Tag: Ministry of Finance
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Gold Coast Fund Management Company customers begin day 2 of protest at Finance Ministry
Customers of the defunct Gold Coast Fund Management Company have begun their second day of protest outside the Ministry of Finance, demanding the release of their locked-up funds. The group spent the night camped outside the ministry to send a strong message to the government, urging them to disburse the approved GH¢8.6 billion allocated by…
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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…
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Leverage Afreximbank to boost regional trade – Amin Adam
Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam is urging African leaders to leverage on the network of resources provided by the Afreximbank to strengthen its regional trade. According to the Minister, the low trade volumes of the sub-region could witness a transformation if efforts are made in accelerating access to market…
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Govt pays outstanding coupons to individual bondholders
Government has commenced payments of outstanding coupons to individual bondholders who failed to participate in the Domestic Debt Exchange programme. In a statement, the coalition of Individual Bondholders confirmed the payments of matured coupons to its members but called on the Ministry of Finance to review its communication management and reposition it for proactive engagement…
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Domestic debt exchange programme expiration date extended
The expiration date for the Domestic Debt Exchange Programme has been extended to December 30, 2022, the Ministry of Finance has announced. In a press statement issued last Friday (December 16, 2022), the ministry explained that over the last ten days, it continued the consultation efforts that was initiated with all stakeholders ahead of the launching…
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Our negotiations with IMF progressing smoothly; ignore contrary claims – Gov’t
The Ministry of Finance has rejected claims that its negotiations with the International Monetary Fund (IMF) for a bailout have not been smooth as projected. A statement from the Ministry said such claims are untrue and should be disregarded. Some reports in the public domain say the negotiations are not going well because the Fund…
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Don’t rely solely on IMF to solve your problems- Theo Acheampong to gov’t
An Economist and Political Risk Analyst, Dr. Theo Acheampong, has urged government not to bank all its hopes on the International Monetary Fund (IMF) in its quest to fix the struggling economy. A team from the IMF has begun the second round of discussions with government on a bailout, with a focus on debt sustainability.…
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IMF team meets BoG, Minister of Finance as negotiations begin
The International Monetary Fund (IMF) as part of ongoing discussions to develop a bailout program for Ghana, has deployed two delegations to hold simultaneous meetings with separate teams from the Bank of Ghana and the Ministry of Finance today. This comes a day after paying courtesy calls on the Vice President, the Minister of Finance…
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Finance ministry refutes allegations of recklessness by IMANI
A Deputy Minister of Finance, John Kumah has refuted the Imani Center for Policy and Education’s claim that the Ministry of Finance had the highest level of fiscal recklessness between the years 2015 and 2020. According to the second Fiscal Recklessness Index 2020 Report, which utilized the Auditor General’s report to assess the fiscal recklessness…
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Gov’t must invest in more long term strategies – Economist
An economist, Dr. Patrick Asuming says the government should invest in long term strategies that will rake in substantial revenue for the country. He contends that policies and tax initiatives such as the benchmark value reduction policy and the luxury income tax were short-lived and failed to serve the purpose for which they were implemented.…