News & Events

On March 20, 2019, the Executive Board of the International Monetary Fund (IMF) completed the seventh and eight reviews under the Extended Credit Facility (ECF)1 supported arrangement. This will make available to Ghana the cumulative amount of SDR132.84 million (about US$185.2 million).

Ghana successfully raised US$3 billion in Eurobonds yesterday. The country’s strong  macroeconomic  performance  over  the  past  two  years  and  bright  future  prospects  were  confirmed  by  the  Capital  Markets  with  an  unprecedented  order-book  in  excess  of  US$21  billion; an oversubscription of more than seven (7) times the largest ever in Africa to-date.

Accra, Wednesday 20th March, 2019 - On Friday, 15th March, Google’s currency converter widget displayed a cedi to dollar rate that was four times the actual value, alongside erroneous market rates of a number of currencies against the Ghanaian Cedi.

A handbook that spells out the Ministry of Finance’s Employee Wellbeing policy on communicable and non-communicable diseases including HIV and AIDS, hypertension, cancers and malaria has been launched by the Hon. Deputy Minister of Finance, in charge of Revenue Mr. Kwaku Kwarteng at the Ministry of Finance during the Ministry’s first staff durbar of the year.

The Ministry of Finance is committed to ensuring transparency, accountability and predictability of Government’s borrowing operations. Consistent with this commitment, we prepared and published the 2019 Medium Term Debt Strategy (MTDS), during the 2018 fiscal year.

Following the passage of the Appropriation Act, 2017, (Act 951) by Parliament, the Ministry has issued this Budget Implementation Instructions in accordance with the PFM Act 921, to guide all Ministers (Principal Account holders) and Chief Directors (Principal spending officers) in the implementation of the 2019 Budget.