The Ministry of Finance is one of the central management agencies of the civil service of Ghana. The Ministry used to be known as Ministry of Finance and Economic Planning. However, the planning function was ceded to the National Development Planning Commission in view of Article 87 of the 1992 Constitution.
The Ministry was established under section 11 & 13 of the Civil Service Law 1993(PNDCL 327) and amended by an Executive instrument 28(E.I 28) Civil Service (Ministries) (Amendment instrument,2017) to ensure effective and efficient Macroeconomic and financial management of Ghana’s economy.
To be the lead economic management institution for development and prosperity for all Ghanaians.
To ensure effective economic policy management for the attainment of macroeconomic stability and sustainable economic growth employing sound fiscal policy and efficient public financial management, competent staff and robust system for the socio-economic development of Ghana.
The goal of the Ministry is to ensure efficient and effective management of the economy towards the attainment of upper middle income status and poverty reduction.
- Support the development of an efficient financial sector that supports structural transformation of the economy, promotes financial inclusion and is well integrated into the global financial system.
Formulate, implement, monitor and evaluate macroeconomic, fiscal and financial policies for sustainable development.
Ensure effective mobilization of domestic and external resources.
Ensure efficient and effective allocation and prudent management and utilization of resources.
Establish and disseminate performance-oriented guidelines and deploy efficient financial management information systems.
Ensure commitment to transparency, probity and accountability in the management and utilization of financial resources.
Ensure sustainable public debt levels.