On Tuesday, Ghana became the first ever country on the African continent to issue a 41-year bond, as the West African country successfully raised US$3 billion in the international debt capital markets.
2020 Budget Implementation Instructions
Following the passage of the Appropriation Act, 2019, (Act 1008) by Parliament, the Ministry has issued this Budget Implementation Instructions in accordance with the Public Financial Management Act, 2016 (Act 921), to guide all Ministers (Principal Account holders) and Chief Directors (Principal spending officers) in the implementation of the 2020 Budget.
Moody's Changes Ghana's Outlook from Stable to Positive, Affirms B3 Rating
Reference is made to a publication by Moody’s from their New York Office, on 24th January, 2020 that the Rating Agency had affirmed Ghana's long-term issuer and senior unsecured bond ratings at B3 and changed the outlook from stable to POSITIVE.
Government and World Bank Group sign Financial Agreement for Four Projects
The Government of Ghana represented by the Minister for Finance, Ken Ofori-Atta has signed financial agreements for four projects amounting to UD 569.39 million with the International Development Agency of the World Bank Group, represented by the Country Director, Mr. Pierre Frank Laporte.
Government’s Determination to take Ghana out of the aid Dependency Syndrome on Course
A Deputy Minister for Finance, Hon. Charles Adu Boahen has given a firm indication that Government’s desire to take Ghana out of the aid dependency syndrome was on course.
Minister for Finance announces the Establishment of African Sankofa Savings Account
Minister for Finance today announced the establishment of the “African Sankofa Savings Account”, a diasporan investment and savings fund to provide investment opportunities for Diaspora Community worldwide.