Euromoney and the Ministry of Finance and Economic Planning Announce First Euromoney Ghana Finance and Investment Conference The Euromoney Ghana Finance and Investment Conference, taking place on 7-8 February at the Movenpick, Accra, will be a major platform for policy and strategy debate and will highlight Ghana's attractions as an FDI destination.

   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.

   Provisional estimates indicate that Ghana's GDP growth rate for 2011

Provisional estimates indicate that Ghana's GDP growth rate for 2011 is 13.6%, after growing at 7.7% in 2010.(October 18,2011)

   Gross Domestic Product (GDP) Second Quarter 2011 (REVIEWED) Review of Real GDP estimates for second quarter of 2011

Following the compilation of the provisional annual GDP estimates for 2011, the quarterly GDP (QGDP) estimates for the second quarter of 2011 have been reviewed, and the key findings are outlined below. (October 18,2011)

   "WE HAVE NOT DOUBLED THE NATIONAL DEBT," FINANCE MINISTER REPLIES DANQUAH INSTITUTE Ghana Government Acquires Us$ 53.8 Million To Boost Fisheries Sub-Sector

The World Bank's Board of Executive Directors on July 14, 2011 approved a total investment cost of US$ 53.8 million for Ghana. The amount comprises of a grant of US$ 3.5 million from Global Environmental Facility (GEF) and a loan of US$ 50.3 million from International Development Association (IDA) and will be used to implement the Fisheries and Aquaculture Project in Ghana. The project comprises the following five components:(August 3,2011)

   "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)

   PETROLEUM REVENUE FROM GNPC'S FIRST LIFTING In the interest of transparency and to set the minds of the public at ease, the Hon. Minister for Finance & Economic Planning, Dr. Kwabena Duffuor would like to set the record straight about rumors that have come to the attention of the Government concerning the alleged misappropriation of petroleum revenue by GNPC following its first lifting and sales of Jubilee field crude oil in March 2011. (May 4,2011)

   Handbook a helpful aid to U.S. tax practitioners as they comply with international Value Added Tax rules The Tax & Accounting business of Thomson Reuters has released its new "WG&L VAT Handbook." Available in print, the handbook includes expert guidance, a comprehensive overview of key concepts, examples and illustrations, and practical steps for Value Added Tax (VAT) compliance. (March 14,2011)

   ELEVEN OFFICERS INTERDICTED OVER ANAS' TAPE GRA Management is unshakable in its resolve to carry out the three (3) key responsibilities it sees for itself in respect of the Anas tapes: (February 9,2011)

   "ENEMIES OF THE NATION WOULD BE SEVERELY DEALT WITH" - FINANCE MINISTER The Finance Minister, Dr Kwabena Duffuor is appalled at the collusion and unpatriotic activities of some CEPS officials, individuals and institutions that have led to massive loss of revenue at the Tema Harbour exposed by Anas Aremeyaw Anas in his investigative documentary, "Enemies of the nation". (February 9,2011)

   UKaid provides 12 - Pounds million 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.

   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.

   GOVERNMENT TO BEGIN VERIFICATION OF POTENTIAL GHOSTS UNDER THE 2009 PUBLIC EDUCATION SECTOR HEADCOUNT Government will from June 16th- 16th August, conduct a verification exercise to confirm or disprove the existence of ghost names identified on government payroll during the head count exercise conducted in the Public Education Sector last year.

   Government's Disinflationary Process On Course: Headline inflation at 13.32% The Honorable Minister of Finance and Economic Planning, Dr Kwabena Duffuor, has commended Ghanaians and the Private Sector in particular, for the contributions they are making to the prosperity of the country and for the stability we are achieving, and about the productivity growth we have yet to achieve.

   Headcount Of All Staff The Ministry of Finance and Economic Planning (MOFEP) in conjunction with the Ghana Statistical Service (GSS), the Controller and Accountant General Department (CAGD), the Audit Service and Office of the Head of Civil Service (OHCS) organized a headcount of all staff in the Public Education Sector from May, 2009.

   Outgrower And Value Chain Fund Signing Ceremony Accra, Ghana, Monday 29 March, 2010- The Minister of Finance and Economic Planning, Honourable Dr. Kwabena Duffuor, the Minister of Food and Agriculture, Honourable Mr. Kwesi Ahwoi and KfW First Vice President for West and East Africa, Dr. Klaus Muller signed a loan and financing agreement to the tune of �11.0 Million (Eleven Million Euros) composed of a �10.0 Million (Ten Million Euro) concessionary loan and �1.0 Million (One Million Euro) grant in respect of the Outgrower and Value Chain Fund (OVCF).

