… Technical Advisor at the Finance Ministry, Frederick Amissah, said there had been no delays in the release of GARID funds, contrary to suggestions that funding bottlenecks had slowed implementation. …
… Technical Advisor at the Ministry of Finance, Frederick Amissah, said the money formed part of the Greater Accra Resilient and Integrated Development (GARID) Project, which was intended to tackle flooding but was instead redirected during the pandemic. …
Technical Advisor at the Ministry of Finance, Frederick Amissah, has rejected claims that government delayed the release of funds under the Greater Accra Resilient and Integrated Development (GARID) Project. …
Frederick Amissah, Technical Advisor at the Ministry of Finance, has questioned how millions of dollars diverted from a World Bank-funded project to support Ghana’s Covid-19 response were spent. …
… Frederick Amissah, Technical Advisor to the Minister of Finance, described sustainable finance as a financial stability, competitiveness and national development issue, arguing that climate-related events increasingly translate into fiscal costs through damaged infrastructure, fo …
… Frederick Amissah, Technical Advisor at the Ministry of Finance, explained that the new system is designed to ensure that every cedi spent by the state delivers equivalent value in goods and services. …
… Speaking on the JoyBusiness Roundtable Discussion held today on the theme “Mahama at 16 Months: Do Economic Narratives Match Real-Sector Outcomes?” , Frederick Amissah acknowledged the typical lag between macroeconomic recovery and its translation into everyday livelihoods. …
A Technical Advisor to the Minister of Finance, Frederick Amissah, says businesses are becoming increasingly confident in the economy, signaling that recent macroeconomic stability measures are beginning to have an impact. …
… Frederick Amissah, speaking at The JoyBusiness Roundtable Discussion on the theme “Mahama at 16 Months: Do Economic Narratives Match Real-Sector Outcomes?”, said the numbers tell a story that cannot be dismissed. …
The Finance Ministry disclosed that $4.2 million transferred from the Greater Accra Resilient and Integrated Development (GARID) Project for Covid-19 expenditure under the Akufo-Addo administration remains unretired. Technical Advisor Frederick Amissah said there had been no delays in GARID fund releases, though nearly half of the $137 million drawn down was redirected to Covid-19 spending.
Why it matters
The Finance Ministry's disclosure of $4.2m in unretired GARID funds raises questions about project management and accountability in a major World Bank-funded development initiative.
The Finance Ministry disclosed that $4.2 million transferred from the Greater Accra Resilient and Integrated Development (GARID) Project for Covid-19 expenditure under the Akufo-Addo administration remains unretired. Technical Advisor Frederick Amissah said there had been no delays in GARID fund releases, though nearly half of the $137 million drawn down was redirected to Covid-19 spending.
Ghana's Ministry of Finance alleges that the Akufo-Addo administration diverted $65 million from a World Bank-funded flood protection project (GARID) to finance Covid-19 activities. The Technical Advisor also cited another World Bank project where almost GH¢1 billion was spent on travel in 2024.
The Ministry of Finance rejected claims that government delayed funds under the Greater Accra Resilient and Integrated Development (GARID) Project, stating that funds have been released as expected. The ministry noted that GARID is a World Bank-funded loan worth $350 million that must be repaid, and said President Mahama's flood committee directed resources from the facility to support flood interventions.
A Ministry of Finance technical advisor has questioned how millions diverted from a World Bank-funded project to support Ghana's Covid-19 response were spent, citing a $3 million expenditure labeled only as "support" with no clear explanation.
The Bank of Ghana has launched a national Sustainable Finance Roadmap to coordinate financial sector regulation, strengthen resilience to climate-related risks, and attract global capital for climate and sustainable development projects. Governor Johnson Pandit Asiama stated that sustainable finance is central to financial stability and long-term investment, as climate change poses direct financial risks to asset values, lending and the broader financial system.
Ghana's Finance Ministry is establishing a Value for Money Office that will scrutinise all public contracts above a specified financial threshold (estimated at $10 million) and all single-source procurements to ensure efficiency and accountability in government spending. The office will require contracts to obtain a Value for Money certificate before approval as part of broader public financial management reforms.
A Technical Advisor at Ghana's Ministry of Finance says the country's improving macroeconomic stability is delivering tangible benefits, though the full micro-economic impact will take more time. He noted early signs of progress including reduced producer price inflation, but acknowledged a typical lag between macroeconomic recovery and its translation into everyday livelihoods.
A Technical Advisor to the Finance Minister says businesses are becoming increasingly confident in the economy as macroeconomic stability measures take effect, with improvements evident at both macro and firm levels. He notes that sustaining gains will require continued policy discipline and targeted interventions.
A Technical Advisor to the Finance Minister stated that government will not overspend in 2026 and is committed to maintaining debt at acceptable levels through checks and plans, noting that it has honoured all debt obligations and did not accumulate arrears in 2025.
A technical adviser at the Finance Ministry has argued that Ghana's macroeconomic turnaround is real and reaching businesses and households, citing falling borrowing costs as evidence, even as analysts debate whether these gains have translated into relief for ordinary Ghanaians at the market and fuel pump.
JoyNews will host a roundtable discussion tomorrow morning bringing together policymakers, economists, and private sector leaders to assess whether Ghana's reported economic progress is reflected in the real economy, examining issues including the cost of doing business, inflation, currency stability, and sectoral performance over the past 16 months.
The JoyBusiness Round Table discussion, scheduled for April 30, 2026 at Joy News Studio, will examine whether Ghana's macroeconomic gains over the past 16 months have translated into real-sector improvements, with a panel including the Technical Advisor at the Ministry of Finance, the CEO of the Ghana Chamber of Commerce and Industry, and other economic experts.