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The Ministry of Finance and Economic Planning is the government ministry responsible for the economic and monetary health of Ghana. The Ministry is involved with economic planning , fiscal policy , national accounting , the national budget , and creating an environment for investment and growth.
Easy access to government-held data reduces risks and transaction costs in the economic sector, thus reducing barriers to growth. Citizen inclusion and participation in government agenda have been historically low in developing countries, particularly due to lack of information and infrastructure.
The Government of Ghana has publicly committed to ensuring that government officials do not use their positions to enrich themselves. Official salaries, however, are modest, especially for low-level government employees, and such employees have been known to ask for a "dash" (tip) in return for assisting with license and permit applications. [8]
The Finance Minister of Ghana Mr Ofori-Atta's in April 2017 issued a US$2.25 Billion bond. [46] The minority in Parliament, National Democratic Congress called for a probe into the bond for lack of transparency, a tendency of the bond affecting the welfare of Ghanaians and a possible conflict of interest involving the Finance Minister. [47]
The right to information Bill is implicit in the notion that the Ghanaian taxpayers need to have access to information concerning what government does with their money and what government plans to do on their behalf (Daily Graphic, 21 July, 2017a). The bill is meant to ensure Ghanaians have access to governance or official information from ...
Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services. [1] Those who involuntarily have no or only limited access to financial services are referred to as the unbanked or underbanked, respectively.
The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016.
The Finance Minister stated in his report that the Government spent about 54.3 million Ghana cedis to provide cooked and uncooked food to the vulnerable during the 3-week lockdown. [36] The Government stated that it would provide free electricity and water for the rest of 2020 [37] and for the first three months of 2021.