Ministry of Finance

Also known as: Legal Division of the Ministry of Finance

Government agency responsible for Ghana's fiscal policy, public spending, and financial clearance for government recruitment and projects.

2026-04-242026-09-14

In coverage

Verbatim sentences from the source article.

August 2026
31 AugJoy Online
… The bottleneck is production, not strategy Small and medium enterprises make up about 92 per cent of registered businesses in Ghana and contribute roughly 70 per cent of GDP, figures the Ministry of Finance has cited repeatedly using Ghana Statistical Service data. …
Ghana’s small businesses don’t have a marketing problem. They have a capacity problem.
31 AugJoy Online
… Mr Asafo-Agyei further disclosed that the government, through the Ministry of Finance and following advice from the GSA, released $500,000 to the University of Memphis on Wednesday, August 26, 2026, as part-payment towards outstanding financial arrears. …
University of Memphis has not terminated scholarship deal with GSA – Director-General
31 AugThe Ghanaian Times
… He said subsequent engagements with the Ministry of Finance and the Ghana Revenue Authority (GRA) had addressed many of those concerns, leading the association to support the reform. …
Expand Tema Port capacity to ease congestion — IEAG
31 AugJoy Online
… Procurement infractions decline SIGA said the Ministry of Finance issued new Public Financial Management Implementation Guidelines in May 2025, requiring specified entities to submit quarterly internal audit and commitment control reports. …
Ghana’s state-owned enterprises return to profit with GH¢19.8bn gain in 2025 — SIGA
31 AugThe Chronicle
… The Governor explained that the VACC would comprise representatives from the Bank of Ghana, SEC, Ministry of Finance, Cyber Security Authority and the Financial Intelligence Centre, with provision for other relevant institutions to be co-opted where necessary. …
Bank of Ghana takes lead in regulating virtual assets
29 AugJoy Online
… Kweku Bedu-Addo, a former public policy expert at the Ministry of Finance, and Dr Henry Kofi Wampah, a former Governor of the Bank of Ghana. …
5 Fiscal Council members cleared
29 AugJoy Online
… The report was jointly compiled by GIPA, the Ministry of Trade, Agribusiness and Industry, the Ministry of Finance, the Bank of Ghana, the Petroleum Commission and the Ghana Free Zones Authority. …
GIPA CEO calls for stronger coordination to provide a clearer picture of investment activity
28 AugJoy Online
… Transaction charges reportedly fell from approximately 17 per cent of transaction value before 2025 to 7.25 per cent by February 2026, and subsequently to 5 per cent effective August 1, 2026, with the latter borne by the Ministry of Finance and allocated in the budget. …
Beyond the Numbers: Understanding the Bank of Ghana’s Domestic Gold Purchase Programme(DGPP)
28 AugJoy Online
… He also stated that his outfit is rebuilding external buffers through the gold-accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), in coordination with the Ministry of Finance. …
We are hopeful of a ratings upgrade in second half of 2026 – BoG Governor
27 AugThe Ghanaian Times
… He, however, indicated that discussions are already underway between the GoldBod and the Ministry of Finance on measures to make Ghana’s refineries more competitive. …
Gold refining in Ghana more expensive than abroad – Kenneth Ashigbey

Society

Ghana lacks systematic tracking of child protection funding

The News

Dr Angela Dwamena-Aboagye, founder of the Ark Foundation, has called for a systematic approach to child protection funding in Ghana, arguing that resources must be tracked and directed to areas where children face the greatest risks. She stressed that without reliable data and a deliberate monitoring system, funding cannot be effectively prioritised or allocated according to district-level needs.

