Finance Minister, Dr. Mohammed Amin Adam has touted development projects by the current government in the Ashanti Region, citing major infrastructure projects such as expansions of the Kumasi International Airport, the Komfo Anokye Teaching Hospital Maternity Block, and construction and rehabilitation of roads in Kumasi.
Press Statement on the Implementation of VAT on Electricity Consumption by Residential Customers
Reference is made to the Ministry of Finance’s (MoF) letter to the Electricity Company of Ghana, Ltd (ECG) and the Northern Electricity Distribution Company (NEDCO) on the above subject dated 12th December 2023; as well as MoF’s Press Statement on the subject issued on 30th January 2024.
RE: Ofori-Atta Took Ghs77 Million From The Contingency Vault For Football
The attention of the Ministry of Finance has been drawn to publications by some media houses , including Ghanaweb (Tuesday, 30th January 2024) alleging that, “Ofori-Atta took GHS77 million from the Contingency vault (vote) for football; GHS27.9million was spent on Black Stars” – an allegation attributed to Hon. Samuel Okudzeto Ablakwa.
Press Release on VAT for Residential Customers of Electricity
Reference is made to the Ministry of Finance’s letter to ECG and NEDCO on the above subject, dated 12th December 2023; as well as the press statement issued by Organised Labour on the same subject, dated 23rd January, 2024.
Ghana’s Secures Second Tranche of IMF US$600m for Disbursement
The Executive Board of the International Monetary Fund (IMF) has approved Ghana’s second tranche of US$600 million for immediate disbursement.
Ghana Reaches Agreement with Official Creditors on Debt Treatment Under the G20 Common Framework
The Government of the Republic of Ghana announces that it has reached an agreement with its Official Creditors under the G20 Common Framework, on a comprehensive Debt Treatment Beyond the Debt Service Suspension Initiative. Following the successful completion of the Domestic Debt Exchange Programme (DDEP) in 2023, this development constitutes a significant positive step towards restoring Ghana’s long-term debt sustainability.