President Nana Addo Dankwa Akufo-Addo has reassigned the Deputy Minister of Trade and Industry and Member of Parliament for Nhyiaeso, Stephen Amoah, as a Deputy Minister of Finance to replace John Kumah, who passed away on March 7, 2024. Mr. Amoah, until his re-designation, was the Deputy Minister of Trade and Industry. The re-shuffle was […]
The Minister of Finance, Dr Mohammed Amin Adam, has charged the Customs Division of the Ghana Revenue Authority (GRA) to put in more efforts to reduce revenue leakages at the entry points. He stated that notwithstanding the successes chalked up by the Customs Division, with the Tema Collection alone mobilising 95.03 per cent of its […]
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 […]
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 […]
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 […]
