News & Events

Ghana returned to the International Debt Capital Markets as the first Sub-Saharan African Sovereign to issue in USD since the onset of the Covid-19 pandemic, achieving a record size in excess of US$3 billion and enhancing its market access through the use of a 4-year Zero-Coupon.

The 2021 and medium Term Outlook points to a strong recovery from the effect of the COVID-19 pandemic. The increased in Government deficit in 2020 is expected to be temporary and therefore the medium term would consolidate to the Fiscal Responsibility threshold of less than 5% of GDP by end of 2024.

This annual debt bulletin is published in fulfilment of the requirements of Section 71 of the Public Financial Management Act, 2016 (Act 921), which mandates the Public Debt Office to publish, at least half-yearly, statistics on the public debt.

The Ministry’s attention has been drawn to media publications, claiming that Government spent GH¢1.7 billion on the Covid-19 pandemic, even though Government says its spent GH¢19 billion.

On the authority of H.E. the President, and in accordance with Articles 179 and 180 of the 1992 Constitution, permit me to present to this august House, the Budget of the President of the Republic of Ghana.

In accordance with Article 179 of the 1992 Constitution and Section 21 (3) of the Public Financial Management Act, 2016, (Act 921), Minister for Parliamentary Affairs will, on behalf of the President lay before Parliament, the 2021 Budget Statement and Economic Policy of Government on Friday, 12th March, 2021.