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Press Release

GOG RAISES OVER USD2 BILLION INCLUDING A DEBUT 15 YEAR DOMESTIC BOND

Accra, Monday 3rd April, 2017 –The Ministry of Finance successfully issued 15 and 7 year bonds with the same coupon of 19.75%, raising a total amount of USD1.13 billion. In addition, the Ministry of Finance raised the cedi equivalent of USD1.12 billion in 5 and 10 year bonds via a tap-in arrangement. These activities raised a total of USD2.25 billion and resulted in the lengthening of the maturity profile of the instruments available on the domestic market.

Stakeholder Workshop on Beneficiary Ownership Disclosure Held

The Deputy Minister designate for the Ministry of Finance, Hon. Abena Osei Asare (MP) has reiterated governments commitment to fight corruption. She noted that opaque company structures are being used to launder significant sums of money, that could be used to improve the lives of people which such ill-gotten gains were meant to serve. She made the remarks on behalf of the Minister of Finance, Ken Ofori Atta, at a “Stakeholder workshop to establish a framework for the implementation of Beneficial Ownership Disclosure Provisions in the amended Companies Act” in Accra.

Dr. Nashiru Issahaku Resigns as Governor of the Bank of Ghana

Accra, Thursday March 30, 2017 - Dr. Abdul-Nashiru Issahaku has announced his resignation as the Governor of Bank of Ghana for personal reasons with effect from April 1, 2017. Dr. Abdul-Nashiru Issahaku joined the Bank of Ghana as 2nd Deputy Governor in July 2013 and became Governor on April 1, 2016. The Government of Ghana takes this opportunity to thank him for his service to the country.

SCHEDULE FOR BIOMETRIC REGISTRATION EXERCISE MOE / GES NEWLY TRAINED TEACHERS 22ND MARCH – 3RD APRIL, 2017

March 20, 2017  The Ministry of Finance and the Controller and Accountant General’s Department wishes to announce that biometric registration of newly employed and approved government workers, particularly newly trained teachers, will take place from March 22 – 3rd April 2017.
 
2.         The exercise will take place in all ten regional capitals per the schedule below.

Hon. Ken Ofori-Atta to Deliver the 2017 Budget Statement and Economic Policy On Thursday, 2nd March, 2017

The Minister for Finance, Hon. Ken Ofori-Atta, will on behalf of His Excellency the President, present the 2017 Budget Statement and Economic Policy to Parliament on Thursday, 2nd March, 2017 at 11am.
 
The 2017 Budget is expected to focus on stimulating growth and job creation through private sector development. It will aim at getting Ghana working again.
 
The Budget will include measures to restore fiscal discipline and good economic governance, transparent and accountable use of public resources in accordance with the new Public Financial management law and to provide a credible basis for economic policy clarity going forward.

IMF Staff Concludes Visit to Ghana

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in a dialogue about the new government’s economic plans, and discuss prospects for program engagement with the IMF.[1]
 
Mr. Toujas-Bernaté released the following statement at the end of the visit:
 
 “Ghana’s economy continues to face challenges. While the estimated economic growth of 3.6% in 2016 exceeded our target of 3.3%, the  decline in inflation has been slower than expected. The current account deficit narrowed to 6 ½ percent of GDP, contributing to a small buildup of foreign exchange reserves.

Press Release from the Ministry of Finance

Thursday, 2nd February, 2017; The Ministry of Finance and the Economic Management Team has begun the process of preparing the 2017 budget and Economic Policy of Government. 
 
2.       Our focus is to audit the fiscal accounts and provide a credible basis for economic policy going forward. Our commitment is to restore fiscal policy credibility and transparency as well as policy clarity.
 
3.       As part of the process, the Honourable Minister has held bilateral meetings with the various Ministries, Departments and Agencies to review their policies and ensure consistency with the Government’s medium term policy strategy.

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