News & Events

Accra, Friday, 28th July, 2023... In accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2023 Financial Year, is expected to be presented to Parliament on Monday, 31st July, 2023.

The Minister for Finance, Ken Ofori-Atta has called on the World Bank to be more responsive to the global crises to avert the erosion of gains made in economic growth, poverty reduction, and human development and also increase concessional financing.

The Government of the Republic of Ghana (the "Government” or “we”) announced today that it is inviting (the “Invitation”) Eligible Holders (as defined below) to exchange approximately US$809 million of its U.S.$-denominated domestic notes and bonds specified in Table A (the “Eligible Bonds”) for a package of new bonds (as further described below, the “New Bonds”) to be issued by the Republic.

The Government of Ghana and the Coalition of Individual Bondholders Groups (CIBG), comprising members of the Individual Bondholders’ Forum (IBF) and the Individual Bondholders’ Association of Ghana (IBHAG), on 16th May, 2023, reached agreement regarding the government’s outstanding domestic debt service obligations. This agreement was captured in a Memorandum of Understanding (MOU) dated 16th May, 2023.

On Wednesday, 17th November 2021, we presented the Budget Statement and Economic Policy of the Government of Ghana for the 2022 Financial Year to Parliament. The core focus was to sustain the recovery efforts from the impact of the COVID-19 pandemic and other global shocks and get us back quickly to a path of sustainable growth and debt.

Ghana’s Finance Minister, Hon. Ken Ofori-Atta has on behalf of Government and the good people of Ghana, donated eleven (11) Twenty-Footer Containers of ready to eat cocoa products as emergency relief items to the people of Turkey.