Speeches

Launch of tax Audit & Quality Assurance Unit at GRA

To increase our tax-to-GDP ratio from 13% to 20% to match our peers on the Continent requires challenging the status quo. It requires making tough choices which would force people to leave their comfort zones. It calls for having a Quality Assurance Unit. A Unit that will watch the watchman and protect the taxpayer from abuse by some tax officers in GRA. The current manual system has led to leakages resulting in revenue losses between GHS700 million to GHS1 billion (McKinsey, 2019).

Speech by Hon. Minister on GCX Inauguration

Your Excellency, the President of the Republic of Ghana, Honourable Ministers, Honourable Members of Parliament, Traditional Rulers, Members of the Business Community and our able Farmers, the Media, Invited guests, distinguished Ladies and Gentlemen. Good Morning.   I am very excited to be here with you all for this historic inauguration of the operations of the Ghana Commodity Exchange(GCX). Today, a new market is born, an institution that will contribute immensely to the transformation of our economy, a regulated market that will see agricultural and other commodities take center stage in our endeavor to ensuring irreversible economic growth and development.

2017 Thanksgiving Service – Ministry of Finance

Afehyia Pa to you all. The end of the year is a great time to reflect on what we’ve done over the last eleven months – reviewing our achievements in the light of the vision and new direction set for our country by HE the President and reflecting on those things that didn’t quite go according to plan; but recognising the opportunities to re-assess and re-implement them having in mind all lessons learnt.

Speech by Charles Adu Boahen, Dep. Minister for Finance at the 2018 Capital Market Week at Labadi Beach Hotel - October 25, 2017

It is remarkable to see how the Ghana Securities Industry Association (GSIA) has evolved into such a strong and vibrant organization, with a strong commitment to ensuring the growth of the capital markets, promoting market education, and encouraging good ethical practices among players. I understand that the GSIA is currently responsible for organising this event, taking over from the SEC two years ago. I will commend you all for the great commitment to working together to shape the industry and most importantly to support government policy for the capital market.

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

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.

Presentation On the New PFM Act by Acting Chief Director

As you know, the Ministry has been implementing major structural reforms in Budgeting, Accounting, Payroll management, Revenue management, Debt management and Auditing over the past five years. We believe that the passage of the law will tie some of the key reforms together and provide a more coherent and overarching framework for the fiscal management of the public sector.
 

Speech by hon. Minister of Finance, Ghana (Seth Terkper) IMF international Seminar for Tax Policy and Administration Topical Trust Fund (tpa-ttf) Beneficiary Countries. Theme: “Managing Tax Administration Reform Programs”

Mr. Chairman, notwithstanding an extremely challenging macroeconomic environment, most Low and Lower Middle Income countries (LLMICs) including Ghana have recorded a robust but gradually declining growth over the past decade. The Ghanaian economy has started a turnaround to continue to remain resilient, and despite recent slowdown, is currently in its thirteenth (13th) consecutive year of expansion It combines  improvements in macroeconomic management and strong capital investments in infrastructure and the energy sector during this period.

Remarks Delivered by IMF Deputy Managing Director, Min Zhu at a Media Briefing Held at the Mövenpick Hotel, Accra, Ghana - 2nd February, 2016

This is a crucial time for this country. For many years, Ghana stood out as a model for democracy and social stability. Your achievements in reducing poverty levels, improving the welfare of most vulnerable and providing key social services such as health and education were noticed in the region. But the past few years have been characterized by uncertainty and challenges: fiscal and external imbalances, depressed commodity prices, a growing public debt, high inflation and a weakening currency are creating a difficult outlook for the country.

Opening Remarks at the IMF Conference On Enhanced Data Or Better Macroeconomic Policies by Hon. Seth E. Terkper, Minster of Finance, Ghana - 2nd February, 2016

On behalf of the Government and People of the Republic of Ghana, I warmly welcome you to the city of Accra and to the first and largest conference ever in Africa dedicated to the topic of enhancing data for better macroeconomic and financial policies. We are very pleased to be collaborating with the IMF and the United Kingdom Department for International Development (DFID) to discuss this important topic and I am particularly delighted to host this gathering of high-level policy colleagues from across the continent.