Mr. Speaker, on the authority of His Excellency the President, and in keeping with the requirement of Article 179 of the 1992 Constitution of the Republic of Ghana, and Section 21(3) of the PFM Act 2016 (ACT 921), may I respectfully present the Budget Statement and Economic Policies of Government for 2020 to this Honourable House.
Ministry of Finance Engages Social Partners on the 2020 Budget
Hon. Ken Ofori-Atta has welcomed a number of inputs from the Organized Labour for consideration into the 2020 budget presentation.
Switzerland supports Ghana’s District Assemblies with 18 Million Swiss Francs
The Government of Ghana, represented by the Minister for Finance has signed an 18 million Swiss Francs grant facility with the Government of Switzerland to support Ghana’s efforts to fight poverty and decentralization.
Government Signs Agreement with Banks to Collect Internally Generated Funds (IGF)
Government has signed an agreement with approved commercial banks to collect internally generated funds on behalf government ministries, departments and agencies as well as Metropolitan, Municipal and District Assemblies (MMDAs) and Government Hospitals.
Take action to diffuse Global Tension and Trade Protectionism – Ken Ofori Atta to IMF and World Bank
Ken Ofori Atta, Minister for Finance has called on the Breton Woods institutions to take measures to diffuse uncertainties associated with the current world geopolitical tensions and trade protectionism to protect gains in economic reforms across Sub-Sahara Africa and ensure the African Continental Free Trade Area (AfCTA) is successful.
Increase IDA Funding to USD100b – Ken Ofori Atta to IMF and World Bank Development Committee
Ken Ofori Atta, Minister for Finance, has called on the Bretton Woods Institutions to increase their next round of funding (IDA19) to a USD 100 billion on to provide adequate funding to address current world economic challenges.
Ghana signs USD 70m to loan agreement to establish Graduate Centres of Excellence and for the construction of 44 Primary Schools.
Ghana has signed two loan agreements worth over USD 70 million to improve quality post graduate education and build educational infrastructure in the country.
Innovative and Targeted Finance urgently needed for Education Sector Globally
Ghana and officials of the Global Partnership for Education (GPE) met on the side-lines of the 2019 IMF World Bank Annual Meetings to discuss innovative ways to raise funding to urgently finance education.
Ministry of Finance Holds Breakfast Meeting with Financial Institutions
As part of the series of engagements with stakeholders to solicit views for consideration into the 2020 Annual budget, the Ministry of Finance held a breakfast meeting with a number of Financial Institutions.
IMF Article IV Consultations with the Government of Ghana
An International Monetary Fund (IMF) Mission is visiting Ghana from Monday, 30th September - Friday 11th October, 2019, to engage in Article IV Consultations as part of the Fund's mandatory multilateral surveillance for all IMF-member countries. This will be the first Article IV Consultants since Ghana successfully concluded the 4-year IMF-supported Extended Credit Facility (ECP) Programme in April, 2019.