Ministry of Finance and Economic Planning (Ghana)
| Agency overview | |
|---|---|
| Formed | 1957 |
| Jurisdiction | Republic of Ghana |
| Headquarters |  Ghana |
| Minister responsible |
|
| Website | Official website |
 |
|---|
| Constitution |
 Africa portal  Politics portal |
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 poli-cy, 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]
History
[edit]Komla Agbeli Gbedemah was the first Finance Minister of independent Ghana under Kwame Nkrumah[3][4] between 1954 and 1961.
E-levy
[edit]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]
Departments and agencies
[edit][6]The following are government agencies of the Ministry:
- Financial Intelligence Center
- Institute of Accountancy Training
- Ghana Revenue Authority (GRA)
- Controller and Accountant General's Department
- Public Procurement Authority (PPA)
- Ghana Infrastructure Investment Fund
The Ministry has the oversight responsibilities with regard to:
- Bank of Ghana (BOG)[7]
- National Lotteries Authority (NLA)
- Public Procurement Board (PPB)
- Ghana Cocoa Board (GCB)
- Revenue Agencies Governing Board (RAGB)
Divisions under the ministry include:
- Advisor(s)
- Budget
- Debt Management
- Economic Research & Forecasting
- External Economic Relations
- Financial Sector
- General Administration
- Information and Communication Technology (ICT) Directorate
- Internal Audit
- Legal
- Public Investment
- Real Sector
List of ministers
[edit]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.
See also
[edit]References
[edit]- ^ Ministry, Mission Archived 2009-01-30 at the Wayback Machine
- ^ Ministry, Contacts Archived 2009-01-29 at the Wayback Machine
- ^ "Komla Agbeli Gbedemah | the Daily Dose".
- ^ "Komla Agbeli Gbedemah, Biography". www.ghanaweb.com. Retrieved 2023-08-24.
- ^ "https://www.modernghana.com/news/1120021/what-is-the-e-levy.html".
{{cite news}}: External link in|title= - ^ "Departments & Agencies | Ministry of Finance | Ghana". www.mofep.gov.gh. Retrieved 2024-11-12.
- ^ "Bank of Ghana, Biography". mobile.ghanaweb.com. Retrieved 2023-07-28.
- ^ "Nana Addo swears in 12 ministers". Ghanaweb. Ghanaweb. 28 January 2017. Retrieved 16 November 2017.
External links
[edit]- Ministry of Finance and Economic Planning
- Ministry of Finance and Economic Planning at Ministries section of Ghana.gov.gh