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May 2016

Public Input into the 2017 Budget Statement and Economic Policy

The Ministry of Finance wishes to inform the general public that owing to this year being an election year, a three months estimates in advance of appropriation will be laid before Parliament by end November, 2016. However, a draft Budget Statement and Economic Policy will be prepared and presented in the first quarter of 2017.
The Ministry is most grateful to receive from recognized professional bodies, associations, civil society organizations and individuals, ideas and contributions that may be considered during the process of formulating the 2017 Budget Statement.

 

REQUEST FOR EXPRESSION OF INTEREST (ENGAGEMENT OF CONSULTANT FOR THE CERTIFICATION OF GOVERNMENT’S 2017 PETROLEUM BENCHMARK REVENUE)

The Petroleum Revenue Management Act, 2011 (Act 815), as amended (Act 893), was passed by Parliament and assented by H.E. the President to provide a legal framework for the collection, allocation and management of petroleum revenue in a responsible, transparent, accountable and sustainable manner for the benefit of the citizens in Ghana in accordance with Article 36 of the 1992 Constitution.

PUBLIC NOTICE ON 3-YEAR BOND ISSUANCE

Please be informed that in line with the Government’s published issuance calendar for May 2016, a 3-Year Fixed Rate Bond will be issued on Thursday, 26th May 2016 for an amount of GH¢500.00 million. This is to rollover the maturing 3-Year Bond, which falls due on 30th May 2016.  
 
I. Members of the general public may apply to any Primary Dealer for purchases of the said securities. 
 
II. The 3-Year Fixed Rate Bond is available to both Resident and Non-Resident Investors. Bids must be electronically delivered to the Central Securities Depository Auction Module not later than 1.30pm on THURSDAY 26TH MAY, 2016
 

REQUEST FOR EXPRESSIONS OF INTEREST

GHANA PORTS AND HARBOURS AUTHORITY    
BULK CARGO TERMINAL FOR CONCESSION: PORT OF TAKORADI
The Ghana Ports and Harbours Authority [GPHA], as the implementing agency under the Ministry of Transport of the Government of Ghana [GoG], is pursuing the procurement of private partners in the development and operations of some port and cargo terminals in the Ghanaian seaports. One of such procurement is under a Public Private Partnership [PPP] program in support of the Upgrade and Expansion of the Port of Takoradi.

KfW Energy Mission to Ghana

at the Ministry of Finance on the 11th of May, 2016

IMF 3rd Review Mission

at the Ministry of Finance on the 10th of May, 2016

Director, Accounts
Abraham Kofi Tawiah
Tel: 
+233 302 747 197
PRESS RELEASE - REBUTTAL TO DR. BAWUMIA’S STATEMENT ON THE EUROBOND AND THE GHANA INFRASTRUCTURE INVESTMENT FUND

Government’s attention has been drawn to a statement by Dr. Mahamudu Bawumia, the running mate to the Flagbearer of the New Patriotic Party, that Government is diverting US$250 million of the US$1.0 billion Eurobond issued last year to the Ghana Infrastructure Investment Fund (GIIF), which he claims not in operation, to a private account in a private bank, for election campaigns ahead of the November polls.

ISSUANCE CALENDAR FOR MAY 2016

The issuance calendar for the first half of 2016 was developed in line with the MTDS that specifies the aggregate amounts to be raised by instrument in the period.
 
Note that for the month of May 2016, Government plans to issue an amount of GHC5,520.00 million to rollover a forecast maturities of GHC5,229.95 million, with the remaining amount of GHC290.05 million being a fresh issuance to meet Government's financing requirements.

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