Ghana’s Finance Minister, Ken Ofori-Atta has stated that staff of Ministry have the technical competence to turn the fortunes of the country’s economy around.
Ghana has not been Down-Graded as a Low Income Country
We wish to state that Ghana continues to be categorised as a “Lower-Middle Income Economy” based on the widely-recognised classification of the World Bank and the UN.
Ministry of Finance Welcomes Hon. Ken Ofori-Atta ‘Back Home’
Management of the Ministry of Finance led by its Chief Director, Mr. Patrick Nomo, today welcomed Hon. Ken Ofori-Atta, Minister for Finance to the premises of the Ministry, to officially begin his second tenure as the Finance Minister.
Global Investors Demonstrate Strong support for Ghana’s Fiscal Plans and Revitalization Strategy
Ghana returned to the International Debt Capital Markets as the first Sub-Saharan African Sovereign to issue in USD since the onset of the Covid-19 pandemic, achieving a record size in excess of US$3 billion and enhancing its market access through the use of a 4-year Zero-Coupon.
2021-2024 Medium-Term Debt Management Strategy (MTDS)
The 2021 and medium Term Outlook points to a strong recovery from the effect of the COVID-19 pandemic. The increased in Government deficit in 2020 is expected to be temporary and therefore the medium term would consolidate to the Fiscal Responsibility threshold of less than 5% of GDP by end of 2024.
2020 End Year Public Debt Statistical Bulletin
This annual debt bulletin is published in fulfilment of the requirements of Section 71 of the Public Financial Management Act, 2016 (Act 921), which mandates the Public Debt Office to publish, at least half-yearly, statistics on the public debt.