The attention of the Ministry of Finance has been drawn to social media publications claiming that government has dropped the allocation of GHC241,933,000 for the E-Transaction Levy Services in the 2022 Budget and it will, therefore, not appear in the Appropriations Bill.
Ghana’s Fiscal Deficit as Presented in the 2022 Budget
As part of the feedback from the presentation, the Ministry has noted with concern that the overall fiscal balance (the budget deficit) as a percentage of GDP is being misrepresented.
Finance Minister to Present 2022 Annual Budget to Parliament
The Minister for Finance, Ken Ofori-Atta will, on behalf of the President lay before Parliament, the 2022 Budget Statement and Economic Policy of Government on Wednesday, 17th November, 2021.
Publication of Sustainable Financing Framework
Ghana initiated its 2021 International Capital Market Programme for the issuance of sovereign bonds in the last quarter of 2020. Subsequently, Parliament on 10th November 2020, granted Government approval to issue bonds amounting to US$3.00 billion, of which proceeds of up to US$1.5 billion was to be applied to support the 2021 budget and growth expenditures.
Minister for Finance Ken Ofori-Atta is at Post
The attention of the Ministry of Finance has been drawn to rumours circulating on social media platforms that the Minister for Finance, Ken Ofori-Atta has resigned from his position.
Ghana's Economy Shows Strong Growth Prospects - Moody's and S&P Affirm Ghana's Credit Rating
Two Credit Rating Agencies - Moody's Investor Services ("Moody's") and Standard and Poor ("S & P") affirmed Ghana's Credit Rating at B3 and B- respectively. The Rating Agencies also maintained Ghana's outlook.
Ghana has Received US$1 Billion Allocation from the Historic US$650 Billion IMF SDR Allocation to Boost Global Recovery
Ghana has received the equivalent of US$1 billion from the International Monetary Fund (IMF), being its share of the new Special Drawing Rights (SDRs) allocation to boost the post-COVID economic recovery of member countries.
Agenda 111 600 million cedis Budget Allocation
Accra, 19th August, 2021 - The Ministry has noted with concern, speculations in the media, based on allegations by the Minority in Parliament that government had already spent GH￠636 million on the Agenda 1 1 1 even before the sod cutting of the project.
Government Presents 2021 Mid-Year Budget Statement to Parliament on 29th July 2021
ln 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 to Parliament not later than 31st July of each financial year. This year's presentation to Parliament will take place on Thursday 29th July, 2021.
Payment of Premium to Staff of the Civil and Local Government Services
The attention of government has been drawn to media publications and agitations within the public domain in respect of this Ministry’s letter dated 12th July, 2021 on the payment of fifteen percent (15%) interim premium to staff of the Civil and Local Government Services (CLOGSAG).