Agency overview | |
---|---|
Formed | 1957 |
Jurisdiction | Republic of Ghana |
Headquarters | Ghana |
Minister responsible |
|
Website | Official website |
Constitution |
---|
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.
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 and winner of the Lenin Peace Prize from the Soviet Union in 1962.
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 Department of Finance is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public sector debt, and the rationalization, privatization and public accountability of corporations and assets owned, controlled or acquired by the government.
The Israeli Ministry of Finance is the main economic ministry of the Government of Israel. It is responsible for planning and implementing the Government's overall economic policy, as well as setting targets for fiscal policy, preparing the draft State Budget and monitoring implementation of the approved budget. The ministry also manages state revenues, collects direct and indirect taxes and promotes nonresident investments. In addition, the ministry conducts economic relations with foreign governments, economic organizations and the international community. The ministry regulates the state owned companies sector and the capital market, savings and insurance. The ministry is also responsible for auxiliary units for government ministries in motor vehicles, computer services, printing and government procurement.
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, centre and state finances, and the Union Budget.
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.
Ghana gained independence from the British on 6 March 1957. It is a member of the Commonwealth of Nations. The country became a republic on July 1, 1960.
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 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 January 2017 has been Ken Ofori-Atta, co-founder and former Chairman of the Databank Group in Ghana. He was appointed by President Akufo-Addo following the Ghanaian general election in December 2016. 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.
Amon Nikoi, born Seth Amon Nikoi, was a Ghanaian economist and diplomat. He was the Permanent Representative of Ghana to the United Nations between 1957 and 1960 as well as the Governor of the Bank of Ghana from 16 March 1973 to June 1977. He had a stint as the Finance minister and a presidential advisor between September 1979 to May 1981 under Hilla Limann during the Third Republic.
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.
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Somalia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Somali federal budget to the Parliament.
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.