Government has recently announced at a meeting hosted by the Ministry of Finance, the Ministry of Energy, IPPs and GSs on 26th August, 2019, that it is forming a steering committee under the Energy Sector Recovery Task Force to engage with each IPP and GS to resolve the Take-or-Pay power contracts crippling the country’s energy sector.
Government Debt Strategy and Issuance of Maiden 20 Year Bond and other Matters Relating to Bloomberg Reportage
The Ministry of Finance issued a debut 20-year domestic bond to investors with a settlement date of 26th August, 2019.
Government of Ghana to commence Collaborative Consultation process with IPPS and Gas Producers
The Government of Ghana hosted Independent Power Producers and Gas Producers at a meeting with the Ministry of Finance and the Ministry of Energy.
Ken Ofori-Atta to present 2019 Mid-Year Budget Review to Parliament
In accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921) the Minister for Finance is expected to present the Mid-Year Review and Supplementary Estimates to Parliament not later than 31st July of each financial year. This year’s presentation to Parliament will take place on Monday 29th July, 2019.
Ghana hosts 2019 Africa Caucus Meeting, delegates of the IMF and the World Bank
The Ministry of Finance and the Bank of Ghana will host the first leg of the 2019 African Caucus Meeting of the Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Accra between 31st July and 2nd August 2019.
Several Road Projects get GH¢1.56BN Conditional Funding Approval
Minister of Finance, Ken Ofori-Atta, on Friday 28 June conditionally approved a multi-year funding commitment of GH¢1,560,551,812.33 for commencement of fourteen (14) road projects over the medium term.
GRA Management and Personnel Changes
In line with ongoing reforms by Government at the Ghana Revenue Authority (GRA) to improve performance, consistent with the 2019 Budget (paragraph 288), there have been changes at the Top Management level of the institution.
Adopting Growth-Enhancing Policies While Containing Risks and Protecting the Most Vulnerable
Ghana’s Finance Minister, Mr. Ken Ofori-Atta has indicated that the surest way of attaining UN Agenda 2030 for Sustainable Development was to adopt growth-enhancing policies while containing risk and protecting the vulnerable.
Eurobond Market Overwhelmingly Endorses Ghana as the Country Successfully Nears Completion of the IMF Programme
Ghana successfully raised US$3 billion in Eurobonds yesterday. The country’s strong
macroeconomic performance over the past two years and bright future prospects were
confirmed by the Capital Markets with an unprecedented order-book in excess of US$21
billion; an oversubscription of more than seven (7) times the largest ever in Africa to-date.
Google Regrets a Glitch in their Exchange Rate Currency Converter that affected their Cedi to Dollar rates last Friday
Accra, Wednesday 20th March, 2019 - On Friday, 15th March, Google’s currency converter widget displayed a cedi to dollar rate that was four times the actual value, alongside erroneous market rates of a number of currencies against the Ghanaian Cedi.