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Press Release

Hon. Seth Terkper leads Government Delegation to the 2016 IMF/World Bank Spring Meetings

Hon. Seth Terkper, Minister of Finance, is leading a Government delegation to the IMF/World Bank Spring Meetings in Washington DC. The delegation is made up of officials from the Bank of Ghana, the Chairman of the Finance Committee in Parliament and officers from the Finance Ministry.

Aside the statutory meetings with the Fund and the Bank, the delegation will meet with the World Bank Vice President for Africa and IMF Deputy Managing Director.

GHANA EMBARKS ON A NON-DEAL ROADSHOW

The attention of MOF has been drawn to media reports circulating about Ghana going for a Road Show in preparation for another Eurobond.
 
We wish to confirm that Ghana is on a road show, but this is a non-deal road show, which is part of our routine investor relations activities designed to share information on financial and economic developments with investors. This means that there is no intent to issue any Eurobond on this particular mission.

Ghana Launches 2014 EITI Reports

Accra, March 30, 2016. The National Multi-stakeholder Steering Committee of the Ghana Extractive Industries Transparency Initiative (GHEITI) has today formally launched the country's 2014 mining, oil and gas EITI audit reports, released on December 31, 2015 and the Open Data Dashboard, aimed at facilitating ease of appreciation of the information contained in the two reports (mining / oil and gas). The mining report brings to twelve, the total number published since Ghana acceded to the initiative in 2003; while the oil and gas report is the fourth for the oil and gas sector.

Ghana Issues 5-Year Domestic Bond

Monday 14th March, 2016. In accordance with the implementation of the new debt management strategy outlined in the 2016 Budget Statement and Economic Policy of Government, the Republic of Ghana successfully, issued a second 5-year Bond through the ‘book-building approach” on 3rd March 2016.

A total of 76 bids were tendered with a face value of GH¢776.44 million, out of which GH¢746.44 million was accepted. Offshore investors took up 67% of the total allotted bids with price ranging from 23.50% to 25.75%.

Ghana wins Global Extractive Industry Transparency Award

Ghana has been acclaimed an exemplary implementer of the Extractive Industries Transparency Initiative (EITI), and honoured for its strict implementation of the recommendations of the Ghana EITI (GHEITI) leading to far-reaching policy, regulatory, and institutional reforms in its mining, oil and gas sectors.

Ghana was among four countries selected from among 49 EITI implementing countries for the prestigious EITI Chair’s award, at the ongoing 7th Global EITI Conference in Lima, Peru. The others are: Democratic Republic of Congo, Mongolia, and the Philippines.

PRESS BRIEFING - Ghana – The Turn Around Story by Hon. Seth E. Terkper - Minister for Finance on the 9th February, 2016

Over the last 2½ years, we have followed a path of fiscal consolidation, whilst also investing in the real and social sectors. The prospects also remain bright as the country transitions to  lower middle income country. This presents an update on the 2016 Budget Statement and Economic Policy of Government to the people of Ghana and our other stakeholders.

Press Release: Payments to Statutory Funds in 2015

The Ministry of Finance has as of 31st December 2015, cleared all payments due to statutory funds for the fiscal year 2015 in line with Government Public Expenditure Management and Arrears Clearance programme  indicated in the 2015 Budget Statement and Economic Policy.

The Ministry is pleased to announce that following the budget and arrears clearance plan, payments amounting to GH¢3,751.02 million have been made to GETFund, DACF, NHIF and the NPRA Tier 2 pensions to honour the 2015 obligations.

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