   Statement by IMF African Department Director Antoinette Sayeh at the Conclusion of Her Visit to Ghana Ms. Antoinette Sayeh, Director of the African Department of the International Monetary Fund (IMF), visited Accra, October 31 � November 2, 2009. Ms. Sayeh met with President Atta Mills and his senior economic team to discuss the opportunities and challenges facing Ghana. (November 04, 2009)

   Review Of The Producer Price Of Cocoa For The 2009/2010 Cocoa Season The Government has approved a new Producer Price of Cocoa for the 2009/2010 Season under the recommendation of the PPRC which met today under the Chairmanship of Dr. Kwabena Duffuor, Minister of Finance and Economic Planning. (October 15, 2009)

   FINANCE MINISTER INAUGURATES GOVERNING BOARD OF THE REVENUE AGENCIES Hon. Dr. Kwabena Duffuor has inaugurated an eleven-member Board for the Revenue Agencies and charged them to immediately come out with strategies that will ensure that revenue agencies meet their targets for this year. (August 18, 2009)

   DR DUFFUOR INAUGURATES 13-MEMBER NIB BOARD Hon. Minister of Finance and Economic Planning, Dr. Kwabena Duffuor today inaugurated the Board of Directors of the National Investment Bank and charged them to formulate and implement policies and strategies that will turn the bank around to enable play its required role in the national economy. (August 13, 2009)

   HON MINISTER OF FINANCE AND ECONOMIC PLANNING INAUGURATES MASLOC BOARD OF DIRECTORS A seven member Board of Directors for the Microfinance and Small Loans Centre (MASLOC), the first since its establishment in 2006, has been inaugurated by Honourable Dr. Kwabena Duffuor, Minister of Finance and Economic Planning. (August 13, 2009)

   GHANA - WORLD BANK SIGN US$300M DEVELOPMENT FINANCING AGREEMENT Ghana and the World Bank today signed SDR193.8 million (US$300.0 million equivalent) Financing Agreement in respect of the Economic Governance and Poverty Reduction Credit (EGPRC). (July 15, 2009)

   SIMEON P. KYEI APPOINTED NEW DIRECTOR OF BUDGET FOR MINISTRY OF FINANCE AND ECONOMIC PLANNING Mr. Simeon Patrick Kyei, Chief Manager, Research Department of the Bank of Ghana has been appointed as the new Director of Budget for the Ministry of Finance and Economic Planning. His appointment takes effect from today July 15, 2009. (July 15, 2009)

   Dr Duffuor Inaugurates SSNIT Board Dr. Kwabena Duffuor, Minister of Finance and Economic Planning has inaugurated the 13-member reconstituted Board of Directors of the Social Security and National Insurance Trust (SSNIT). (June 12, 2009)

   Hon. Minister of Finance and Economic Planning Inaugurates Board of Directors for Ghana Cocoa Boardt Dr. Kwabena Duffuor, Minister of Finance and Economic Planning has charged the Board of Directors of the Ghana Cocoa Board to ensure that Ghana regains her position as the leading producer of cocoa in the world. (June 12, 2009)

   MoFEP States Position On One Laptop Per Child The Ministry of Finance and Economic Planning (MOFEP) has taken notice of the recent media controversy emanating from the One Laptop per child Project (OLPC) and especially the recent publications on the arrival of 1000 laptops and the issues of who paid for them. (June 12, 2009)

   Dr Duffuor Denies Media Report The Minister of Finance and Economic Planning, Dr Kwabena Duffuor has expressed shock at a media report which seeks to impute some acts of impropriety on him. (May 29, 2009)

   IMF Staff Mission to Ghana discusses Article IV, makes progress on possible program A mission from the International Monetary Fund (IMF), led by Peter Allum, visited Accra during May 11-22, 2009 to conduct the annual Article IV Consultation with Ghana, and discuss the authorities' request for IMF financing in support of its program of economic adjustment and structural reform. (May 28, 2009)

   Government�s position on the State Insurance Company (SIC) The Ministry of Finance and Economic Planning, has followed the recent media debate on the operations of the State Insurance Company (SIC) and wishes to clarify certain issues. (May 28, 2009)