6 hours ago · Joy Online →

Today

Ghana lacks systematic tracking of child protection funding
Dr Angela Dwamena-Aboagye, founder of the Ark Foundation, has called for a systematic approach to child protection funding in Ghana, arguing that resources must be tracked and directed to areas where children face the greatest risks. She stressed that without reliable data and a deliberate monitoring system, funding cannot be effectively prioritised or allocated according to district-level needs.
6 hours ago · Joy Online →
Ghana has domestic violence laws, but victims face financial barriers
Commentary examines Ghana's Domestic Violence Act and related support structures, questioning whether survivors can afford to access the legal protections and services available to them, including DOVVSU, courts, and the One-Stop Centre in Accra.
9 hours ago · Joy Online →

Yesterday

GRA proposes expanding Modified Taxation Scheme to small companies
The Ghana Revenue Authority is proposing to extend the Modified Taxation Scheme to qualifying small limited liability companies with annual turnover of up to GH¢750,000, allowing eligible businesses to benefit from a simplified tax regime rather than standard corporate compliance requirements. The Commissioner-General announced the policy shift at an MTS stakeholder workshop in Accra, aimed at making the tax system more responsive to small businesses.
13 September 2026 · Joy Online →
Education Minister calls for shift in spending toward basic literacy
Education Minister Haruna Iddrisu has criticized excessive public spending on secondary education and called for Ghana to redirect greater resources toward foundational learning at the basic education level, arguing that strong literacy skills acquired early significantly improve students' prospects of later academic success.
13 September 2026 · Joy Online →
ECG losses worsen despite over $700 million government investment
ACEP Executive Director Ben Boakye says the Electricity Company of Ghana's losses have risen from about 21 per cent to nearly 30 per cent despite more than $700 million invested in projects, with ECG making losses exceeding GH¢20 billion annually that drain the national budget.
13 September 2026 · Joy Online →

Friday 11 September

Dafeamekpor accuses IMF of political bias against NDC
The Majority Chief Whip has accused the IMF of showing political bias against the NDC government following the Fund's assessment of governance in Ghana's state-owned enterprises, arguing that the IMF criticises NDC administrations over practices also prevalent under NPP rule. The IMF report identified the politicisation of board and chief executive appointments as a major weakness, noting that appointments remain highly political and centralised in the Presidency despite Ghana's framework intended to make them merit-based.
11 September 2026 · Joy Online →
IMF flags 87% of COCOBOD cocoa roads contracts directly awarded
An IMF Technical Assistance Report found that 87 percent of contracts under COCOBOD's cocoa roads investment portfolio were directly awarded without competitive tendering, reflecting broader weaknesses in procurement, project costing, and contract management within the state-owned enterprise.
11 September 2026 · Joy Online →
SOEs recorded GH¢18.6bn in financial management irregularities
According to an IMF Technical Assistance Report based on the 2024 Auditor-General findings, State-Owned Enterprises accumulated approximately GH¢18.6 billion in financial irregularities, with outstanding debtors and loans accounting for GH¢12.54 billion of the total. The IMF warned that persistent financial weaknesses could increase government's fiscal exposure and called for stronger oversight and governance of SOEs.
11 September 2026 · Joy Online →

