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*GOVERNMENT PAYS GH¢48.8BN IN COMPENSATION, GH¢10BN TO DOMESTIC BOND HOLDERS, $700M FOR EUROBOND DEBT SERVICE* Government has paid out *GH¢48.8 billion* for compensation of p *GOVERNMENT DEPOSITS GH¢400M, WOMEN'S DEVELOPMENT BANK TO START OPERATIONS BEFORE END OF 2026* Government has deposited *GH¢400 million* as initial capital for the Women's D *GOVERNMENT TO TABLE NEW COCOBOD BILL, GUARANTEES FARMERS 70% OF FOB PRICE AND 50% LOCAL PROCESSING* Government will present a new COCOBOD Bill to Parliament to repeal and r
*GOVERNMENT PAYS GH¢48.8BN IN COMPENSATION, GH¢10BN TO DOMESTIC BOND HOLDERS, $700M FOR EUROBOND DEBT SERVICE* Government has paid out *GH¢48.8 billion* for compensation of p *GOVERNMENT DEPOSITS GH¢400M, WOMEN'S DEVELOPMENT BANK TO START OPERATIONS BEFORE END OF 2026* Government has deposited *GH¢400 million* as initial capital for the Women's D *GOVERNMENT TO TABLE NEW COCOBOD BILL, GUARANTEES FARMERS 70% OF FOB PRICE AND 50% LOCAL PROCESSING* Government will present a new COCOBOD Bill to Parliament to repeal and r
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23/07/2026 • 18:08
*GOVERNMENT PAYS GH¢48.8BN IN COMPENSATION, GH¢10BN TO DOMESTIC BOND HOLDERS, $700M FOR EUROBOND DEBT SERVICE* Gover...
*GOVERNMENT PAYS GH¢48.8BN IN COMPENSATION, GH¢10BN TO DOMESTIC BOND HOLDERS, $700M FOR EUROBOND DEBT SERVICE* Government has paid out *GH¢48.8 billion* for compensation of public sector workers and *GH¢10 billion* to domestic bond holders so far in 2026, as part of efforts to meet key obligations approved in the 2026 Budget. The Minister for Finance, Dr. Cassiel Ato Forson, disclosed this while presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026. "In the spirit of transparency and accountability allow me to live before this house a clear account of some of the expenditure we have made so far to support government program across the sectors approved in the twenty twenty-six budget," he stated. On public sector pay, Dr. Forson gave a breakdown of the compensation bill. "Mr speaker, first to compensate public sector workers an amount of 4.8 billion Ghana cities for compensation of employees has been paid including 4 billion Ghan
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23/07/2026 • 18:08
*GOVERNMENT PAYS GH¢48.8BN IN COMPENSATION, GH¢10BN TO DOMESTIC BOND HOLDERS, $700M FOR EUROBOND DEBT SERVICE* Gover...
*GOVERNMENT PAYS GH¢48.8BN IN COMPENSATION, GH¢10BN TO DOMESTIC BOND HOLDERS, $700M FOR EUROBOND DEBT SERVICE* Government has paid out *GH¢48.8 billion* for compensation of public sector workers and *GH¢10 billion* to domestic bond holders so far in 2026, as part of efforts to meet key obligations approved in the 2026 Budget. The Minister for Finance, Dr. Cassiel Ato Forson, disclosed this while presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026. "In the spirit of transparency and accountability allow me to live before this house a clear account of some of the expenditure we have made so far to support government program across the sectors approved in the twenty twenty-six budget," he stated. On public sector pay, Dr. Forson gave a breakdown of the compensation bill. "Mr speaker, first to compensate public sector workers an amount of 4.8 billion Ghana cities for compensation of employees has been paid including 4 billion Ghan
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23/07/2026 • 18:06
*GOVERNMENT DEPOSITS GH¢400M, WOMEN'S DEVELOPMENT BANK TO START OPERATIONS BEFORE END OF 2026* Government has depos...
