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DDEP: Finance Ministry pays GH₵6bn to bondholders

The Ministry of Finance has been instructed by President John Mahama to pay unpaid coupons from the Domestic Debt Exchange Program (DDEP) and create a financial buffer through the Sinking Fund. All DDEP bondholders received a Payment-In-Cash (PIC) coupon of GH₵6.081 billion on Monday, February...

Government to borrow GH¢78bn via T-bills in quarter 3, 2024

In the third quarter of 2024, the government intends to borrow GH¢78.441 billion from the money market. Of that amount, GH¢53.807 billion will be utilised for short-term maturities, and GH¢24.633 billion in new issuance will be used to address financial needs. The weekly issuance of the...

$34m Ambulance deal: Health Ministry’s statement ‘hollow, disingenuous’ – Ablakwa

Samuel Okudzeto Ablakwa, the Member of Parliament for North Tongu, has taken issue with the Ministry of Health's handling of his petition concerning the controversial $34 million ambulance spare parts transaction. Mr. Ablakwa accused former Health Minister Kwaku Agyeman-Manu and former Finance Minister Ken Ofori-Atta...

Gov’t disburses GH₵5.4bn to support LEAP, school feeding, NHIS programmes – Amin Adam

The government of Ghana has decided to enhance its social welfare programs by providing GHS5.4 billion to support the school feeding project, the National Health Insurance Scheme (NHIS), and the Livelihood Empowerment Against Poverty (LEAP) program. Dr. Mohammed Amin Adam, the Minister of Finance, made...

Government to reintroduce road tolls in 2025 – Amin Adam

Dr. Mohammed Amin Adam, the minister of finance, has declared that GH¢1.5 billion more has been allocated by the government to settle outstanding claims involving financial management companies. He also disclosed that the creation of a framework for the reintroduction of road and bridge tolls...

Ghana’s public debt hits GH¢742bn from GH¢658.6bn – Amin Adam

The finance minister, Dr. Mohammed Amin Adam, said that as of June of this year, the central government's provisional total debt was GH¢742 billion (US$50.9 billion). This amount is equivalent to 70.6% of the GDP. Dr. Adam said, "This indicates an increase of 22.0 percent due...