Press Release

As part of the feedback from the presentation, the Ministry has noted with concern that the overall fiscal balance (the budget deficit) as a percentage of GDP is being misrepresented.

The Minister for Finance, Ken Ofori-Atta will, on behalf of the President lay before Parliament, the 2022 Budget Statement and Economic Policy of Government on Wednesday, 17th November, 2021.

Ghana initiated its 2021 International Capital Market Programme for the issuance of sovereign bonds in the last quarter of 2020. Subsequently, Parliament on 10th November 2020, granted Government approval to issue bonds amounting to US$3.00 billion, of which proceeds of up to US$1.5 billion was to be applied to support the 2021 budget and growth expenditures.

The attention of the Ministry of Finance has been drawn to rumours circulating on social media platforms that the Minister for Finance, Ken Ofori-Atta has resigned from his position.

Two Credit Rating Agencies - Moody's Investor Services ("Moody's") and Standard and Poor ("S & P") affirmed Ghana's Credit Rating at B3 and B- respectively. The Rating Agencies also maintained Ghana's outlook.

Ghana has received the equivalent of US$1 billion from the International Monetary Fund (IMF), being its share of the new Special Drawing Rights (SDRs) allocation to boost the post-COVID economic recovery of member countries.

Accra, 19th August, 2021 - The Ministry has noted with concern, speculations in the media, based on allegations by the Minority in Parliament that government had already spent GH￠636 million on the Agenda 1 1 1 even before the sod cutting of the project.

ln accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921) the Minister for Finance is expected to present the Mid-year Review to Parliament not later than 31st July of each financial year. This year's presentation to Parliament will take place on Thursday 29th July, 2021.

The attention of government has been drawn to media publications and agitations within the public domain in respect of this Ministry’s letter dated 12th July, 2021 on the payment of fifteen percent (15%) interim premium to staff of the Civil and Local Government Services (CLOGSAG).

The Government of Ghana and the International Finance Corporation (IFC), a member of the World Bank Group will hold a two-day retreat to strategize on how to align IFC’s medium term strategy to the priority areas outlined in the Ghc 100 billion Obaatanpa Programme.