The Ministry of Finance has transferred GH¢350 million from the Contingency Fund to the National Disaster Management Committee to support emergency relief and flood mitigation efforts following the recent devastating floods that affected parts of the country. The release of the funds follows a directive by President John Dramani Mahama to Finance Minister Dr Cassiel […]
Finance Minister Dr Cassiel Ato Forson has signalled a tougher stance on mining lease renewals, warning that the government may no longer view favourably situations where companies secure lease extensions only to sell the assets shortly afterwards. Speaking in an interview with Bloomberg, Dr Forson said recent developments in the mining sector had raised important […]
The visiting team from the International Monetary Fund (IMF) has concluded its sixth review mission in Ghana after weeks of engagements with government officials and key stakeholders in Accra. Sources close to the discussions say Ghana made significant progress on several key programme targets and reforms under the IMF-supported Extended Credit Facility (ECF) programme. However, […]
President John Dramani Mahama has directed the Ministry of Finance to release GH¢1 billion to pay contractors who have been owed by the state since 2017, with the disbursement expected to be completed before Christmas. The President made the announcement on Sunday, December 21, at the sod-cutting ceremony for the Sunyani–Atronie–Acherensua Road Project in the […]
President John Dramani Mahama has directed the Minister of Finance to establish GH¢1 billion Bawku Revitalisation Fund. This follows the insecurity over the years, which has severely constrained public and private investment and stalled critical infrastructure development in the area. The Fund, which, shall be disbursed over a three-year period between 2026 and 2028, will be […]
The Executive Board of the International Monetary Fund (IMF) is expected to meet today, December 17, 2025, to consider Ghana’s Fifth Programme Review under the IMF-supported programme. JoyBusiness understands that Ghana secured the board date following a staff-level agreement reached in October 2025, as well as significant progress made on key benchmarks and targets under the […]
Finance Minister Dr Ato Forson is set to announce a reduction in the effective VAT rate to be paid by businesses from next year. This will be captured in the 2026 Budget, which will be presented to Parliament later today. The Finance Minister is also expected to announce a major review of the country’s tax […]
The government has approved a 9 per cent salary increase for all public sector workers under the Single Spine Salary Structure (SSSS) for the 2026 fiscal year. Additionally, the National Tripartite Committee has agreed to a 9 per cent upward adjustment in the national daily minimum wage, moving it from GH₵19.97 to GH₵21.77. The new […]
Government has pumped GH¢9.7 billion into the economy in its latest coupon payment under the Domestic Debt Exchange Programme (DDEP). The Finance Ministry, in a statement, confirmed that the sum of GH¢9,698,815,220.17 was disbursed on Tuesday, bringing the total payout under the programme this year alone to a jaw-dropping GH¢19.4 billion. Officials say the move […]
The government is set to introduce a new policy that will require state institutions to purchase selected goods—including rice and sugar—exclusively from local producers, unless they obtain special approval from the Office of the President. The Minister of Finance, Dr Cassiel Ato Forson, announced the measure during a meeting with the leadership of the Association […]
Naomi Wolali Kwetey has been nominated as the new acting Managing Director of the Consolidated Bank of Ghana Ltd (CBG). Her nomination by President John Dramani Mahama for the topmost position of the CBG commercial bank was made known in a letter dated March 26, 2025, signed by the Minister of Finance, Dr Cassiel Ato Forson […]
Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year. Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector. […]
