Also known as: Mr. Ampem Nyarko · Mr. Nyarko · Deputy Minister for Finance Thomas Ampem Nyarko · Mr Ampem Nyarko · Deputy Finance Minister Thomas Ampem Nyarko
Deputy Finance Minister who reported on gold purchases, COCOBOD debt, and economic governance to Parliament in 2026.
The Deputy Minister for Finance, Thomas Ampem Nyarko, has confirmed that the government has successfully registered the company established to operationalise the Women’s Development Bank, with the project now awaiting an operating licence from the Bank of Ghana before full implem …
Deputy Finance Minister Thomas Ampem Nyarko has disclosed that the Ghana Gold Board has licensed a total of 1,184 gold-buying companies as of May 31. …
Deputy Finance Minister Thomas Ampem Nyarko has told Parliament that from January 2025 to May 2026, the Gold Board expended approximately US$16.1 billion on the purchase of gold, of which US$9.8 billion was used between January and December 2025. …
The Deputy Minister of Finance, Thomas Ampem Nyarko, says the indebtedness of the Ghana Cocoa Board (COCOBOD) to suppliers of fertilizers and agrochemicals between 2021 and 2024 forms part of a wider financial challenge inherited within the cocoa sector. …
The Deputy Minister of Finance, Thomas Ampem Nyarko, says the government will provide tax incentives to companies and investors who establish factories outside the national capital, Accra. …
… The Deputy Minister of Finance, Mr Thomas Ampem Nyarko, disclosed this when the Ministry of Finance appeared before Parliament’s Economic and Development Committee yesterday. …
… Responding to the concerns, Deputy Minister for Finance Thomas Ampem Nyarko attributed the suspension of the projects primarily to Ghana’s debt restructuring programme. …
… Mr. Nyarko also highlighted the 30-year reign of Neenyi Ghartey VII, Paramount Chief of the Effutu Traditional Area, describing it as a symbol of stability, peace, and dedicated leadership. …
The Deputy Minister of Finance, Thomas Ampem Nyarko, has stated that governance is about accountability, responsibility, and transparency, explaining that the root causes of what the country witnessed and the pain it endured through surging inflation, currency volatility, and deb …
… Present at the meeting were Deputy Finance Minister Thomas Ampem Nyarko, Chief Director of the Ministry of Finance Patrick Nomo, Governor of the Bank of Ghana Dr. …
The Deputy Minister for Finance confirmed that WDB Ghana Limited has been registered and the government has applied to the Bank of Ghana for an operating licence to launch the Women's Development Bank. The 2025 budget allocated GH¢51.3 million for the intervention, with a further GH¢450 million provided in the 2026 budget.
Why it matters
Women's Development Bank awaits Bank of Ghana operating licence with substantial budget allocation, marking significant financial inclusion initiative.
The Deputy Minister for Finance confirmed that WDB Ghana Limited has been registered and the government has applied to the Bank of Ghana for an operating licence to launch the Women's Development Bank. The 2025 budget allocated GH¢51.3 million for the intervention, with a further GH¢450 million provided in the 2026 budget.
The Ghana Gold Board has licensed 1,184 gold-buying entities as of 31 May, comprising aggregators, self-financing aggregators, and tier 1 and 2 buyers, all required to source from licensed miners and sell to the Board. Between January 2025 and May 2026, the Board purchased 135.843 metric tonnes of gold, with the vast majority from the artisanal and small-scale mining sector.
Deputy Finance Minister Thomas Ampem Nyarko told Parliament that from January 2025 to May 2026, the Gold Board spent approximately US$16.1 billion on gold purchases, with US$9.8 billion expended in 2025. The government is shifting Ghana's gold economy from an unregulated system to a structured, transparent one where gold is properly accounted for and benefits the national economy.
Deputy Finance Minister Thomas Ampem Nyarko told Parliament that COCOBOD's indebtedness to fertilizer and agrochemical suppliers stems from a broader fiscal crisis: procurement commitments systematically exceeded budgetary allocations across 2021–2024, with spending continuing despite unpaid previous seasons' bills.
The Deputy Minister of Finance says the government will provide tax incentives to companies and investors who establish factories outside Accra as part of a strategy to decentralise industrial development and ensure equitable economic distribution across the country. The initiative aims to address the concentration of industries in the capital, which has contributed to rural–urban migration, congestion, and unequal development.
The government is introducing tax incentives for companies and investors who establish factories outside Accra as part of a strategy to decentralise industrial development and address rural-urban migration and uneven economic distribution across the country.
The 2024 National Annual Progress Report revealed that the previous government suspended about 15 major road projects, including pedestrian bridges, Kumasi roads, the Tema–Aflao Road Project, and several others, due to financial constraints. Parliament's Economy and Development Committee is reviewing the report and seeking clarification on the current status and measures to resume and complete these projects.
At the 2026 Aboakyer Festival in Winneba, MTN Ghana emphasised the event as a symbol of unity and heritage for the Effutu people, noting the occasion also marks the company's 30 years of operations and the 30-year reign of Paramount Chief Neenyi Ghartey VII.
Deputy Finance Minister Thomas Ampem Nyarko attributed Ghana's recent struggles with inflation, currency volatility, and debt restructuring to weak internal controls, poor risk management, and lack of accountability at leadership levels. He stated that institutions weaken gradually when governance is compromised, and warned that the costs included billions in public funds lost and erosion of public trust.
Ghana has commenced its Sixth Review with the IMF, with Finance Minister Dr. Cassiel Ato Forson describing the reform programme as transformative and successful following the country's 2022 economic crisis. The government has signalled the next phase will prioritise private sector growth to translate macroeconomic stability into investment, jobs, and opportunities for citizens.
The government has begun the sixth review of its programme with the IMF, with Finance Minister Dr. Cassiel Ato Forson characterising Ghana's reform efforts as a transformative success that has stabilised the economy and restored credibility since the 2022 economic crisis. The next phase will focus on unlocking private sector growth to translate macroeconomic stability into investment, jobs, and opportunities for citizens.