Agency overview | |
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Formed | 1957 |
Jurisdiction | Republic of Ghana |
Headquarters | Ghana |
Minister responsible |
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Website | Official website |
Constitution |
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Africaportal Politicsportal |
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. [1]
The main offices of the Ministry are located in Accra. [2]
Komla Agbeli Gbedemah was the first Finance Minister of independent Ghana under Kwame Nkrumah [3] [4] between 1954 and 1961.
In the 2022 budget reading, Ken Ofori Atta made it known that the government had decided a 1.75% rate of the E-levy on all transactions. [5]
[6] The following are government agencies of the Ministry:
The Ministry has the oversight responsibilities with regard to:
Divisions under the ministry include:
The first Ghanaian to head this ministry is Komla Agbeli Gbedemah who assumed this position in 1954 when the Britain allowed Kwame Nkrumah to form a government prior to gaining full independence in 1957. The Ministry has at various times been designated as Ministry of Finance or as it is currently, the Ministry of Finance and Economic Planning.
Francis Kwame Nkrumah was a Ghanaian politician, political theorist, and revolutionary. He served as Prime Minister of the Gold Coast from 1952 until 1957, when it gained independence from Britain. He was then the first Prime Minister and then the President of Ghana, from 1957 until 1966. An influential advocate of Pan-Africanism, Nkrumah was a founding member of the Organization of African Unity (OAU) and winner of the Lenin Peace Prize from the Soviet Union in 1962.
The Ministry of Finance is a cabinet-level ministry of the government of Pakistan that is in charge of government finance, fiscal policy, and financial regulation. A Finance Minister, an executive or cabinet position heads it. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
Komla Agbeli Gbedemah was a Ghanaian politician and Minister for Finance in Ghana's Nkrumah government between 1954 and 1961. Known popularly as "Afro Gbede", he was an indigene of Anyako in the Volta Region of Ghana.
The Ministry of Finance is a Swedish government ministry responsible for matters relating to economic policy, the central government budget, taxes, banking, security and insurance, international economic work, central, regional and local government.
The National Liberation Council (NLC) led the Ghanaian government from 24 February 1966 to 1 October 1969. The body emerged from a coup d'état against the Nkrumah government carried out jointly by the Ghana Police Service and Ghana Armed Forces with collaboration from the Ghana Civil Service.
William Ofori Atta, popularly called "Paa Willie", was a Ghanaian founding member of the United Gold Coast Convention (UGCC) and one of the founding fathers of Ghana as one of "The Big Six" detained by the British colonial government in the then Gold Coast. He later became a Minister for Foreign Affairs in Ghana's second republic between 1971 and 1972.
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
Political corruption in Ghana has been common since independence. Since 2017, Ghana's score on Transparency International's Corruption Perceptions Index has improved slightly from its low point that year, a score of 40 on a scale from 0 to 100. Ghana's score rose to 43 by 2020 and has remained there until the present, 2023. When ranked by score among the 180 countries in the 2023 Index, Ghana ranked 70th, where the country ranked first is perceived to have the most honest public sector. For comparison with worldwide scores, the best score was 90, the average score was 43, and the worst score was 11. For comparison with regional scores, the average score among sub-Saharan African countries was 33. The highest score in sub-Saharan Africa was 71 and the lowest score was 11.
General elections were held in Gold Coast on 8 February 1951. Although elections had been held for the Legislative Council since 1925, the Council did not have complete control over the legislation, and the voting franchise was limited to residents of urban areas meeting property requirements and the councils of chiefs. The 1951 elections were the first in Africa to be held under universal suffrage.
From 1966 to 1979, the nation of Ghana underwent a turbulent era as the Second Republic of Ghana. It began when the government of Kwame Nkrumah was overthrown on February 24, 1966 by a military coup.
The Ministry of Finance, Planning and Economic Development (MoFPED) is a cabinet-level government ministry of Uganda. Its mandate is to formulate sound economic and fiscal policies, mobilize resources for the implementation of government programmes, disburse public resources as appropriated by Parliament, and account for their use in accordance with national laws and international best practices. The cabinet minister of finance is Matia Kasaija. MoFPED was created by the 1995 Constitution of Uganda and derives its power from the Constitution and related acts of parliament, including the 2001 Budget Act and the 2003 Public Finance and Accountability Act. The current Director of Economic Affairs in the Ministry of Finance, Planning and Economic Development of Uganda is Lawrence Kiiza.
The University College of Management Studies is a private university college in Accra and Kumasi, Ghana. The school is affiliated with the School of Business of Kwame Nkrumah University of Science and Technology, Kumasi and the University of Education Winneba, Kumasi Campus.
Anyako is a town in the Volta Region of Ghana. It is bordered at the south by the Keta Lagoon. The inhabitants of the town mainly belong to the Ewe tribe. Tracing its establishment to a settlement founded by the Anlos during the migration from Notsie in present-day Togo. The town is the birthplace of Ghanaian-American artist El Anatsui. The town has had little to no growth over the past thirty years due to sea erosion which affected commercial activities.
The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana.
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
The Minister for Finance and Economic Planning is the Ghanaian government official responsible for the Ministry of Finance of Ghana. The Minister for Finance since February 2024 is Mohammed Amin Adam. Kwesi Botchwey stayed in office the longest, first under Jerry Rawlings as Secretary for Finance in the PNDC military government and then as Minister for Finance in the constitutionally elected Rawlings government at the beginning of the Fourth Republic and was in charge of the Economic Recovery Programme under the auspices of the World Bank which oversaw major economic reform in Ghana.
Archibald "Archie" Casely-Hayford was a British-trained Ghanaian barrister and politician, who was involved in nationalist politics in the former Gold Coast. Having joined the Convention People's Party (CPP), in 1951 he was elected Municipal Member for Kumasi and was appointed by Kwame Nkrumah Minister of Agriculture and Natural Resources in the government of the First Republic. When Nkrumah declared Ghana's Independence on 6 March 1957, he was photographed on the podium flanked by Casely-Hayford, together with Kojo Botsio, Komla Agbeli Gbedemah, Nathaniel Azarco Welbeck and Krobo Edusei.
National Lottery Authority (NLA) is a statutory agency in Ghana, and it operates under the Ministry of Finance. As a governmental organization, the NLA is responsible for organizing raffles for the nation, providing an opportunity to win prizes, thereby making life more enjoyable and better for everyone, regardless of their financial circumstances. The board of the NLA oversees the activities of the organization, headed by the chairperson, one representative of the Ministry of Interior, one representative of the Ministry of Finance, another representative of the Attorney General's Department, two Government appointees, and the Director General.
Kwaku Agyemang-Manu a Ghanaian politician. He is the Member of Parliament for Dormaa Central and was Ghana's Minister of Health between January 2017 and February 2024. He is a Chartered Management Accountant and obtained a Bachelor of Arts in Economics and Statistics from the University of Ghana in 1989.
Kofi Badu was a Ghanaian politician and journalist. He served as a member of parliament during Ghana's first republic and a minister of state during the Supreme Military Council (SMC) era and the Armed Forces Revolutionary Council (AFRC) era. As a journalist, he was editor for various newspapers.
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