News

Ghana has signed two loan agreements worth over USD 70 million to improve quality post graduate education and build educational infrastructure in the country.

Ghana and officials of the Global Partnership for Education (GPE) met on the side-lines of the 2019 IMF World Bank Annual Meetings to discuss innovative ways to raise funding to urgently finance education.

As part of the series of engagements with stakeholders to solicit views for consideration into the 2020 Annual budget, the Ministry of Finance held a breakfast meeting with a number of Financial Institutions.

An International Monetary Fund (IMF) Mission is visiting Ghana from Monday, 30th September - Friday 11th October, 2019, to engage in Article IV Consultations as part of the Fund's mandatory multilateral surveillance for all IMF-member countries. This will be the first Article IV Consultants since Ghana successfully concluded the 4-year IMF-supported Extended Credit Facility (ECP) Programme in April, 2019.

Ken Ofori Atta, Minister for Finance has called for an overhaul of the global financing architectural framework, if Africa is to achieve the Sustainable Development Goals (SDGs). These include global financial arrangements which make producer countries ‘price takers’; conditions that promote illicit financial flows; conditionalities associated with capital acquisition and its high cost.

Ken Ofori Atta, Minister for Finance today said that as much as there was the need to accelerate innovative financing to assist developing countries achieve SDG on education, it was very crucial that the current pedagogy in some developing countries should be overhauled to equip the youth in those countries to properly engage the world in the near future.

The Government of Ghana has secured a US$20m concessional funding for the construction of additional facilities, supply and installation of medical equipment to the adjunct clinical block at the Bolgatanga Regional hospital in the Upper East Region.

The Ministry of Finance has engaged a number of stakeholders to solicit their inputs into the 2020 budget statement and economic policy of government to be presented to Parliament in November 2019.

The Minister for Finance, Ken Ofori Atta has called on the Faith Based Organizations (FBOs) in the country to join hands and support government to realize the change needed for the total growth and transformation of the country.

Nana Addo Dankwa Akufo-Addo has given the firm indication that the State Interest and Governance Authority would solve a number of the bottlenecks and challenges in doing business in the country.