Friday, February 20

Tag: Finance Minister

Government Pays GH¢10 Billion DDEP Interest, Boosts Investor Confidence
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Business

Government Pays GH¢10 Billion DDEP Interest, Boosts Investor Confidence

The Government of Ghana has paid GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), signalling continued commitment to fiscal stability and debt restructuring efforts. Announced in Accra on Wednesday, 18 February 2026, the payment represents the sixth coupon settlement under the programme and marks the second full cash payment made without any Payment-In-Kind component. Officials say this reflects improved fiscal strength and growing solvency. The settlement covers coupon obligations on cedi-denominated domestic debt instruments in line with the restructuring memorandum and the government’s broader debt management and fiscal consolidation strategy. Economists note that the timely payment sends a positive signal to both domestic and internation...
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Government of Ghana Settles US$709 Million Eurobond Obligation Ahead of Schedule
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Business

Government of Ghana Settles US$709 Million Eurobond Obligation Ahead of Schedule

The Government of Ghana has successfully settled a US$709 million Eurobond obligation, making the payment on 30 December 2025 ahead of its due date, in a move seen as a major boost to the country’s economic recovery and debt management efforts.According to the Ministry of Finance, the latest payment brings Ghana’s total Eurobond payments for 2025 to US$1.4 billion under the ongoing debt restructuring memorandum. The amount comprises three separate payments of US$349.52 million, US$349.52 million, and US$709 million made to Eurobond holders within the year.The timely settlement, the Ministry noted, reaffirms Ghana’s credibility as a sovereign borrower and demonstrates government’s commitment to restoring investor confidence through transparent, predictable, and disciplined debt-service prac...
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NCCE’s post-election peace campaign reaches 5.3 million Ghanaians – Dr Ato Forson
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News

NCCE’s post-election peace campaign reaches 5.3 million Ghanaians – Dr Ato Forson

Dr Cassiel Ato Forson, the Minister of Finance, has revealed that the National Commission for Civic Education (NCCE) has made significant strides in promoting national unity and peaceful coexistence following the 2024 general elections. He said the Commission carried out more than 51,000 civic education activities, directly reaching 5.3 million citizens across the country. Presenting the 2026 Budget Statement to Parliament on Thursday, November 13, Dr Forson explained that the activities were part of a nationwide effort to strengthen social cohesion, prevent violence, and foster dialogue in communities that experienced or were prone to post-election tensions. He noted that, in addition to the nationwide engagements, the NCCE sensitised close to 20,000 citizens on peacebuilding, eq...
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Gov’t allocates GH¢40 million to Creative Arts and Film funds — Finance Minister
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Tourism

Gov’t allocates GH¢40 million to Creative Arts and Film funds — Finance Minister

Government has allocated GH¢40 million as seed money to establish the Creative Arts and Film Fund to boost investment and sustainability within Ghana’s arts, culture, and entertainment industries. Dr. Cassiel Ato Forson, Minister of Finance, announced this when he presented the 2026 Budget Statement and Economic Policy of the government to Parliament on the theme: “Resetting for Growth, Jobs and Economic Transformation.” He said, “Government has also allocated an amount of GH¢20 million to the Creative Arts Fund as seed money for the arts, music, fashion, food, and other creative sectors,” Dr. Forson stated. “Similarly, GH¢20 million has been allocated to the Film Fund to revive the film industry such as Kumawood and other film associations.” He said the government recognised t...
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Government Increases Cocoa Producer Price to GHS3,625 Per Bag for 2025/26 Season
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Business

Government Increases Cocoa Producer Price to GHS3,625 Per Bag for 2025/26 Season

The Government of Ghana has announced an upward adjustment in the producer price of cocoa for the 2025/2026 crop season, offering relief to farmers across the country. Following consultations with stakeholders, the Producer Price Review Committee (PPRC), chaired by the Minister for Finance, Dr. Cassiel Ato Forson, has increased the price from the previously announced GHS3,228.75 per bag to GHS3,625 per bag, equivalent to GHS58,000 per tonne. This new price represents an increment of about GHS400 per bag, translating into a 12.27 percent rise compared to the earlier figure announced on August 4, 2025. The new producer price will take effect from Friday, October 3, 2025. Dr. Forson assured that while margins, fees, and rates to other stakeholders remain unchanged, government remains...
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Government Settles GH¢9.7 Billion Coupon Under Domestic Debt Exchange Programme
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Business

