62 m. ago Ghana’s US$360 Million World Bank Facility: Unpacking Budget Support

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-us360-million-world-bank-facility-unpacking-budget-support/Ghana’s recent $360 million World Bank disbursement sparked public debate over its purpose and classification. The Ministry of Finance’s designation of the funds as “budget support” requires clear explanation to address confusion and ensure transparency. Budget support refers to direct financial transfers to a government’s central account, distinct from project-specific funding. The World Bank’s International […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-us360-million-world-bank-facility-unpacking-budget-support/

Economics

69 h. ago Finance Ministry to consider increasing withholding tax threshold on supply of goods, services and works

Daniel Nuer of Ghana’s Ministry of Finance has intimated that the Ministry will consider the request for an upward review of the threshold of Withholding Tax (WHT) deductions on the supply of goods, services, and works during the review of the Income Tax Act. The WHT rates are 3% for goods, 7.5% for services, and […]

Economics

4 d. ago OSP declares former Finance Ministry Advisor wanted over SML corruption probe

The Office of the Special Prosecutor (OSP) has declared Ernest Darko Akore, a former Chef de Cabinet (Technical Advisor) at the Finance Ministry, wanted over his alleged involvement in corruption-related offences. In a public notice issued on Wednesday, July 16, 2025, the OSP stated that Mr. Akore is being sought in connection with an ongoing […]

Politics

6 d. ago Local Government Ministry pays allowances to over 9000 assembly members

The Ministry of Local Government, Chieftaincy and Religious Affairs has disbursed GH¢23.6 million out of the GH¢25 million released by the Finance Ministry to settle allowances owed to assembly members.

Politics

1 week ago Preserve integrity of fiscal policy adjustment to bolster economic recovery – IMF to government

It commended the government (Ministry of Finance and Bank of Ghana) for making headway on their public debt restructuring, highlighting the Memorandum of Understanding (MoU) with Ghana’s Official Creditors Committee (OCC) under the G20 Common Framework.  The focus is now on finalising the bilateral agreements to implement the MoU.

Politics

2 w. ago Government to spend $1.4bn in 2025 in servicing debt to Eurobond holders

The government has announced plans to spend US$1.4 billion next year in servicing debt to Eurobond holders. This was contained in a statement issued by the Ministry of Finance. The Ministry confirmed that it had finalised the third tranche payment of US$349 million to investors on July 3, 2025. The announcement confirmed an earlier story […]

Economics