Press Release

Ghana’s Finance Minister, Mr. Ken Ofori-Atta has indicated that the surest way of attaining UN Agenda 2030 for Sustainable Development was to adopt growth-enhancing policies while containing risk and protecting the vulnerable.

Ghana successfully raised US$3 billion in Eurobonds yesterday. The country’s strong  macroeconomic  performance  over  the  past  two  years  and  bright  future  prospects  were  confirmed  by  the  Capital  Markets  with  an  unprecedented  order-book  in  excess  of  US$21  billion; an oversubscription of more than seven (7) times the largest ever in Africa to-date.

Accra, Wednesday 20th March, 2019 - On Friday, 15th March, Google’s currency converter widget displayed a cedi to dollar rate that was four times the actual value, alongside erroneous market rates of a number of currencies against the Ghanaian Cedi.

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

Ghana regrets the February 13, 2019 decision by the European Commission (EC) to add Ghana to its list of countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

Aker Energy ASA has confirmed a significant offshore resource base in Ghana and has committed to scale up new development in the Deepwater Tano Cape three points block (DWT/CT).

The Government of Ghana under the auspices of the Ministry of Finance and the Bank of Ghana, and in collaboration with the West African Monetary Institute (WAMI), will host the West African Monetary Zone (WAMZ) end year 2018 Statutory Meetings, from Monday, February 4 to Friday, February 8, 2019.

The newly reconstituted Economic Policy and Coordinating Committee (EPCC) has held its maiden meeting on Wednesday, January 16, 2019. The EPCC is a high-level technical committee mandated to provide strategic policy direction for effective coordination and implementation of Government’s economic programme and budget.

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 Sustainable Development Goals and targets cannot thrive on public finance alone as their only source of funding. Strategic collaboration between public and private actors in leveraging financing is needed to achieve the ambitious targets. SDG investments are a new generation of impact and social investment strategies designed to attract private investments towards the SDGs while ensuring financial returns for investors.