*GOVERNMENT DEPOSITS GH¢400M, WOMEN'S DEVELOPMENT BANK TO START OPERATIONS BEFORE END OF 2026* Government has deposited *GH¢400 million* as initial capital for the Women's Development Bank, with the bank expected to commence full operations before the end of 2026. The Minister for Finance, Dr. Cassiel Ato Forson, disclosed this while presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026. "Government has made progress towards the establishment of the Women's Development Bank. On the twenty-sixth of January twenty twenty-six the bank was formally incorporated as WDB Ghana Limited," he stated. Dr. Forson said following incorporation, government applied to the *Bank of Ghana* for the requisite banking license. "Mr speaker following its incorporation government applied to the Bank of Ghana for the requisite banking license to enable the bank commence operations," he told the House. To meet the capital requirement for licensing, the M
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23/07/2026 • 18:04
*GOVERNMENT TO TABLE NEW COCOBOD BILL, GUARANTEES FARMERS 70% OF FOB PRICE AND 50% LOCAL PROCESSING* Government wil...
*GOVERNMENT TO TABLE NEW COCOBOD BILL, GUARANTEES FARMERS 70% OF FOB PRICE AND 50% LOCAL PROCESSING* Government will present a new COCOBOD Bill to Parliament to repeal and replace the Ghana COCOBOD Act 1984, PNDC Law 81, as part of efforts to modernize the governance and financing of the sector. The Minister for Finance, Dr. Cassiel Ato Forson, announced this while presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026. "To modernize the governance and financing of the sector, government will submit a new Cocoa Board Bill to parliament to repeal and replace the Ghana Cocoa Board Act nineteen eighty-four PNDC Law eighty-one," he stated. Dr. Forson said the proposed legislation will introduce a new producer pricing mechanism and guarantee farmers a minimum share of export earnings. "The proposed legislation will introduce a new producer pricing mechanism that aligns producer price with movement in international coco price, exchang
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23/07/2026 • 18:03
*ACCRA-KUMASI EXPRESSWAY CLEARS 70% OF CORRIDOR, TRAVEL TIME TO DROP TO 2 HOURS* The government says it has cleared...
*ACCRA-KUMASI EXPRESSWAY CLEARS 70% OF CORRIDOR, TRAVEL TIME TO DROP TO 2 HOURS* The government says it has cleared *70%* of the corridor for the Accra-Kumasi Expressway, the flagship project under the *Big Push Program*, with the entire route expected to be cleared by the first week of September 2026. The Minister for Finance, Dr. Cassiel Ato Forson, disclosed this while presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026. "The Accra Kumasi Expressway remains the flagship under the Big Push Program. It involves the construction of one seventy-six kilometer. Six lane by directional expressway. Linking Ghana's two largest commercial cities," stated. Dr. Forson said the expressway will cut travel time between the two cities to about two hours when completed. "When completed, Mr Speaker, the expressway will reduce travel time between Accra and Kumasi to about two hours. Improve road safety ease congestion, lower transport cos
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23/07/2026 • 17:50
*GOVERNMENT TO BUILD 1,200MW STATE-OWNED GAS PLANT IN KOMENDA, TARIFFS TO DROP 10-20%* Government is developing a ...
*GOVERNMENT TO BUILD 1,200MW STATE-OWNED GAS PLANT IN KOMENDA, TARIFFS TO DROP 10-20%* Government is developing a 1,200 megawatt state-owned combined cycle gas-fired power plant* in *Komenda*, a project expected to cut electricity tariffs by up to 20% and create over 2,000 jobs. The Minister for Finance, Dr. Cassiel Ato Forson, disclosed this while presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026. "The project developed a thousand two hundred megawatts state owned combined cycle gas fire power plant at in the commander to speak up have confirmed the project viability with environmental engineering and permitting processes progressing steadily,"* he stated. The first phase of the project is scheduled for completion in 2028. "The first six hundred megawatt phase is expected to be commissioned in twenty-eight," Dr. Forson told the House. To reduce costs, government procured the gas turbines directly from GE Vernova, achievi
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23/07/2026 • 17:45
Ato Forson Announces New Ghana Cocoa Board Bill to Reform COCOBOD and Boost Farmer Incomes The Minister for Finance,...
