News & Events

Accra, Tuesday, 8th January, 2019 …... In line with the vision to create a more responsive and efficient Ministry of Finance which will deliver more effectively on its core mandate of public financial management, the Ministry of Finance has been reorganized, and new appointments have been made.

Government has worked with an Advisor and selected Pension Funds to structure a Special Purpose Vehicle (SPV): the Ghana Amalgamated Trust (GAT) to support solvent and well-run indigenous banks, which were otherwise having difficulties meeting the new minimum capital requirement deadline, to meet their obligations.

The President, in exercise of his constitutional powers (Article 58), a week ago, on 28th December, 2018 (Ghana Gazette No. 173), established two major Councils that will offer independent advice on fiscal responsibility and ensure the stability of the entire financial system (across all the sub-sectors, from banking through pensions & fund/asset management to insurance etc) respectively.

The aim of the MTDS is to support Government’s strategy in implementing the 2019 budget and over the medium term by ensuring that the government’s financial requirement and payment obligations are met at the lowest cost with prudent degree of risk in line with Medium Fiscal Framework.

Book-build opens 9:00 AM, Wednesday January 2, 2019. Revised Pricing Guidance (released as necessary during the Book-build). Revised and Final Pricing Guidance (released as necessary during the Book-build). Books are expected to close around 2:30 PM on Thursday, January 3, 2019.

The calendar is developed based on the 2019 Net Domestic Financing as stipulated in the 2019 Budget and Economic Policy of Government, domestic debt maturities and the Medium Term Debt Management Strategy (MTDS) for 2019-2022. The calendar shows the securities that are intended to be issued for the period January to March, 2019.