Press Release

The Minister for Finance, Hon. Ken Ofori-Atta and Minister for Works and Housing, Hon. Samuel Atta Akyea today embarked on a working visit to the Tema Development Corporation (TDC) affordable housing enclave and Adom City Estates in Tema Communities 26 and 25 respectively.

On 14th September, 2020, the Office of the Special Prosecutor (OSP), in exercise of its mandate pursuant to sections 2 (1) (c), 29, 69 and 73 of Act 959 and Regulation 31 (1) and (2) of L.I. 2374 requested for information and production of documents in relation to a risk assessment it was conducting on Agyapa Royalties transaction. 

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 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.

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.

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.

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.

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. 

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.

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.