Finance Ministry says payment of coupons and principals in respect of the Domestic Debt Exchange Programme (DDEP) will start on March 13, 2023. According to a release issued by the Ministry, this only applies to old bondholders who did not sign up for the DDEP. “Secondly, in fulfillment of the assurance given by Government to […]
Trading activity on the bond market rebounded sharply as total turnover jumped by 453.25% to ¢750.36 million. This is coming following the beginning of trading of new bonds. The new Government of Ghana bonds saw an aggregate traded volume of ¢44.47 million. According to trading activity, the market saw very little activity in the opening […]
The country’s first-ever Independent Tax Appeals Board has been inaugurated, with a call on the members to ensure speedy adjudication, accuracy and fairness in tax dispute resolution and transform the country’s domestic revenue mobilisation efforts. The 11-member board is chaired by Justice Lawrence Mensah, a retired Court of Appeal Judge, with members including the President […]
Some commercial banks in the country have started sending messages to their individual bond holders to subscribe to the government’s Domestic Debt Exchange Programme (DDEP) by close of day Thursday (Jan 12, 2023). One of such messages the Graphic Online accessed read; “In pursuant to the Minister of ‘Finance’s directive on the Domestic Debt Exchange […]
A civil society organisation (CSO) with interest in agriculture and the social sector, SEND Ghana, has called on the government to bring back road tolls to help shore up revenue for development. It explained that reintroducing the road tolls would help generate more revenue for the state and ease the pressure on the economy, since […]
Parliament has approved a $750 million loan agreement to finance capital and growth-related expenditures in the 2022 budget. The facility forms part of the government’s international capital market programme (ICMP) aimed at raising funds to finance critical infrastructure projects in sectors such as roads, energy, railways and health, as captured in the 2022 budget. Proceeds […]
The government expects to mobilise about GH¢6.5 billion from the newly introduced E-Levy next year, the Minister of State at the Ministry of Finance, Mr Charles Adu Boahen, has told Graphic Online. The levy imposes a 1.75 per cent tax on mobile money and other electronic (E) transactions that exceed GH¢100 per customer per day. […]
The Minister for Works and Housing, Francis Asenso-Boakye, has disclosed that the Finance Ministry will allocate funds for the construction of the second phase of the Keta sea defence wall. The announcement comes a day after tidal waves ravaged homes of residents in Anloga and Keta. According to Mr Asenso-Boakye, the completion of works under […]
The Ghana Immigration Service (GIS) has asked all applicants who were selected when they submitted their online application, but were yet to receive an SMS for the second phase of the recruitment exercise, to report at their various regional screening centres. The second phase of the exercise began Monday (October 25, 2021) at the designated […]
The Minister of Finance, Mr Ken Ofori-Atta is still at post, the Ministry has clarified in a press statement. The statement dated Tuesday, October 5, 2021 issued by the Public Affairs Directorate of the Ministry of Finance follows reports on social media that Mr Ofori-Atta has resigned from his position. It said Mr Ofori-Atta is […]
A Deputy Minister designate for Finance, Dr John Kumah, has said there is need for the tax exemptions regime to be made more effective in the country. He said although tax waivers was one of the strategic tools to attract investments into the country, in all cases, they constituted loss of government revenues and must, […]
Former Chief Executive Officer of the National Entrepreneurship and Innovation Programme [NEIP], John Kumah says upon hearing the news of his nomination as Deputy Minister-designate for Finance he was overwhelmed because he thought of himself as the least among many. According to him, the news caught him off guard not because he sees himself as […]
