Cenpower Generation Company Limited (Cenpower) has committed to switching its primary fuel from light crude oil (LCO) to natural gas and signed a gas supply agreement (GSA) with the Ghana National Petroleum Corporation (GNPC).
Government of Ghana Successfully Secures Amended Terms with CENIT Energy Limited
Government of Ghana successfully secures amended terms with CENIT Energy Limited and calls on all other independent power producers to expedite conclusion of negotiations. CEL is a Ghanaian independent power producer (IPP) that began commercial operations in 2012.
S & P Global Ratings lowers Ghana's Long-Term Rating to B- with a Stable Outlook
Reference is made to a publication by S & P Global Ratings that the Rating Agency had lowered Ghana's long-term foreign and local currency sovereign credit ratings to B- from B and affirmed its B short-term ratings.
Ministry of Finance Consults with the Social Partnership Council and Faith-Based Organisations on Agyapa Royalty Transaction
The Ministry of Finance held separate virtual meetings with the Social Partnership Council (SPC) and the leadership of Faith-Based Organisations (FBOs) as part of its stakeholder engagement and consultations drive to deepen the understanding of the Agyapa Royalty transaction.
Government to Broaden Consultations in Agyapa Royalties Transaction
The Minister for Finance, Hon. Ken Ofori-Atta has expressed Government’s readiness to engage and broaden consultation to fill any communication gap in the Agyapa Royalties Transaction. The Ministry will in the coming days, meet with various organized groups.
Agyapa Royalties Transaction not Suspended
The attention of the Ministry of Finance has been drawn to a publication on Ghanaweb on 3rd September stating that Government has suspended the Agyapa Royalties transaction after a meeting with Civil Society Organizations (CSOs) on Wednesday 2nd September, 2020.
KRL International LLC's Service Provision to the Government of Ghana
The Ministry of Finance has been made aware of a recent article published anonymously on 10th August, 2020, on the website Open Source Investigations (OSI) and carried on other local electronic and print media. The article is a clear misrepresentation of the facts as it relates to Ministry of Finance’s contractual relationship with, and fee payments to, KRL International LLC.
Re: Commission steps up Fight against Money Laundering and Terrorist Financing
Ghana regrets 7th May, 2020 publication by the European Commission (EC) proposing to the European Union Parliament to add Ghana to its list of high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes on 1st October, 2020.
Government Launches new Policies to speed up Financial Inclusion and Digital Payments to Transform the Economy
The Ministry of Finance has launched three policy initiatives designed to deepen financial inclusion and accelerate the shift to digital payments. As part of the launch, the Ministry presented the government’s vision of building a highly digitized payment system that accelerates economic development and drives inclusive growth.
Re-Government Shared Different Macroeconomic Data with Ghanaians and IMF
Our attention has been drawn to a publication by factcheck-ghana.com of the Media Foundation for West Africa suggesting that Government has shared different macroeconomic data with Ghanaians and the International Monetary Fund (IMF). We wish to state that this assertion is false and misleading