The Ministry of Finance has released GH¢ 5 billion to the Receiver of the defunct Savings and Loans and Microfinance Companies, as well as the Official Liquidator of the Micro Credit companies through Consolidated Bank Ghana (CBG), in a combination of cash and bonds to fully settle all validated claims due depositors of failed Specialised Deposit-Taking Institutions (SDIs).
Government Completes Payments of all BDCS Legacy Debts
Accra, Wednesday 19th February, 2020. Reference is made to a press release by the Chamber of Bulk Oil Distributors (CBOD) on the 10th February, 2020 announcing the final settlement in full of all legacy debts due the BDCs and Banks from the period July 2011 – June 2015 plus interest up until 31st March, 2018.
International Capital Markets Reaffirm Confidence in Ghana, as Bond Issuance Results in order book 5 times Required Amount
On Tuesday, Ghana became the first ever country on the African continent to issue a 41-year bond, as the West African country successfully raised US$3 billion in the international debt capital markets.
Moody's Changes Ghana's Outlook from Stable to Positive, Affirms B3 Rating
Reference is made to a publication by Moody’s from their New York Office, on 24th January, 2020 that the Rating Agency had affirmed Ghana's long-term issuer and senior unsecured bond ratings at B3 and changed the outlook from stable to POSITIVE.
2019 Accra Sustainable Development Goals Fair Opens Tomorrow
The Ministry of Finance in partnership with the Sustainable Development Goals (SDGs) Advisory Unit at the Presidency, the Planning Ministry and the Ghana Investment Promotions Centre will from Wednesday, 27th November to Thursday, 28th November, 2019 host the 2019 Accra SDGs Investment Fair.
Minister for Finance to present 2020 Annual Budget to Parliament
In accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921) the Minister for Finance will, on behalf of the President, lay before Parliament the 2020 Budget Statement and Economic Policy of Government on Wednesday, 13th November, 2019.
Hon Ken Ofori-Atta tells CITI’s Bernard Avle: “He’s upbeat about Ghana’s future, the Energy Sector reforms are on Course and the PDS Saga over”
In a wide-ranging interview on CITI News last night, the first granted by the Finance Minister since the decision of the Government of Ghana to terminate the PDS concession, Hon. Ofori-Atta told Mr. Avle that Government is methodically addressing the challenges in Ghana’s energy sector, inherited from the “Dumsor” era.
Over 2 Million Children to Benefit from Improved Quality Education in Ghana
The World Bank Board of Directors approved today $150 million in financing to support the Government of Ghana to improve the quality of education for over two million children in low performing basic education schools, and to strengthen Ghana’s education system.
Minister for Finance Inaugurates Energy Sector Recovery Programme Steering Committee
Ken Ofori-Atta, Minister for Finance, on Monday inaugurated a government-led Energy Sector Recovery Programme Steering Committee, comprising of members across various sectors and ministries.
Ken Ofori Atta is the new Chair of the G-24 Ministers and Governors Committee
Ken Ofori Atta, Ghana’s Finance Minister is now the new Chair of the G-24 Group of the IMF and the World Bank. He was previously the 1st vice-Chair and he took over from Julio Velarde, Governor of the Central Bank of Peru.