Tag Archives: Finance Ministry

President Akufo-Addo has been advised by Ghana’s Ministry of Finance not to sign the newly enacted Anti-LGBTQ+ Bill into law.   The Finance Ministry warned that taking such action could have a negative impact on the nation’s ability to get financial support from international organizations like the Bretton Woods Institutions …

The Executive Director of the Institute of Energy Security (IES), Nana Amoasi VII, has described as ‘thievery’ the Finance Ministry’s 10-year contract with Strategic Mobilisation Ghana Limited (SML). This comes after Strategic Mobilisation Ghana Limited was awarded an additional contract worth up to ¢24 million per month. The contract calls …

The Finance Ministry says it has settled all outstanding coupons and principal payments up until June 19, 2023 and has sent out instructions for payment of coupons falling due up until July 10, 2023. This is in light of an impending picket to be undertaken by individual bondholders at the …

Members of the Pensioner Bondholders Forum have returned to the premises of the Finance Ministry to picket to demand payment of outstanding coupons on matured bonds.   The government has defaulted on payments for coupons on matured bonds for pensioner bondholders who were exempted from the Domestic Debt Exchange Programme …

The Pensioners Bondholders exempted from the government’s Domestic Debt Exchange Programme (DDEP) will today, Friday, April 28, resume its picketing at the premises of the Ministry of Finance. The resumption of their action is due to the government’s failure to pay all outstanding coupons and principals of bond investments. In …

The government has once again promised to pay matured coupons and principal of old bonds beginning March 13, 2023, after reneging on its promise of paying coupons that matured on February 6-20, 2023. This follows the conclusion of the Domestic Debt Exchange Programme (DDEP). In view of this, the government …

The government has announced the final principal amounts of new bonds in the settlement of the domestic debt exchange programme (DDEP). The Finance Ministry in a statement disclosed that: ”In anticipation of the settlement of the Domestic Debt Exchange Programme (DDEP) on 21St February 2023, the Government announces the aggregate …

Executive Secretary of the Civil and local Government Staff Association (CLOGSAG), Isaac Bampoe Addo, has asked President Nana Addo Dankwa Akufo-Addo to come up with measures to clear all middlemen (goro boys) at the Finance Ministry. It is unclear who he labeled as the ‘goro boys’ but he says they …

The Ministry of Finance has reacted to claims that about 94 percent of Tier 2 pension contributions placed in government securities will be affected by a supposed debt restructuring move by the government. The reports had suggested that about GH¢3.7 billion of the GH¢3.9 billion Tier 2 pension contributions placed …

The Finance Ministry has given the go ahead for the payment of allowances to nurses on one-year mandatory rotation at various health facilities nationwide to be paid. About 5,239 nurses and midwives and allied health professionals will be paid.   Each of them will receive ¢871 per month with effect …