Also known as: Mr Thomas Nyarko Ampem · Mr. Ampem · Mr Ampem · Mr Nyarko Ampem · Deputy Minister for Finance, Thomas Nyarko Ampem · Mr. Nyarko Ampem · Deputy Minister for Finance Thomas Nyarko Ampem · Deputy Finance Minister Thomas Nyarko Ampem
Deputy Minister of Finance addressing parliamentary and regional matters including gold sector formalisation, tax administration, and political finance reform.
The Deputy Minister for Finance, Thomas Nyarko Ampem, has assured Parliament that the government is jealously safeguarding the economic gains achieved since 2025 and remains committed to ensuring stronger economic performance in the years ahead through prudent fiscal management a …
… This is Ghana’s moment to feed itself, employ its youth, build competitive industries, and create wealth from its own soil “said Thomas Nyarko Ampem, Deputy Minister of Finance. …
… d to working with all stakeholders to translate the aspirations of this AgriConnect Compact into tangible results for our people. “This is Ghana’s moment to feed itself, employ its youth, build competitive industries, and create wealth from its own soil“, said Thomas Nyarko Ampem …
… The disclosure was made by the Deputy Minister for Finance, Thomas Nyarko Ampem, during the launch of Ghana’s National Pact for Agricultural Transformation, Food Security and Employment (AgriConnect Compact) on Wednesday, June 3, 2026. …
… The disclosure was made by Deputy Minister for Finance Thomas Nyarko Ampem during the launch of Ghana’s National Pact for Agricultural Transformation, Food Security, and Employment (AgriConnect Compact) on Wednesday, June 3, 2026. …
Thomas Nyarko Ampem, the Deputy Minister of Finance, has called on investors and development partners to commit long-term capital towards transforming Ghana’s rice sector into a major driver of economic growth, food security and industrialisation. …
… Deputy Minister for Finance, Thomas Nyarko Ampem, also called for increased investment in the sector, arguing that West Africa’s challenge was not a lack of agricultural potential but inadequate transformational capital. …
A new Driver and Vehicle Licensing Authority office has been commissioned in Asuogyaman District to bring licensing services closer to residents and curb fraudulent documents. The facility is the 25th of 40 district offices being established nationwide under the DVLA's decentralisation programme.
A new Driver and Vehicle Licensing Authority office has been commissioned in Asuogyaman District to bring licensing services closer to residents and curb fraudulent documents. The facility is the 25th of 40 district offices being established nationwide under the DVLA's decentralisation programme.
Thirty-two Japan Overseas Cooperation Volunteers serving in Ghana paid a courtesy call on the Deputy Minister of Finance to deepen Ghana-Japan relations through volunteerism and cultural exchange, ahead of the 50th anniversary of the JICA volunteer programme in Ghana in 2027. Over 1,550 Japanese volunteers have served in Ghana over the past five decades in health, education, agriculture, sports and community development.
Ghana's Deputy Minister for Finance called First Atlantic Bank's expansion into Liberia a milestone in African economic integration and evidence that Ghanaian financial institutions are increasingly competing across borders. He characterized the move as African capital investing in Africa and part of President Mahama's commitment to enabling Ghanaian businesses to become regional and global champions.
Parliament passed the Ghana Cocoa Board Bill, 2026 under certificate of urgency to establish a new legal framework for the Ghana Cocoa Board before the 2026/2027 cocoa season begins in September. The law will regulate the cocoa value chain, support cultivation, and undertake buying, selling and export of cocoa, while implementing reforms including a domestic financing model and guaranteed payment of 70 percent of the Free-on-Board price to cocoa farmers.
Parliament has approved the Ghana Cocoa Board Bill, 2026, which restructures the cocoa industry under a new governance framework and includes a statutory guarantee that cocoa farmers will receive not less than 70 per cent of the Free-On-Board price of cocoa. The legislation replaces the fragmented legal regime governing the sector with a single, modern framework to regulate, supervise and promote activities across the cocoa value chain.
Parliament has approved the Excise Bill, 2026, removing excise duty on locally manufactured fruit juices to make products more affordable and strengthen Ghana's agro-processing sector. The law also introduces an incentive-based excise regime for beer and other beverages, with tax rates linked to the proportion of locally sourced raw materials used in production.
The Ministry of Tourism, Culture and Creative Arts has taken over the former Ministry of Finance Annex Building in Accra, which comprises 97 offices, three conference rooms, furniture and equipment. The handover is intended to strengthen the Tourism Ministry's institutional capacity and improve service delivery.
The Electricity Company of Ghana and the Power Tennis Club have inaugurated a renovated tennis court in Accra to promote sports development and community engagement. The facility, originally built in 1994, was upgraded through contributions from the club's executives, patrons, and donors.
The Electricity Company of Ghana has officially reopened the renovated Power Tennis Court in Accra, a facility originally constructed in 1994 that has served members of the Power Tennis Club for more than three decades. The reopening was made possible through collaboration between ECG management, the club's executives, donors and supporters.
The government will allocate funds in the 2027 Budget to continue the Bank of Ghana's recapitalisation under a long-term programme running until 2032, as part of broader macroeconomic reforms aimed at preserving central bank independence and strengthening economic recovery.
Parliament has approved renewal of the head lease of Regina House in London for another 150 years, a strategic national asset housing the Ghana International Bank and other tenants. The renewal will cost the government £17.25 million.
Ghana has called for urgent reforms to political financing across Africa, warning that growing money influence is undermining democratic integrity, excluding capable leaders, and weakening public trust in institutions. Deputy Minister Thomas Nyarko Ampem told attendees at a regional convening in Accra that rising campaign costs are preventing competent citizens, women, and young people from participating in politics.
