News & Events

The newly sworn-in Governing Board for the Consolidated Bank Ghana (CBG) has been urged to propose strategies to promote Small and Medium Enterprises (SME) lending and digital banking services for the benefit of the unserved and underserved in the financial sector.

Hon John Ampontuah Kumah, a Deputy Minister for Finance has urged the Agricultural Development Bank (ADB) to collaborate with the soon to be established Development Bank Ghana (DBG) to grant medium and long-term financial assistance to industries to bridge the existing gap between commercial banking and Ghana’s developmental agenda.

The newly inaugurated Board of the National Lottery Authority has been charged to ensure revenue leakages in the system are blocked and revenue generation improved, deal decisively with the activities of illegal operators, and improve human capital development to be operationally efficient

The Government through the Ghana Extractive Industry Transparency Initiative (GHEITI) and its partners, have launched Ghana’s Opening Extractive Programme (OEP) to among other things advance the beneficial ownership transparency programme in the country.

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.

As with previous versions, the 2019 State Ownership Report provides a more in-depth analysis of the financial performance, key issues and policy measures being implemented to improve performance and governance of particularly SOEs, OSEs, and majority-owned JVCs.