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Speeches

Keynote Address by the Hon. Ken Ofori-Atta, Minister for Finance at Launch of the 2020 SDGs Budget Report

With less than 9 years to 2030 - the deadline for realizing the Sustainable Development Goals - the government of Ghana concurs with the United Nations on the need for accelerated action to enable us to realise these ambitious yet critical objectives that we have set for ourselves in the Sustainable Development Goals. The Pandemic has exacerbated the challenges of achieving the Global and Country level SDG Goals – but we cannot despair.

Remarks by Hon Ken Ofori-Atta on the Occasion of the Swearing-in Ceremony of AfDB President

Thank you very much for coming to witness the occasion of the swearing-in the President-Elect, Dr Akinwumi “Akin” Adesina, of the African Development Bank Group. This ceremony is historic in the sense that this is the first time an electronic voting system has been used to elect a President of the Bank, the first time a sitting President seeking re-election has received a unanimous endorsement (obtaining a 100% from both regional and non-regional members of the Bank) and the first time a swearing-in has been telecast. Covid is forcing us to reimagine our future.

Launch of tax Audit & Quality Assurance Unit at GRA

To increase our tax-to-GDP ratio from 13% to 20% to match our peers on the Continent requires challenging the status quo. It requires making tough choices which would force people to leave their comfort zones. It calls for having a Quality Assurance Unit. A Unit that will watch the watchman and protect the taxpayer from abuse by some tax officers in GRA. The current manual system has led to leakages resulting in revenue losses between GHS700 million to GHS1 billion (McKinsey, 2019).

Speech by Hon. Minister on GCX Inauguration

Your Excellency, the President of the Republic of Ghana, Honourable Ministers, Honourable Members of Parliament, Traditional Rulers, Members of the Business Community and our able Farmers, the Media, Invited guests, distinguished Ladies and Gentlemen. Good Morning.   I am very excited to be here with you all for this historic inauguration of the operations of the Ghana Commodity Exchange(GCX). Today, a new market is born, an institution that will contribute immensely to the transformation of our economy, a regulated market that will see agricultural and other commodities take center stage in our endeavor to ensuring irreversible economic growth and development.

2017 Thanksgiving Service – Ministry of Finance

Afehyia Pa to you all. The end of the year is a great time to reflect on what we’ve done over the last eleven months – reviewing our achievements in the light of the vision and new direction set for our country by HE the President and reflecting on those things that didn’t quite go according to plan; but recognising the opportunities to re-assess and re-implement them having in mind all lessons learnt.

Speech by Charles Adu Boahen, Dep. Minister for Finance at the 2018 Capital Market Week at Labadi Beach Hotel - October 25, 2017

It is remarkable to see how the Ghana Securities Industry Association (GSIA) has evolved into such a strong and vibrant organization, with a strong commitment to ensuring the growth of the capital markets, promoting market education, and encouraging good ethical practices among players. I understand that the GSIA is currently responsible for organising this event, taking over from the SEC two years ago. I will commend you all for the great commitment to working together to shape the industry and most importantly to support government policy for the capital market.

Speaking Notes for Media Briefing By Hon. Minister of Finance On The Public Financial Management ACT, ACT 921

The passage of this Act has become necessary to codify the best practices that have emerged with the implementation of major reforms in budgeting and accounting since 2010 under the GIFMIS project. In addition, continuing fiscal challenges which require some structural changes are addressed in this Act. There are also provisions setting out new policy measures regarding borrowing and debt management among others.

Presentation On the New PFM Act by Acting Chief Director

As you know, the Ministry has been implementing major structural reforms in Budgeting, Accounting, Payroll management, Revenue management, Debt management and Auditing over the past five years. We believe that the passage of the law will tie some of the key reforms together and provide a more coherent and overarching framework for the fiscal management of the public sector.
 

Speech by hon. Minister of Finance, Ghana (Seth Terkper) IMF international Seminar for Tax Policy and Administration Topical Trust Fund (tpa-ttf) Beneficiary Countries. Theme: “Managing Tax Administration Reform Programs”

Mr. Chairman, notwithstanding an extremely challenging macroeconomic environment, most Low and Lower Middle Income countries (LLMICs) including Ghana have recorded a robust but gradually declining growth over the past decade. The Ghanaian economy has started a turnaround to continue to remain resilient, and despite recent slowdown, is currently in its thirteenth (13th) consecutive year of expansion It combines  improvements in macroeconomic management and strong capital investments in infrastructure and the energy sector during this period.

In the wake of the COVID-19 pandemic and as part of measures to ensure the safety of all our stakeholders,
you are kindly directed to e-mail your correspondence to the address below:
correspondence@mofep.gov.gh