News & Events

Hon. Ken Ofori-Atta, Minister for Finance has launched the Public Investment Management System (PIMS) at a ceremony at Alisa Hotel.The PIMS will run as a database for all public infrastructure projects, irrespective of their funding sources. It will transmit prioritized coded projects through the Public Investment Plan (PIP), the budget module and implemented in GIFMIS financial.

We refer to a publication in the Ghanaian Times on Monday 8th October, 2018 with regard to the use of petroleum revenues, specifically the Annual Budget Funding Amount (ABFA). In a statement attributed to the Coordinator of the Public Interest and Accountability Committee (PIAC) the Ghanaian Times asserts that the Ministry of Finance could not account for GH¢403.7 million of ABFA funds.

The calendar is developed based on the 2018 Net Domestic Financing as stipulated in the 2018 Budget and Economic policy of Government, domestic debt maturities and Medium Term Debt Management Strategy (MTDS) for 2018-2021.

The medium to long-term outlook is indeed positive. As we resolve to grow this country beyond aid, it is important that our State Owned Enterprises (SOEs) are run efficiently so they can positively contribute to the nation’s economic transformation agenda. Like all business enterprises, SOEs are affected by prevailing economic conditions.

Standard and Poor’s (S&P) at the end of their recent assessment of the country, has upgraded Ghana to B with a stable outlook from B- with a negative outlook, thus, Ghana has achieved a credit upgrade for the first time in almost a decade.

The Hon. Minister for Finance, Ken Ofori-Atta on Thursday, August 30, 2018, hosted the German Federal Minister for Development and Corporation, Dr. Gerd Müller, at the Ministry of Finance (MoF). The visit of the German Federal Minister is part of the state visit by German Chancellor.