The Social Security and National Insurance Trust has launched a Membership Value Programme in partnership with Ecobank Ghana, offering members and pensioners a free SSNIT-branded prepaid Visa card with access to digital healthcare, business discounts, reduced airfares, and cashless payments. The initiative aims to improve members' quality of life during their working years and attract new contributors, particularly from Ghana's informal sector.
The Ghana Gold Board has spent $16.11 billion between January 2025 and May 2026 purchasing gold from licensed artisanal and large-scale miners, as part of efforts to formalise the gold trade and combat smuggling. The Deputy Minister of Finance noted that Ghana lost approximately $11.4 billion to gold smuggling between 2019 and 2023, and Goldbod is working to reverse this trend through a traceability system and formalisation of supply chains.
Artisanal and small-scale miners have supplied about 99.5 percent of all gold purchased by the Ghana Gold Board since its establishment, Deputy Finance Minister Thomas Nyarko Ampem disclosed in Parliament. GoldBod purchased 135.843 metric tonnes of gold between January 2025 and May 2026, with 135.221 metric tonnes originating from the ASM sector.
Ghana's Gold Board generated more than $10 billion from gold exports in 2025 by purchasing, aggregating and exporting 104 metric tonnes from artisanal and small-scale mining, a contribution the Deputy Finance Minister credited with strengthening the cedi by 41 percent and increasing foreign reserves to $13.8 billion by year-end.
Ghana's tax-to-GDP ratio increased to about 14 percent in 2025 from roughly 12.3 percent in 2024, driven by tax administration and public financial management reforms. The government says stronger tax collection is critical to reducing borrowing reliance and supporting long-term growth, though Ghana's tax performance remains below comparable countries.
Ghana's tax-to-GDP ratio increased to about 14 percent in 2025 from roughly 12.3 percent in 2024, reflecting gains from tax administration and public financial management reforms, Deputy Finance Minister Thomas Nyarko Ampem said. Despite the improvement, the ratio remains below that of countries at similar development levels, highlighting the need for continued reforms.
Ghana has officially launched the Ghana Women and Youth Employment and Social Cohesion (GWYESCO) Programme, funded by the African Development Bank, to create more than 30,000 jobs and economic opportunities for women and young people across the country.
Ghana has officially launched the Ghana Women and Youth Employment and Social Cohesion (GWYESCO) Programme, funded by the African Development Bank, aimed at creating more than 30,000 jobs and economic opportunities for women and young people. The initiative, implemented through the Social Investment Fund, seeks to address youth unemployment, promote women's economic empowerment, and strengthen social cohesion in vulnerable communities.
The Deputy Minister for Finance has assured Parliament that the government is safeguarding economic achievements since 2025 and implementing deliberate measures to prevent a return to economic challenges experienced between 2022 and 2024, with the Ministry focusing on fiscal discipline and growth-enhancing investments.
The Government has launched the AgriConnect Compact, a national framework supported by the World Bank aimed at improving food security for nearly three million people and creating more than 2.6 million jobs by 2035 through increased agricultural investment and transformation. The first phase from 2026 to 2030 requires about US$3.5 billion in financing from government, development partners, and the private sector, and prioritises commodities including cocoa, oil palm, rice, maize, and poultry.
The government has launched the Ghana AgriConnect Compact, a major agricultural transformation programme expected to improve food security for nearly three million people and create more than 2.6 million jobs by 2035, requiring an estimated $3.5 billion for its first phase from 2026 to 2030.
Ghana, with World Bank and development partner support, has launched the AgriConnect Compact, a national framework to strengthen food security, create jobs, reduce food imports, and mobilize investment across priority agricultural value chains including cocoa, oil palm, rice, maize, and poultry. In its first phase (2026–2030), the Compact aims to improve food and nutrition security for an estimated 2.99 million people and support the creation of more than 2.6 million jobs by 2035, requiring estimated financing of about US$3.5 billion.
The government, with World Bank Group support, has launched the AgriConnect Compact, a national framework aimed at strengthening food security, creating jobs, reducing food imports, and mobilising investment across priority agricultural value chains including cocoa, oil palm, rice, maize, and poultry. In its first phase from 2026 to 2030, the Compact targets improved food and nutrition security for an estimated 2.99 million people and the creation of more than 2.6 million jobs by 2035, with estimated financing needs of about US$3.5 billion.
The Ministry of Finance has released GH¢1.677 billion to the Ministry of Food and Agriculture in 2026, representing 85 percent of the ministry's approved budget for Goods and Services and Capital Expenditure. The Deputy Minister for Finance said the release demonstrates government commitment to agricultural transformation, food security, and job creation.
The Ministry of Finance has released GH¢1.677 billion to the Ministry of Food and Agriculture in 2026, representing 85% of the ministry's approved budget for Goods and Services and Capital Expenditure. The Deputy Minister for Finance announced the allocation during the launch of Ghana's National Pact for Agricultural Transformation, Food Security, and Employment.
Ghana's Deputy Finance Minister called on investors and development partners to commit long-term capital to transform the rice sector into a major driver of economic growth and food security, saying the government is creating the right policy and macroeconomic environment to attract investment and reduce import dependence.
Vice President Professor Jane Naana Opoku-Agyemang has called on African countries to take greater control of their food systems by investing strategically in agriculture, reducing dependence on food imports and strengthening regional cooperation. She noted that Africa spends more than US$50 billion annually on food imports despite having fertile land and abundant water resources, and stressed that transforming agriculture into a modern commercial industry is essential for job creation and economic growth.
Ghana's government announced a new policy requiring rice importers to demonstrate verifiable partnerships with local rice producers before receiving import permits, aiming to accelerate progress toward self-sufficiency and reduce the import bill.