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Press Release

ISSUANCE OF 5 - YEAR TREASURY BOND POSTPONED

Due to recent market developments, the Ministry of Finance (MoF) and the Bank of Ghana (BoG) has postponed the book-build for the 5-year Treasury Bond issuance scheduled for August 2015. The MoF, BoG and Bookrunners remain committed to Ghana's medium to long term debt management strategy, and will keep the market updated on developments with this issuance. ...

PRESS STATEMENT ON THE ISSUE OF MEDIUM- TO-LONG DATED GOVERNMENT SECURITIES

Over the years, Government has been using Bank of Ghana’s (BoG) auction process to issue all of its debt instruments. These are the 91 and 182 day Treasury Bills, 1- and 2-year notes, and the 3-, 5- and 7-year fixed rate bonds. Therefore unlike the other countries, GOG does not use the stock exchange for new issues even though they are listed after the issue

World Bank Approves Largest Ever Guarantees for Ghana’s Energy Transformation

WASHINGTON, July 30 2015 – The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project - a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation.

Statement at the Conclusion of an IMF Review Mission to Ghana

A team from the International Monetary Fund (IMF), led by Joel Toujas-Bernate, visited Accra during June 17-30, 2015 to conduct discussions on the first review of Ghana’s financial and economic program supported by the IMF's Extended Credit Facility...

PRESS RELEASE - Government has not concluded contract with Bankswitch Ghana Limited

Tuesday, 23rd June, 2015. The attention of the Ministry of Finance has been drawn to media reports on Government of Ghana having concluded a contract with Bankswitch Ghana Limited.
 
The Ministry wishes to emphatically state that this information is not true.
 
After the Permanent Court of Arbitration's ruling against Government of Ghana, which awarded a cost of GHC 197.4m plus a legal cost of US$4.5m against Government ...

Hon. Terkper Leads a Gov't Delegation to the 2015 IMF and WB Spring Meetings

Today, April 14, 2015. Hon. Seth Terkper, Minister of Finance, is leading a Government delegation to the 2015 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington DC from 14th to 24th April, 2015. The delegation is made up of officials from the Bank of Ghana including the Governor; the Chairman of the Finance Committee in Parliament, and Officers from the Finance Ministry and the Bank of Ghana.

GOVERNMENT’S RESPONSE TO IMANI/ IFS PRESS STATEMENT TITLED “A FINANCIAL LOSS THAT COULD HAVE BEEN AVOIDED”

The Ministry of Finance’s attention has been drawn to a statement jointly made by IMANI Ghana and the Institute for Fiscal Studies (IFS).
The Ministry of Finance, over the last two years has always welcomed a robust public debate on the state of the economy and the management of public funds which the Ministry is constitutionally mandated to do. Such debates, regardless of whatever form they take and on whatever forum or platform they are made should, however, be grounded on facts and technical know-how rather than conjecture and innuendo.

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