Ato Forson Announces New Ghana Cocoa Board Bill to Reform COCOBOD and Boost Farmer Incomes The Minister for Finance, Hon. Dr. Cassiel Ato Forson, has announced that the government will submit a new Ghana Cocoa Board Bill to Parliament to repeal and replace the Ghana Cocoa Board Act, 1984 (PNDC Law 81) as part of efforts to modernize the governance and financing of the cocoa sector. Presenting the 2026 Mid-Year Budget Review in Parliament, Ato Forson said the proposed legislation will introduce comprehensive reforms aimed at improving financial sustainability, increasing returns to cocoa farmers, and strengthening value addition within the industry. A key feature of the Bill is the introduction of a dynamic producer pricing mechanism, which will align cocoa producer prices with international market prices, exchange rate movements, and prevailing market conditions. The Finance Minister also announced that the proposed law will guarantee cocoa farmers not less than 70% of the gross Fr
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23/07/2026 • 17:42
*GOVERNMENT BUILDS GH¢15.6BN "WAR CHEST" TO REPAY GH¢30BN DDEP DEBT DUE IN 2027* Government has set aside *GH¢15.6 ...
*GOVERNMENT BUILDS GH¢15.6BN "WAR CHEST" TO REPAY GH¢30BN DDEP DEBT DUE IN 2027* Government has set aside *GH¢15.6 billion* in a sinking fund as part of efforts to meet domestic debt obligations falling due in 2027 and 2028, the Minister for Finance, Dr. Cassiel Ato Forson, has announced. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026, Dr. Forson said the amount was accumulated as of *July 22, 2025* under the *2026–2029 Medium Term Debt Management Strategy*. "Under the twenty twenty-six twenty twenty-nine medium term death management strategy we pledge that seven percent of non-ear tax revenue together with proceeds from domestic bond issuance will go into the second fund as a war chest for the twenty-seven and twenty twenty-eight maturities," he stated. The Finance Minister said government is on course to build the fund to *GH¢30 billion by the end of 2026*. "Mr speaker I'm proud to report to this house that after twenty-
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23/07/2026 • 17:41
*GHANA RAISES $2.7BN IN FIRST 7-YEAR CEDI BOND SINCE 2022 DEFAULT AS COUNTRY EXITS "ORIGINAL SIN"* Ghana has success...
*GHANA RAISES $2.7BN IN FIRST 7-YEAR CEDI BOND SINCE 2022 DEFAULT AS COUNTRY EXITS "ORIGINAL SIN"* Ghana has successfully returned to the domestic bond market, raising $2.7 billion through its first 7-year cedi-denominated bond since the 2022 debt default, marking a key step in restoring long-term financing in the local currency. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026, the Minister for Finance, Dr. Cassiel Ato Forson, said the country has overcome what economists call the "original sin" the inability to borrow long term in its own currency. "Mr speaker, Ghana has now overcome what the economies describe as the original sin. Which is the inability of the country to borrow over the long term in its own currency,"he stated. Dr. Forson recalled that following the 2022 public debt default, government could not borrow long term and relied solely on treasury bills to finance the budget. "Mr speaker, following the twenty tw
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23/07/2026 • 17:34
*GHANA'S ECONOMY EXCEEDS $100 BILLION FOR FIRST TIME AS GDP GROWS 6% IN 2025* Ghana’s economy has crossed the *$100...
