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Finance Minister Inaugurates New Board for Ghana Revenue Authority

Accra, May 16, 2017 – A nine - member Board of the Ghana Revenue Authority (GRA), has been inaugurated by the Minister of Finance, Mr. Ken Ofori.
 
Addressing the Board, the Minister said revenue mobilization was the first of the five pillars defined by government to lead government’s economic transformation program.

Presentations at the National Policy Summit

The two-day summit provided a platform where some selected ministries engaged stakeholders on specific policies and the implementation plans.

The event  also gave private sector businesses an opportunity to discover ways of tapping into these policies.
 

Fitch Revises Outlook on Ghana to Stable: Affirms at 'B'

Fitch Ratings-Hong Kong-12 May 2017: Fitch Ratings has revised the Outlook on Ghana's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'B'. Fitch has also affirmed the issue ratings on Ghana's senior unsecured foreign and local currency bonds at 'B', as well as the 'BB-' rating on Ghana's USD1 billion partially guaranteed note. Ghana's Country Ceiling and Short-Term Foreign and Local Currency IDRs have been affirmed at 'B'.

GC-Net Pays GH¢ 17 Million Dividend to Govt.

This year, he noted, arears of dividend from April 2016 to March 2017 due government was GH¢27 million, out of which GH¢10 million has already been paid. The cheque for GH¢17 million, he explained, was the difference due for 2016 up to March, 2017.

 

The GC-Net Executive Chairman also presented documents on recommendations of Customs, Registrar General and the Ports.

SSNIT BOARD INUAGURATED

Accra, April 6, 2017 – An eleven - member re-constituted Board of Trustees for the Social Security and National Insurance Trust (SSNIT), has been inaugurated by the Minister of Finance, Ken Ofori Atta.

 

Addressing the Board, which is the thirteenth since SSNIT was set up, Hon Ofori-Atta challenged the members to ensure that SSNIT engages in prudent investments, to ensure long term financial sustainability of the Scheme, which he noted, will ultimately restore public confidence in SSNIT.

AfDB Representative Confers with Honourable Minister for Finance

Accra, April 4, 2017 - The newly appointed Officer-in-Charge of the Ghana Field Office of the African Development Bank (AfDB), Kennedy Mbekeani has paid a courtesy call on the Minister for Finance, Hon Ken Ofori Atta.
 
The purpose of the visit was to initiate discussions on the preparation towards the development of AfDB’s new Country Strategy Paper for Ghana.
 
Mr. Mbekeani in his introductory remarks said the AfDB efforts in Ghana will focus on five strategic areas, Energy, Agriculture, IT, Regional Integration and Roads. He said the strategy is aligned with the Ghana Shared Growth Development Agenda.

Government & World Bank Meet to Review Ghana’s Portfolio Performance

Accra, April 3, 2017 - The Government of Ghana and the World Bank, have met to review Ghana’s Portfolio Performance at the World Bank Group Office, Accra.
 
The meeting was intended to appraise the status of implementation, and especially, to demonstrate results as well as develop strategies to improve the performance of the portfolio.
 
Addressing the meeting, the Hon. Deputy Minister Designate for Finance, Mr. Charles Adu-Boahen said the forum provided a unique opportunity to share government’s vision as well as solicit collective action and commitment to the realization of government’s policy initiatives.

Government’s Issuance Calendar for Second Quarter of 2017

The calendar is developed based on the Net Domestic Financing provided in the 2017 Budget and the provisional Medium Term Debt Management Strategy (MTDS) for 2017-2019. The calendar specifies the aggregate amounts to be raised by instruments in respect of Government’s Public Sector Borrowing Requirements for the period April to June, 2017.

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