#MinistryofFinance

The Ministry of Finance has debunked rumours ongoing on social media that Ghana's finance minister Ken Ofori-Attah has resigned from his post. The Ministry in a statement noted that the Finance Minister has not resigned as he is focused on his mandate given him by His Excellency the President to serve Ghanaians. “The Ministry wishes to assure the general public that there is no truth in these rumours. Mr Ken Ofori-Atta is at post and focused on his mandate, given to him by His Excellency the President, to serve the…

The Ministry of Finance (MoF) has detailed that it used a whopping amount of GHC827.60 million of the unspent Annual Budget Funding Amount (ABFA) to somewhat meet the deficiency in ABFA receipts brought about by the effect of the COVID-19 pandemic and its related consequences for crude oil prices worldwide, the 2020 yearly report gave by the Public Interest and Accountability Committee (PIAC) states. This is at difference with the arrangements of the Act which set up the Ghana Stabilization Fund to pad the effect on or…