Finance Ministry — government ministry that manages public financial resources, revenue collection, and budget allocation; recently faced criticism over fund delays to other ministries and lack of resources for collapsed bank customer compensation.
… Mr Haruna Iddrisu, the Minister of Education, announced that the Ministry, in collaboration with the Finance Ministry, was taking steps to address UTAG’s research and book allowance issue; hence, there was no need for them to embark on a strike.
The Finance Ministry has inaugurated a nine-member Governing Board for the Internal Audit Agency (IAA) as part of efforts to strengthen public financial management, improve accountability, and reduce recurring audit infractions across the public sector. …
Government left GH₵24 billion of its first-quarter 2026 budget unspent and collected GH₵2.7 billion less revenue than it had targeted, according to Finance Ministry fiscal data on central government operations for January to March. …
The Finance Ministry’s report on the management of the Energy Sector Support Account has revealed that proceeds from the Energy Sector Shortfall and Debt Repayment Levy were still insufficient to fully cover Ghana’s energy sector obligations in 2025 despite the introduction of th …
… With the support of the Finance Ministry, several strategic projects are currently being implemented, and within the next 12 to 24 months, Ghanaians will begin to see tangible results,” he stated. …
… He further explained that even agencies with internally generated funds are unable to utilise their resources promptly because approval processes at the Finance Ministry are taking too long. …
The Minister for Sports and Recreation, Kofi Iddie Adams, has dismissed suggestions that delays in the release of funds by the Finance Ministry were responsible for the organisational challenges during the African Athletics Championship. …
… He noted that “there are other countries that have gone through this route, and there are examples of countries that adopted the gradualist approach, and the results are there for all of us.” Recapitalisation of the Bank of Ghana According to the Finance Ministry, the government’ …
… Contract sum: €48 million Work completed: 81.62% Amount paid: €41.8 million Outstanding balance: €6.1 million Despite the setbacks, the government insists it remains committed to completing both projects.The Ministry says it is working with the Finance Ministry and other stakehol …
President John Mahama has unveiled the Ghana National Research Fund to accelerate Ghana's development as a knowledge-driven, innovation-led economy, with an initial GH¢100 million seed fund for 2026 to support competitive research grants, doctoral and postdoctoral programmes, and strategic innovation initiatives aligned with national priorities.
Why it matters
President Mahama launches Ghana National Research Fund with GH¢100 million seed to drive innovation and knowledge-economy development aligned with national priorities.
President John Mahama has unveiled the Ghana National Research Fund to accelerate Ghana's development as a knowledge-driven, innovation-led economy, with an initial GH¢100 million seed fund for 2026 to support competitive research grants, doctoral and postdoctoral programmes, and strategic innovation initiatives aligned with national priorities.
The Finance Ministry has inaugurated a nine-member Governing Board for the Internal Audit Agency to strengthen public financial management and reduce audit infractions in the public sector. The board will oversee reforms including a review of the Internal Audit Agency Act, 2003, and implement measures to enhance compliance, risk management, and value-for-money auditing.
Ghana's government left GH₵24 billion of its first-quarter 2026 budget unspent, spending GH₵65.97 billion of GH₵89.97 billion approved (73.3%), while total revenue and grants reached GH₵57.5 billion against a GH₵60.3 billion target. Capital expenditure suffered the largest cuts, with government spending GH₵7.3 billion of GH₵12.6 billion programmed, particularly in foreign-financed projects where only GH₵0.6 billion of GH₵5.3 billion was spent.
The Finance Ministry reports that revenue from Ghana's consolidated Energy Sector Shortfall and Debt Repayment Levy totalled GH¢8.66 billion in 2025, falling short of GH¢22.67 billion in total energy sector obligations and requiring GH¢12.9 billion in government support despite an increase in the levy from 95 pesewas to GH¢1.95 per litre in June.
Customers of collapsed financial institutions have threatened intensified protests if the government does not allocate compensation for their locked-up funds in the July mid-year budget review. Finance Minister Cassiel Ato Forson said government lacks financial resources to settle the claims, prompting the Convener of the Aggrieved Customers of Gold Coast Fund Management to warn that affected customers will increase pressure through demonstrations and other lawful actions if their concerns continue to be ignored.
Ghana's government is preparing to scale renewable energy beyond pilot projects from 2027, focusing on utility-scale solar, wind, battery storage, mini-grids and electric mobility to reduce reliance on thermal generation. The transition comes as the power sector grapples with mounting debt, transmission bottlenecks and grid stability concerns.
Effia MP Isaac Boamah-Nyarko has accused the government of failing to adequately fund ministries and state agencies, stating that several public institutions are unable to operate effectively due to delayed or unreleased funds and slow approval processes at the Finance Ministry.
Sports Minister Kofi Iddie Adams rejected claims that Finance Ministry delays in fund release caused organisational problems during the African Athletics Championship, saying the ministry had sufficient resources for critical expenses. He also disputed allegations of poor athlete welfare and defective equipment, suggesting the claims lacked evidence.
Economic advisor Seth Terkper says the government remains committed to maintaining fiscal discipline to help fast-track the Bank of Ghana's recovery and ensure it can perform its functions as lender of last resort. The Bank of Ghana posted an operating loss of GH¢15.6 billion for 2025, up from GH¢9.4 billion in 2024, with negative equity rising from GH¢58.62 billion to GH¢93.82 billion.
The government is moving to secure funding to revive the Kumasi Central Market Phase II and Takoradi Market Circle redevelopment projects, which were halted in 2024 due to financial constraints. The Takoradi project was 81.62 per cent complete and Kumasi's Kejetia Phase II was 58.22 per cent complete at the time of suspension.