Thursday 10 September

IMF: Ghana's SOE reforms have not improved financial performance
The International Monetary Fund states that government reform efforts over the past decade have not translated into improved financial performance for State-Owned Enterprises, with energy and commodity-sector SOEs remaining sources of fiscal strain despite revenue increases from GH¢19 billion in 2015 to GH¢133 billion in 2024.
10 September 2026 · Joy Online →
Akufo-Addo's ex-lawyer demands overdue salary from Finance Ministry
Former Legal Counsel to President Akufo-Addo, Kow Abaka Essuman, has given the Finance Ministry until September 11, 2026, to pay outstanding salary arrears and terminal benefits or face legal action, claiming he has waited more than 20 months for his entitlements.
10 September 2026 · The Ghanaian Times →
Mahama demands better performance from Ghana's state-owned enterprises
President Mahama has told boards and management of state-owned enterprises that survival is no longer acceptable as success, demanding stronger performance and financial discipline. He reported that five SOEs recorded losses every year from 2021 to 2025, while other state entities recorded an aggregate deficit of $10.48 billion in 2025, up from $2.40 billion in 2024.
10 September 2026 · Joy Online →
Former Presidential Counsel demands unpaid salary from Finance Ministry
Kow Essuman, former Legal Counsel to President Akufo-Addo, has demanded that the Ministry of Finance settle unpaid salary arrears and end-of-service benefits by September 11, 2026, or face legal action. His lawyers claim he is owed four months' consolidated salary for each completed year of service, a one-month installation grant, and a resettlement grant equivalent to one month's salary per year served, plus interest from January 7, 2025.
10 September 2026 · Joy Online →
Ghana Customs clarifies duty rules for personal effects, luggage imports
The Ghanaian Times clarifies the legal basis for Ghana's Customs Commissioner's recent comments on duty exemptions for personal items and parcels, placing them in the context of Ghana's constitution, customs laws, and international WCO and WTO protocols.
10 September 2026 · The Ghanaian Times →
Kow Essuman demands terminal benefits from Finance Minister
Lawyers for former Legal Counsel to the President Kow Abaka Essuman have formally demanded payment of his outstanding salary arrears and terminal benefits following the end of his tenure in January 2025. The lawyers cite the Presidential (Transition) Act, 2012, which requires the Transition Team to pay retiring benefits to specified public office holders without undue delay.
10 September 2026 · Joy Online →
NETRIGHT urges gov't to prioritise rural women's businesses in new bank
The Network for Women's Rights in Ghana (NETRIGHT) has called on government to ensure the Women's Development Bank serves rural businesses owned by women, youth and the marginalised, and to accelerate its operationalisation. The bank has been allocated GH¢51.3 million in 2025 and GH¢401 million in 2026, but has not yet begun operations, prompting concerns about delays in accessing services.
10 September 2026 · Joy Online →

Tuesday 8 September

Adutwum's spokesman disputes Finance Ministry's GES recruitment clearance claim
The Education Ministry's former spokesperson has rejected the Finance Ministry's assertion that 6,300 GES staff were recruited in 2024 without financial clearance, stating that official records show clearance was granted for the recruitment. The Finance Ministry had said Cabinet approval and financial clearance were issued in tranches after recruitment to address salary concerns.
8 September 2026 · Joy Online →
Finance Ministry confirms all 6,300 GES staff paid salaries
The Ministry of Finance states that all 6,300 Ghana Education Service staff recruited in 2024 without financial clearance have been paid after the government secured Cabinet approval and issued the required clearance in 2025. The Ministry also clarified that there are no outstanding financial clearance requests from the GES awaiting action.
8 September 2026 · Joy Online →
President Mahama inaugurates five-member Independent Fiscal Council
President John Mahama has inaugurated a five-member Independent Fiscal Council with a four-year mandate to provide independent oversight of the country's fiscal policy and scrutinise the Government's fiscal decisions. The Council is chaired by Dr Emmanuel Oteng Kumah and includes former Bank of Ghana Governor Dr Henry Kofi Wampah, among others, and will assess compliance with fiscal rules and provide recommendations in the national interest.
8 September 2026 · Joy Online →
Ghana secures 'Visit Ghana' shirt sponsorship with Sunderland AFC
Ghana has secured a private sector-led partnership with English Premier League side Sunderland Football Club to display 'Visit Ghana' on the club's jersey for the 2026/2027 season, expected to provide exposure through Premier League matches, digital platforms and international media.
8 September 2026 · Daily Guide →

Thursday 3 September

Economist urges Ghana to re-engineer and reintroduce e-levy
Economist Samuel Worlanyo Mensah has called for the re-engineering and reintroduction of the Electronic Transfer Levy (e-Levy) as a sustainable revenue source for Ghana's development programmes, citing global economic uncertainties and citizens' expectations for improved infrastructure and services.
3 September 2026 · The Chronicle →

