Finance
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Government has not requested IMF programme extension – Deputy Finance Minister clarifies
The Deputy Minister of Finance, Thomas Nyarko Ampem, has dismissed claims that the government is seeking another bailout programme from the International Monetary Fund (IMF), clarifying that Ghana is only requesting technical support under a Policy Coordination Instrument (PCI). According to him, the PCI arrangement is...
Ecobank Ghana PLC assures customers of stability after Supreme Court defeat in Daniel Ofori case
Ecobank Ghana PLC has assured customers and stakeholders that its operations remain stable and financially sound despite suffering another setback in its protracted legal dispute with businessman Daniel Ofori. In a statement issued on May 16, the bank acknowledged the recent Supreme Court ruling and reiterated its comm...
Opinion: Accountability cannot be answered with insults
Even in their wildest imaginations and on their very best day, some people cannot hold a candle to others on the pure merits of what those individuals have achieved through their own effort, enterprise and sacrifice. Yet the dysfunctions of our politics and democracy sometimes elevate underachievers to public office, e...
Minority to GOLDBOD CEO: your silence on GHC22bn loss amounts to admission
The Minority in Parliament said Wednesday that the Chief Executive of the Ghana Gold Board (GOLDBOD) Sammy Gyamfi has admitted the Domestic Gold Purchase Programme lost GHC22 billion in 2025, as it dismissed the government agency’s response to IMF findings as full of contradictions. The Minority Caucus issued the state...
IMF debt assessments failed to fully capture Ghana’s mounting crisis risks – Maxwell Opoku-Afari
Ghana’s descent into debt distress in 2022 was preceded by years of warning signs that were visible but were not sufficiently reflected in assessments of how quickly the economy could tip into crisis, a new policy paper by former First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari, has argued. The study...
Atuabo Gas, Terminal 3, Flower Pot Interchange funded with oil revenue – PIAC
The Public Interest and Accountability Committee (PIAC) says several major infrastructure projects, including the Atuabo Gas Processing Plant, Terminal 3 at Kotoka International Airport and the Flower Pot Interchange, have been financed wholly or partly with Ghana’s petroleum revenue. The disclosure comes amid growing...
DDEP: Gov’t pays GHC10.8bn coupon as total payments reach GHC41.36bn
The government has paid GHC10.82 billion to bondholders under the Domestic Debt Exchange Programme (DDEP), the Finance Ministry said Wednesday. The payment, totalling GHC10,816,840,318.26, was made in full and on schedule, according to the ministry. It brings the total amount paid to DDEP bondholders since 2025 to GHC4...
BoG urges stronger collaboration to scale digital finance and SME access
The Bank of Ghana (BoG) has called for closer collaboration among stakeholders in the financial sector to build on Ghana’s growing digital finance ecosystem and expand access to financial services, particularly for small and medium-sized enterprises (SMEs).
Continuity: The engine of compounding
We have long been taught that the greatest force in finance is compounding. I think we may have mistaken the effect for the cause. Compounding is not the fundamental force. Continuity is: When most people hear the word compounding, they think about money. Compound interest. Investment returns. Long-term wealth. Finance...
RTI Commission fines finance ministry GHc100,000.00
The Right to Information Commission (RTIC) has imposed a fine of one hundred thousand Ghana cedis (GHc 100,000.00) against the Ministry of Finance for failing to respond to an RTI request submitted to it by a broadcast journalist seeking details of payment of emoluments to former Appointees who served in government fro...
Grain scandal: Finance Ministry alarmed by GH¢61.7m ‘ghost transport’ payout in 2024
A massive verification exercise conducted by the Ghana Audit Service, in partnership with EY and PwC, has exposed a multi-million-cedi scandal involving the overpayment and irregular compensation of a transportation firm contracted under the Farmer Food Relief and Recovery Programme in 2024.
We exceeded IMF programme targets without seeking waivers – Deputy Finance Minister
The Deputy Minister of Finance, Thomas Nyarko Ampem, has said the government successfully met and exceeded targets under Ghana’s International Monetary Fund (IMF) programme through prudent fiscal management and strict economic discipline. According to him, the current administration restored confidence in the programme...