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April 2017

GOVERNMENT PAYROLL CLEANED

The Minister of Finance, Ken Ofori-Atta, has directed that names of 26,589 public sector workers be removed from the payroll commencing April 2017, since those affected have not been registered on the new SSNIT biometric system, despite several directives to do so.
 
The Minister, in his presentation of the 2017 budget, announced Government’s commitment to clean the payroll. To that effect, the Minister requested that the Controller and Accountant General on the 10th of February 2017, inform all public servants on the Government of Ghana mechanized payroll system who had not registered on the new SSNIT biometric system to do so by the end of February 2017.
 

ASPERSIONS ON THE US$2.25 BILLION OF DOMESTIC CEDI DENOMINATED BONDS ISSUED BY THE GOVERNMENT OF GHANA

April 20, 2017  The attention of the Ministry of Finance has been drawn to a statement issued by the Minority in Parliament which seeks to cast negative aspersions on the 9.7 billion cedis (USD2.25 BILLION) domestic bond issue of the Government of Ghana.
 
2.         The Ministry considers the statement as unfortunate especially as it was fronted by Hon Cassiel Ato Forson, a former Deputy Finance Minister, who knows very well the workings and processes for the issue of domestic bonds and as such, should not be making such baseless allegations. As such, the Ministry has no choice but to surmise that these allegations are maliciously designed to malign and negate the positive news and rave reviews this landmark transaction has garnered, both locally and internationally.

HON. KEN OFORI-ATTA LEADS GOVERNMENT DELEGATION TO THE 2017 IMF/WORLD BANK SPRING MEETINGS IN WASHINGTON DC, USA

April 19, 2017    The Chairman of the Economic Management Team, Vice President Dr. Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a Government delegation to the IMF/World Bank Spring Meetings to be held in Washington DC, from April 18 – 28, 2017.
 
2.         The delegation is made up of officials from the Bank of Ghana, led by the Governor, Dr. Ernest Kwamina Yedu Addison; the Chairman of the Finance Committee in Parliament, Dr. Mark Assibey Yeboah (MP); and officials from the Finance Ministry.

GHANA AND CZECH REPUBLIC SIGN DOUBLE TAXATION AGREEMENT

Accra, April 11, 2017 - Ghana and the Czech Republic have signed a Double Taxation Agreement. The Minister for Finance, Ken Ofori Atta, and the Czech Ambassador to Ghana, Margita Fuschova, respectively signed on behalf of both countries. 

 

2.       This agreement was signed after the two countries concluded negotiations for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.

Ghana Infrastructure Investment Fund - Investment Policy Statement

Purpose of the Policies and Guidelines This Investment Policy Statement (“IPS”) is issued by the Board of Directors (the “Board”) of the Ghana Infrastructure Investment Fund (the “Fund” or “GIIF”) in pursuance of the object of the Fund. As a body corporate wholly owned by the Republic of Ghana and established pursuant to the Ghana Infrastructure Investment Fund Act, 2014, Act 877, (“the Act”) the Fund’s mandate is to mobilize, manage, coordinate and provide financial resources for investment in a diversified portfolio of infrastructure projects in Ghana for national development.

 

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