Government Settles GH¢9.7 Billion Coupon Under Domestic Debt Exchange Programme

The Ministry of Finance has confirmed the successful settlement of a coupon payment worth GH¢9.7 billion under the Domestic Debt Exchange Programme (DDEP). According to the Ministry, the total payment made on Tuesday, August 19, 2025, amounted to GH¢9,698,815,220.17, pushing cumulative disbursements under the DDEP for this year alone to approximately GH¢19.4 billion. Officials say the move highlights government’s determination to honour commitments made under the Memorandum of Understanding governing the DDEP, a policy designed to restructure the country’s domestic debt. “This payment demonstrates government’s unwavering commitment to meeting its obligations under the programme,” the Ministry stated, adding that the action is expected to boost investor confidence and reinforce fis...
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Finance Ministry Invites Public Contributions to 2026–2029 National Budget
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Business

Finance Ministry Invites Public Contributions to 2026–2029 National Budget

The Ministry of Finance (MoF) has called on the general public, business associations, professional bodies, financial institutions, civil society organizations, and faith-based groups to submit proposals for consideration in the preparation of the 2026–2029 Budget Statement and Economic Policy. In a statement issued in Accra, the Ministry expressed appreciation for the valuable contributions stakeholders have made to past national budgets and reiterated its commitment to ensuring broad citizen participation in the budget process. The Ministry announced that preparations for the 2026–2029 budget are already underway, ahead of its presentation to Parliament by November 15, 2025. The call for input, it said, aligns with government’s goal of developing inclusive policies that respond to ...
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Economic Expert Hails Government Over Positive 2025 Mid-Year Budget Review
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Business

Economic Expert Hails Government Over Positive 2025 Mid-Year Budget Review

Mr. Anthony Dagadu, an Economic Expert in the Volta Region, has commended the government for what he described as a positive and impactful 2025 Mid-Year Budget Review, highlighting its potential to drive economic growth and development. He said the review was an important step in assessing the government’s fiscal performance and making necessary adjustments to strengthen the economy. In an interview with the Ghana News Agency, Mr. Dagadu stated that public sentiment was largely optimistic, with expectations that the review had addressed key economic challenges and provided a clear direction for the second half of the year. “The review clearly outlined strategies to stimulate economic activity and improve public services. It was communicated in a way that was understandable to ordi...
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Ghana Pays US$349.52 Million Eurobond Debt, Completes 2025 Obligations
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Ghana Pays US$349.52 Million Eurobond Debt, Completes 2025 Obligations

The Government of Ghana has successfully completed its scheduled Eurobond debt service obligations for the year 2025, with a final payment of US$349.52 million made today through the Bank of Ghana. This was announced in an official statement from the Ministry of Finance, confirming that a total of US$349,523,674.56 was paid on Thursday, July 3, 2025, as part of Ghana’s ongoing commitment to its post-restructuring debt obligations. The latest payment brings Ghana’s cumulative Eurobond debt service since the country’s debt restructuring in October 2024 to US$1.174 billion, broken down as follows: October 2024: US$475.60 million – Initial payment following the restructuring agreement. January 2025: US$349.52 million. July 2025: US$349.52 million. With these payments, the g...
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Put differences aside in finding solutions to economic challenges – Finance Minister
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Business

Put differences aside in finding solutions to economic challenges – Finance Minister

Ghanaians have been urged to put their differences aside in finding solutions to the country's current economic challenges. Dr Cassiel Ato Forson, the Minister of Finance, who made the call, said there was the need to forge ahead, as a people, and put together a policy to guide efforts in tackling the economic woes. Speaking during the National Economic Dialogue on Monday in Accra to help address the challenges, Dr Forson said since no one person was a repository of knowledge, it was incumbent on all Ghanaians to support to change the situation. He said the dialogue, similar to the one held 10 years ago at Senchi in the Eastern Region, was to reflect on the economic challenges, address them and plan for the future. It would use dialogue, among other things, to reset the economy...
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