*GHANA'S ECONOMY EXCEEDS $100 BILLION FOR FIRST TIME AS GDP GROWS 6% IN 2025* Ghana’s economy has crossed the *$100 billion mark for the first time in history*, with real GDP growth hitting *6.0 percent in 2025* the fastest pace of expansion since 2019. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026, the Minister for Finance, Dr. Cassiel Ato Forson, said the results show that discipline, competent economic management and consistent implementation deliver tangible results. "Mr speaker, the results of the last eight months demonstrate that discipline policies, competent economic management and consistent implementation delivers tangible results," he stated. Dr. Forson said non-oil GDP grew by 7.6 percent in 2025, the highest rate in 14 years. "Instructively Mr Speaker non-oil GDP grew by seven points six percent in twenty-five. The highest rate in fourteen years. Demonstrating that Ghana's recovery extends well beyond favo
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23/07/2026 • 17:28
*GOVERNMENT AFFIRMS 2026 MACROECONOMIC TARGETS, RULES OUT SUPPLEMENTARY BUDGET* The Minister for Finance, Dr. Cassie...
*GOVERNMENT AFFIRMS 2026 MACROECONOMIC TARGETS, RULES OUT SUPPLEMENTARY BUDGET* The Minister for Finance, Dr. Cassiel Ato Forson, has affirmed government’s commitment to its 2026 macroeconomic targets and announced that there will be no supplementary budget for the 2026 financial year. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget to Parliament on Thursday, July 23, 2026, Dr. Forson said government is undertaking a strategic realignment of expenditures within the existing appropriations instead of seeking additional funds. *"Right Honourable Speaker, however we are undertaking a strategic realignment of expenditures within the existing appropriations,"* he stated. The Finance Minister said government affirms the following macroeconomic targets for 2026: Overall GDP growth: At least 4.8 percent Non-oil real GDP growth:At least 4.9 percent End-year inflation 8 percent plus or minus 2 percent Primary surplus: 1.5 percent of GDP on commitment basis Gross internation
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23/07/2026 • 17:24
*2022 ECONOMIC CRISIS WAS RESULT OF WRONG POLICY CHOICES - FINANCE MINISTER* The Minister for Finance, Dr. Cassiel ...
*2022 ECONOMIC CRISIS WAS RESULT OF WRONG POLICY CHOICES - FINANCE MINISTER* The Minister for Finance, Dr. Cassiel Ato Forson, says Ghana’s economic crisis in 2022 was not an accident, but the direct result of a series of wrong policy choices by the previous government. Presenting the Mid-Year Fiscal Policy Review of the 2026 Budget in Parliament on Thursday, July 23, 2026, Dr. Forson said the crisis stemmed from reckless spending, excessive and bench borrowing, lack of accountability, and a failure to be truthful with Ghanaians about the true state of the economy. "Mr Speaker, the economic crisis of twenty twenty-two was not merely an accident. It was the consequences of a series of wrong policy choices," he stated. The Finance Minister outlined the severe impact on Ghanaians: The cedi depreciated at levels never seen before, eroding savings, business capital, and purchasing power Inflation exceeded 50 percent, dramatically increasing the cost of living and placing basic necessit
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23/07/2026 • 17:15
Government Builds GH₵15.6 Billion Sinking Fund to Meet Upcoming Debt Obligations – Ato Forson Ghana's Minister for ...
Government Builds GH₵15.6 Billion Sinking Fund to Meet Upcoming Debt Obligations – Ato Forson Ghana's Minister for Finance, Hon. Dr. Cassiel Ato Forson, has announced that the government has accumulated GH₵15.6 billion in its Sinking Fund as part of a proactive strategy to meet major debt repayments due in 2027 and 2028. Presenting the 2026 Mid-Year Budget Review in Parliament, Ato Forson disclosed that the Sinking Fund balance stood at GH₵15.6 billion as of July 22, 2026, in line with the government's 2026–2029 Medium-Term Debt Management Strategy. He explained that under the strategy, 7% of non-oil tax revenue, together with proceeds from domestic bond issuances, is being paid into the dedicated fund to build sufficient reserves ahead of the country's major debt maturities. Ato Forson stated that the government is on course to increase the Sinking Fund to GH₵30 billion by the end of 2026. According to him, the amount will be sufficient to fully settle the GH₵30 billion Domestic