Your leadership essential in sustaining Ghana’s reform effort – IMF welcomes Amin Adams

The International Monetary Fund (IMF) has expressed its commitment to support Ghana’s newly appointed Minister of Finance,  Mohammed Amin Adam, in executing reforms aimed at rehabilitating the nation’s economy.  Ghana has been under an IMF bailout programme since May 2023. In a congratulatory letter to the Finance Minister, the Executive Director of the IMF, Kristalina […]

Pensioner Bonds: Government promises to clear all 5 outstanding coupons immediately

The Government has through the Ministry of Finance promised to immediately clear all five outstanding coupons owed pensioner bondholders. Government has also agreed to pay all outstanding principals in two weeks. The decisions follow a meeting Friday between officials of the Ministry of Finance and leadership of the Pensioner Bondholders’ Forum. The parties have scheduled […]

First-ever tax appeals board constituted

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 […]

Sign up or lose your investments – Banks push individual bond holders to sign on to debt exchange programme

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 […]

Parliament approves $750m loan agreement

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 […]