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Press Release

Rejoinder: Strong Dollar Threatens Debt Crisis in

The attention of the Ministry of Finance has been drawn to a recent study by the Overseas Development Institute (ODI) on “Sub-Saharan Africa International Sovereign Bonds” which assesses the risks associated with the use of international sovereign debt by sub-Saharan African countries. The report, however, contains factual inaccuracies that are being carried by both international and local media (e.g. “Strong Dollar Threatens Debt Crisis in Sub-Saharan Africa”, The Guardian, 28 January 2015).

Press Briefing by the Hon. Minister of Finance - 16th January, 2015

Update on Global Growth - It is important to note that, the global economy is still struggling to gain momentum as many high-income countries continue to contend with the aftermath of the global financial crisis and emerging economies are less dynamic now than in the past.

Response to Minority’s Press Release on the Utilisation of the 2014 Eurobond Proceeds of US$1.0 Billion

On 18th September, 2014, Ghana issued its third Sovereign Bond in an amount of US$1 billion at coupon rate of 8.125 percent. After discount and estimated issue expenses a total amount of US$988,706,548.00 was credited to Government account at the Bank of Ghana on 19th September, 2014.

Ghana joins Better Than Cash Alliance for greater financial transparency

The Government of Ghana joined the Better Than Cash Alliance to enhance fiscal transparency and promote financial inclusion for all its citizens. By becoming an Alliance member, the Government commits to transition government programmes from cash to digital payments.

Government of Ghana Sovereign Bond Listed on Ghana Stock Exchange

Government of Ghana on Thursday, 16th October, 2014 officially listed its third Eurobond on the Ghana Stock Exchange. The Bond was issued on Thursday, 11th September 2014.

Hon. Seth Terkper Leads Government Delegation to the 2014 IMF/World Bank Annual Meeting In Washington DC, USA

Hon. Seth Terkper, Minister of Finance is leading a Government delegation to the IMF/World Bank Annual Meetings to be held in Washington, from October 10-12, 2014.
 
The delegation is made up of the Governor of the Bank of Ghana, the Chairman of the Finance Committee of Parliament and Officials from the Ministry of Finance and the Bank of Ghana.

Review of the Producer Price of Cocoa for the 2014/2015 Cocoa Season

The Producer Price Review Committee (PPRC) on cocoa met today under my Chairmanship and agreed on a new Producer Price of cocoa for the 2014/2015 season which opens on Friday, 3rd October 2014.
 
The PPRC has reviewed upwards the producer price of cocoa from GH¢3,392.00 per tonne to GH¢5,520.00 per tonne for the 2014/15 cocoa season. As compared to the previous season, this amount represents an increase in price of GH¢2,128.00 per tonne or 62.74%. This figure translates into GH¢345 per bag of 64 kg gross which represents about 75 percent of the net FOB.

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