 million from the Contingency vault (vote) for football; GHS27.9million was spent on Black Stars” – an allegation attributed to Hon. Samuel Okudzeto Ablakwa.
Press Release on VAT for Residential Customers of Electricity
Reference is made to the Ministry of Finance’s letter to ECG and NEDCO on the above subject, dated 12th December 2023; as well as the press statement issued by Organised Labour on the same subject, dated 23rd January, 2024.
Ghana Reaches Agreement with Official Creditors on Debt Treatment Under the G20 Common Framework
The Government of the Republic of Ghana announces that it has reached an agreement with its Official Creditors under the G20 Common Framework, on a comprehensive Debt Treatment Beyond the Debt Service Suspension Initiative. Following the successful completion of the Domestic Debt Exchange Programme (DDEP) in 2023, this development constitutes a significant positive step towards restoring Ghana’s long-term debt sustainability.
Presentation of 2024 Annual Budget Statement and Economic Policy
In accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921) the Minister for Finance will, on behalf of the President, lay before Parliament the Budget Statement and Economic Policy of Government of Ghana for the 2024 Financial Year, on Wednesday, 15th November, 2023.
False Publication by Myjoyonline - “Ghana Misses Out on IMF’s Nov 1 Timeline for 2nd Tranche as External Debt Restructuring Talks Drag”
The attention of the Ministry of Finance has been drawn to above-titled misleading publication on Myjoyonline, about Ghana missing a purported deadline of 1st November, 2023, for the disbursement of the second tranche of International Monetary (IMF) Funds