The Government has taken note of the measures announced by the Bank of Ghana on 1st August 2018, to consolidate five banks as part of efforts to restore confidence and trust in our banking system, and to protect depositors and jobs.
In 2014, PBB was implemented by all MDAs on the basis of different manuals and guidance materials. This has resulted in the establishment of some PBB fundamentals. However, to keep up with best international practices, and improve the current PBB practice, there is a need for a revision and consolidation of all PBB-related guidance materials.
The Parliament of the Republic of Ghana has passed the Luxury Vehicle Levy to impose an annual levy on vehicles with high engine capacities. The implementation of this Law takes effect from Wednesday, 1st August, 2018.
The Minister of Finance, Ken Ofori-Atta has been elected as Chair of the Governing Board of the African Capacity Building Foundation (ACBF). This comes a day after the Minister presented the 2018 Mid-Year Budget.