Tag: Ken Ofori Atta
-
Attack on BoG leadership over GH₵60bn loss needless – Ofori-Atta
The Finance Minister, Ken Ofori-Atta, has emphasized that the primary objective of the Bank of Ghana, like all central banks, is not to generate profit. In an article titled “Standing Strong With The Bank of Ghana,” he addressed the importance of managing the central bank as a financially sustainable institution, rather than focusing solely on…
-
BoG’s new headquarters befitting – Finance Minister
The Finance Minister, Ken Ofori-Atta, has called on all Ghanaians to rally and provide the Bank of Ghana with the needed support in the ongoing construction of its new head office. In an article titled “Citizens – Standing Strong with the Bank of Ghana,” Ofori-Atta urged the public to cease the uproar and opposition against…
-
Mid-year budget review 2023 [Full statement]
The Minister of Finance, Ken Ofori-Atta on Monday, July 31, 2023, presented the mid-year budget review in Parliament. The presentation happened after it was postponed twice from July 25 to July 27 and finally to July 31. Mr. Ofori-Atta in his presentation disclosed that Ghana is currently making modest gains in turning the economy around…
-
Ofori-Atta hopeful IMF will disburse second tranche of Ghana’s US$ 3 billion bailout
Government is upbeat about Ghana’s receipt of the second tranche of the US$ 3billion bailout from the International Monetary Fund (IMF). Finance Minister, Ken Ofori-Atta believes, Ghana will meet the criteria for the disbursement of the next US$600. This comes after the recent assessment by the Fund’s visiting staff. Government expects the second tranche in…
-
We’ll be swift with Ghana’s economic recovery – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has reiterated the government’s commitment to swiftly restore Ghana’s economic fortunes in the shortest possible time. Speaking at MTN Group’s 2023 Capital Market Day (CMD) in Johannesburg, South Africa, a two-day event aimed at engaging with stakeholders in the financial community, Mr. Ofori-Atta expressed the government’s determination to revitalize…
-
Expect your matured coupons within 48hrs – Govt tells bondholders
Government says processes for paying matured coupons on outstanding bonds commenced on Monday, March 13, 2023, and urged bondholders to expect such payments to hit their accounts within the next 48 hours. This was captured in a statement issued by the Ministry of Finance on Tuesday, March 14. “Government is pleased to announce that processes…
-
Finance Ministry expects improved credit ratings to enhance engagements with external creditors
The Ministry of Finance says it expects improvement in Ghana’s local currency sovereign credit ratings to enhance engagement with external creditors on its debt treatment. This comes after S&P Global Ratings on Friday, February 24, 2023, raised Ghana’s local currency sovereign credit ratings from selective default (SD) to ‘CCC+/C’. “This acknowledges the completion of the…
-
Ghana’s local debt score raised by S&P as domestic default cured
The rating on Ghana’s local-currency debt was upgraded by S&P Global Ratings as the country settled its domestic debt exchange with bondholders. The nation’s foreign debt remains rated in default. Ghana’s local credit score was raised to CCC+ from SD — or selective default — by S&P after new domestic debt securities were delivered to…
-
Debt cancellation: Ghana’s engagement with China postponed to March
The Finance Minister, Ken Ofori-Atta, has disclosed that government’s planned high-level meeting with Chinese creditors over Ghana’s debt restructuring has been postponed to late March 2023. According to him, this is due to the upcoming National People’s Congress of China which is scheduled for early March. However, bilateral talks will continue ahead of this important…
-
Development partners key contributors to Ghana’s growth agenda – Ofori-Atta to German delegation
The Minister for Finance, Ken Ofori-Atta, yesterday held bilateral talks at the Ministry of Finance with the German Federal Minister for Economic Cooperation and Development (BMZ), Ms. Svenja Schulze. The meeting, which was focused on economic cooperation between Ghana and Germany, also highlighted the key role that Ghana’s development partners play towards growth and development.…