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Press Release

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.

PRESS RELEASE - IMPLEMENTATION OF THE INCOME TAX ACT, 2015 (ACT 896)

Following the passage of the Income Tax Act, 2015 (Act 896) in September, 2015 Government has taken note of the concerns of taxpayers and the general public on some provisions of the Act especially those relating to the withholding tax on the provision of services and the payment of tax on interests paid to individuals.

Press Release: Hon. Terkper to deliver 2016 Budget Statement & Economic Policy on Nov-13, 2015

The Minister of Finance, Hon. Seth Terkper will on behalf of His Excellency the President, present the 2016 Budget Statement and Economic Policy to Parliament on Friday, 13th November, 2015.

The Budget is expected to focus on accelerating and sustaining growth to maintain confidence in the Ghanaian economy and outline policies to bring down the deficit. It will also detail the achievements for the year 2015 and government’s policy objectives and financial estimates for the medium term. 

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