Thursday, April 16

Tag: Finance Minister

Ministry of Finance Launches PFM Compliance League Table to Boost Accountability
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Ministry of Finance Launches PFM Compliance League Table to Boost Accountability

The Ministry of Finance has introduced a Public Financial Management (PFM) Compliance League Table as part of efforts to strengthen transparency, fiscal discipline, and accountability in the management of public resources. The initiative, described as a landmark step, fulfills the government’s commitment outlined in the 2025 Budget Statement to publish an objective and evidence-based assessment of how public institutions comply with the Public Financial Management Act, 2016 (Act 921), its regulations, and related laws. According to the Ministry, the League Table serves as a performance benchmarking tool that measures how well public institutions adhere to established rules and procedures governing the use of public funds. By ranking institutions based on their compliance levels, t...
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Finance Minister Bans Land Transit of Selected Goods to Protect Government Revenue
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Finance Minister Bans Land Transit of Selected Goods to Protect Government Revenue

The Minister for Finance, Cassiel Ato Forson, has directed the Ghana Revenue Authority (GRA) to immediately implement new measures aimed at tightening border controls and safeguarding government revenue. The directive was issued following a high-level meeting between the minister, the Acting Commissioner of Customs, Mr. Aaron Akanor, and the management of the Customs Division of the GRA to review recent developments at Ghana’s borders. As part of the measures, the Finance Minister has ordered an immediate ban on the land transit of selected goods, directing that the affected products must be routed exclusively through Ghana’s seaports. Under the new directive, the listed goods will no longer be allowed to enter or transit through the country via land borders. The products affected...
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Ghana Signs Debt Restructuring Agreement with Belgium, Marks Eighth OCC Deal
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Ghana Signs Debt Restructuring Agreement with Belgium, Marks Eighth OCC Deal

Ghana has signed a new debt restructuring agreement with the Kingdom of Belgium, marking a significant milestone in the country’s ongoing external debt recovery programme.In a statement issued after the signing ceremony, Finance Minister Cassiel Ato Forson said the agreement forms part of Ghana’s broader efforts to stabilise the economy following the severe financial crisis that hit the country between 2022 and 2023.From Crisis to RecoveryGhana endured one of its most challenging economic periods in recent history during 2022–2023, when mounting fiscal pressures and external shocks forced the government at the time to declare a debt default. The crisis triggered high inflation, currency instability, and significant hardship for households and businesses across the country.According to Dr. ...
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Government Pays GH¢10 Billion DDEP Interest, Boosts Investor Confidence
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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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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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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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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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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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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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