News & Events

Right Honourable Speaker, on the authority of His Excellency, President Nana Addo Dankwa Akufo-Addo, I beg to move that Honourable Members of this august House approve the Mid-Year Review of the Budget Statement and Economic Policy of the Government of Ghana and a Supplementary Estimate for the 2020 Financial Year, I present today, 23rd July 2020.

The Calendar is developed based on the Net Domestic Financing provided in the 2020 Budget, the domestic maturities, the 2020 Annual Borrowing & Recovery Plan (ABRP) and the Medium Term Debt Management Strategy (MTDS) for 2020-2023. The Calendar shows the securities that are intended to be issued in respect of Government’s Public Sector Borrowing Requirements for the period June to August, 2020.

This Report helps to shed light on and deepen our understanding of the factors behind the performance of state-owned enterprises (SOEs), other state entities (OSEs), and joint venture companies (JVCs). Not only would the insights gained strengthen partnerships between the state and the private sector, but it will also inform on-going interventions and shape key sector decisions relating to the management of the State’s interests in SOEs, OSEs and JVCs.

The unprecedented COVID-19 pandemic is posing significant challenges to the fiscal operations of Government and more generally on the implementation of the 2020 Budget through shortfalls in revenues, additional emergency spending, and tight financing conditions.

Ghana regrets 7th May, 2020 publication by the European Commission (EC) proposing to the European Union Parliament to add Ghana to its list of high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes on 1st October, 2020.

The Ministry of Finance has launched three policy initiatives designed to deepen financial inclusion and accelerate the shift to digital payments. As part of the launch, the Ministry presented the government’s vision of building a highly digitized payment system that accelerates economic development and drives inclusive growth.