Press Release

The Ministry of Finance and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme. A key prerequisite for a programme is confirmation that Ghana’s debt is on a sustainable path

On 5th August 2022, Standard and Poor’s ("S&P") Global Ratings downgraded Ghana’s foreign and local currency credit ratings from 'B-/B' To 'CCC+/C' with a negative outlook. According to S&P, the downgrade is due to intensifying financing and external pressures on the economy.

A delegation from the International Monetary Fund (IMF or the Fund), on Wednesday 13th July, 2022, concluded a one-week working visit to Accra. During the visit, the IMF delegation held high level meetings with stakeholders and ...

Subsequent to the directive by the President of the Republic of Ghana, His Excellency Nana Addo Dankwa Akufo-Addo, the Ministry of Finance, hereby announces the commencement of engagement...

According to the GSS, real GDP expanded by 7.0 percent in the fourth quarter of 2021 compared to the 4.3 percent growth recorded in the corresponding period of 2020. Similarly, non-oil real GDP in the fourth quarter of 2021 expanded by 7.6 percent compared to 5.7 percent for the same period in 2020.

If we look at the world today, there are two clear forces shaping global events: the impact of the novel coronavirus pandemic and the crisis in Ukraine. With the virus, the records show that our decision to focus first on protecting lives and then livelihoods has paid off.

Reference is made to a publication by S&P Ratings from their New York Office, on 4th February 2022 that the Rating Agency has affirmed Ghana’s Long and short-term foreign and local currency ratings at B- and maintained the outlook at Stable

Reference is made to a publication by Moody’s Ratings, on 4th February 2022, that the Rating Agency has downgraded Ghana’s Long-Term Issuer and Senior unsecured bond Ratings to Caa1 from B3 and changed the outlook from negative to stable.

Ghana has been removed from the European Union’s (EU) list of high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes. This was after Ghana had strengthened the effectiveness of its AML/CFT regime by addressing related technical deficiencies including strengthening.........

On Thursday, 13th January 2022, the attention of the Ministry was drawn to a widely circulated Bloomberg article captioned – “Ghana Debt Moves Deeper into Distress as Investors lose Patience”. There are some serious factual errors in the article, which may give investors some cause for concern, if not corrected.