   Embargoed Till 06:O0 Hours Thursday May 7, 2009 Summary Of Issues Discussed During The Just Ended IMF/World Bank Spring Meetings (May 7, 2009) Please find attached a summary of some of the outcomes of the various meetings and discussions held by the Ghanaian delegation and her development partners during the just ended IMF/World Bank Spring Meetings for publication.
Please here to download attachment

   Confiscated Vehicles Allocation Committee Reconsituted (April 23, 2009)

   Hon. (Dr) Kwabena Duffour leads Ghana's delegation to the World Bank/IMF Annual Spring meetings Hon. (Dr) Kwabena Duffour leads Ghana's delegation to the World Bank/IMF Annual Spring meetings. (April 20, 2009)

   Ghana to receive US$ 24 million in budget support from Switzerland over the period 2009 - 2011 On 6 April 2009 the Swiss Ambassador to Ghana, H.E. Mr. Nicolas Lang, and the Minister of State for Finance and Economic Planning of Ghana, Hon. Dr. Kwaben Duffour, signed a new bilateral agreement to support Ghana in reducing poverty and dealing with the consequences of the global economic crisis by providing general budget support. (April 7, 2009)

   Ghana to receive up to US$1.2 billion in interest-free loans from the World Bank over next three years The World Bank will provide up to US$1.2 billion in interest-free loans to Ghana over the next three years, and has launched a landmark initiative that challenges civil society organizations and other citizens' groups to help deepen transparency and accountability by monitoring the implementation of Bank-funded projects in the country. (March 12, 2009)

   Government of Ghana and the European Commission signed 6.02 million Euro Addendum to the 10th European Development Fund (EDF) Country Strategy Paper and National Indicative Programme (CSP/NIP) for 2008 - 2013 (February 26, 2009)

   UPDATE ON PAYROLL ADMINISTRATION ISSUES The Government, through the Controller and Accountant-General�s Department (CAGD) has held three press conferences:

   DEVELOPMENT PARTNERS PLEDGE US$ 380 MILLION FOR 2009 BUDGET TO SUPPORT GHANA�S DEVELOPMENT AND ACCELERATE POVERTY REDUCTION Development partners announced today that around US$ 380 million will be provided to the Government�s 2009 budget to support Ghana in reaching the Millennium Development Goals and becoming a middle-income country by 2015.

   MAKING FINANCE WORK FOR AFRICA CONFERENCE, JUNE 17- 18, 2008 AND MAKING FINANCE WORK FOR GHANA, JUNE 16, 2008 ACCRA, GHANA Accra, Ghana June 10, 2007� More than 250 senior-level financial sector champions from over 30 countries will meet at the Partnership Forum for Making Finance Work for Africa in Accra, Ghana, from June 17-18.

   SIGNING OF THE 2ND MULTI DONOR BUDGET SUPPORT FRAMEWORK MEMORANDUM In May 2003 the Government of Ghana and nine of its Development Partners signed the first Multi Donor Budget Support (MDBS) Framework Memorandum, a document that contains jointly agreed underlying principles, rules and responsibilities.

Ghanaian-German Bilateral Negotiations on Development Cooperation successfully concluded The Intergovernmental Negotiations on Development Cooperation between the Republic of Ghana and the Federal Republic of Germany were held in Accra on 13 and 14 September 2007.

Support to the Rice Sector In Ghana Two financing agreements for a cumulative amount of 13,8 million euros

Ghana's Energy Sector to Receive US$210 Million from World Bank and other Development Partners Sector management, efficiency, reliability, sustainability access and alternative sources targeted

Ghana's Health Sector Gets a US$40 Million BoostAs World Bank Board approves two new projects to strengthen National Health Insurance, scale up fight against malaria and improve nutrition and child survival

Aid Harmonization in Ghana reaches New Height As World Bank Board Approves Landmark Assistance Strategy and Two New Projects

42nd Annual Meeting of the African Development Bank and 33rd Annual Meeting of the Board of Governors of the African Development Fund, May 10-23, 2007, Shangai, China

2007 World Bank / IMF Sprng Meetings

National Investment Bank (NIB) Presents 2006 Dividend to Government

Government of Ghana - European Union Joint Press Release Euro 2 Million in Support of the Cultural Initiative Programme.

Re-Sale of Agricultural Development Bank (ADB)

Re-Sale of Agricultural Development Bank (ADB)

Press Briefing on Use of HIPC Funds