Wednesday 2 September

Military to secure James Town after waste evacuation operation
The Local Government Minister says the military will secure James Town after a planned government cleanup to evacuate accumulated waste, in order to prevent illegal dumping and squatting on the cleared land. The waste will be transported to the Adipa Waste Management Centre in Nsawam.
2 September 2026 · Joy Online →
President Mahama dissolves NSA board with immediate effect
President John Dramani Mahama has dissolved the governing board of the National Sports Authority, chaired by Dr Fred Awaah, with immediate effect. The affected board and eight others will be reconstituted in due course.
2 September 2026 · Joy Online →
Fidelity Bank convenes debt capital markets conference for growth
Fidelity Bank Ghana held a Debt Capital Markets Conference bringing together the Bank of Ghana, Ministry of Finance, Ghana Stock Exchange, and institutional investors to explore how macroeconomic stability can be converted into long-term capital for productive investment. Managing Director Julian Opuni said improving conditions present an opportunity after three years of stabilisation, and disclosed the bank has supported debt capital-market transactions with an aggregate value exceeding GH¢30 billion.
2 September 2026 · Daily Guide →
Kwame Pianim praises Fidelity Bank governance model
Veteran economist Kwame Pianim has commended Fidelity Bank Ghana as an example of sound governance, credible succession, and homegrown ownership, emphasizing the need for Ghana's economy to sustain recovery and build a deeper capital market.
2 September 2026 · Joy Online →

Tuesday 1 September

COCOBOD pays GH¢2.3bn in DDEP bond obligations
The Ghana Cocoa Board has settled GH¢2.3 billion in outstanding payment obligations to bondholders affected by the Domestic Debt Exchange Programme for the 2026 financial year, bringing its total DDEP payments for the year to GH¢2.68 billion. The Board also previously settled GH¢162 million owed to non-participating Cocoa Bill holders in July 2026.
1 September 2026 · The Chronicle →
GoldBod defends $1.315bn forex generation under GANRAP policy
The Ghana Gold Board has defended its $1.315 billion in foreign exchange generation in August, stating the transactions are part of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), approved by Cabinet and Parliament, aimed at building Ghana's gold and foreign exchange reserves to stabilize the cedi.
1 September 2026 · Joy Online →
COCOBOD settles GH¢2.3bn DDEP bond obligations for 2026
Ghana's Cocoa Board has completed its mandatory payment obligations under the Domestic Debt Exchange Programme by settling GH¢2.3 billion owed to bondholders, with total payments to DDEP bondholders in 2026 reaching GH¢2.68 billion including an earlier March coupon payment.
1 September 2026 · Joy Online →
Fidelity Bank hosts debt capital markets conference on Ghana growth
Fidelity Bank Ghana convened a Debt Capital Markets Conference with the Bank of Ghana, Ministry of Finance, Ghana Stock Exchange, and institutional investors to discuss converting macroeconomic stability into long-term capital for productive investment. The conference, themed "Lower Rates, Higher Opportunity," focused on shifting the national conversation from economic stabilisation to building foundations for sustainable growth through debt capital markets.
1 September 2026 · Joy Online →

Monday 31 August

Ghana Gold Board targets US$1.4bn foreign exchange in September
The Ghana Gold Board says it will generate US$1.4 billion in foreign exchange in September 2026, split between commercial bank sales and Bank of Ghana reserve accumulation under the new GANRAP policy. In August, GoldBod generated US$1.315 billion following implementation of a new collaborative financing model for artisanal and small-scale mining operations.
31 August 2026 · Joy Online →
Government rejects ABL's claim on beer tax job losses
The government has rejected Accra Brewery PLC's warning that changes to Ghana's beer excise duty could threaten 2,000 jobs, saying the company has not provided sufficient evidence. The Finance Ministry argued that the existing tax concession was not achieving its intended purpose, with data showing that 85% of qualifying production by local manufacturers was already being assessed at the highest concessionary band.
31 August 2026 · Joy Online →