Ministry of Finance and Economic Planning (Ghana)

Ministry of Finance and Economic Planning, Ghana
Agency overview
Formed1957
JurisdictionRepublic of Ghana
Headquarters Ghana
Minister responsible
WebsiteOfficial website
Politics of Ghana
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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.[1]

The main offices of the Ministry are located in Accra.[2]

History

Komla Agbeli Gbedemah was the first Finance Minister of independent Ghana under Kwame Nkrumah[3][4] between 1954 and 1961.

E-levy

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

[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:

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

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.

Number Minister Took office Left office Government Party
1 Komla Agbeli Gbedemah (MP)

(First Ghanaian in this position)

1954 1957 Colonial government Convention People's Party
1957 1961 Nkrumah government
2 Ferdinand Koblavi Dra Goka (MP) 1961 1964
3 Kwesi Amoako-Atta (MP) 1964 1966
4 Akwasi Afrifa
Emmanuel Noi Omaboe 		1966 1969 National Liberation Council Military government
5 Joseph Henry Mensah (MP) 1969 1972 Busia government Progress Party (Ghana)
6 Ignatius Kutu Acheampong 1972 ? National Redemption Council Military government
7 Amon Nikoi ? ?
8 Robert K. A. Gardiner 14 October 1975 May 1978 Supreme Military Council (Ghana)
9 J. L. S. Abbey ? 1979
1979 1979 Armed Forces Revolutionary Council
10 Amon Nikoi 1979 1981 Limann government People's National Party
11 George Benneh May 1981 December 1981
12 Kwesi Botchwey 1982 1993 Provisional National Defence Council Military government
1993 1995 Rawlings government National Democratic Congress
13 Richard Kwame Peprah 1995 2001
14 Yaw Osafo-Maafo 2001 2005 Kufuor government New Patriotic Party
15 Kwadwo Baah Wiredu 2005 2007
16 Anthony Akoto Osei 2007 2009
17 Kwabena Duffuor 2009 2012 Mills government National Democratic Congress
2012 2013 Mahama government
18 Seth Terkper 2013 6 January 2017
19 Ken Ofori-Atta[8] 27 January 2017 14 February 2024 Akufo-Addo government New Patriotic Party
20 Mohammed Amin Adam 14 February 2024 Incumbent New Patriotic Party

See also

References

  1. ^ Ministry, Mission Archived 2009-01-30 at the Wayback Machine
  2. ^ Ministry, Contacts Archived 2009-01-29 at the Wayback Machine
  3. ^ "Komla Agbeli Gbedemah | the Daily Dose".
  4. ^ "Komla Agbeli Gbedemah, Biography". www.ghanaweb.com. Retrieved 2023-08-24.
  5. ^ "https://www.modernghana.com/news/1120021/what-is-the-e-levy.html". {{cite news}}: External link in |title= (help)
  6. ^ "Departments & Agencies | Ministry of Finance | Ghana". www.mofep.gov.gh. Retrieved 2024-11-12.
  7. ^ "Bank of Ghana, Biography". mobile.ghanaweb.com. Retrieved 2023-07-28.
  8. ^ "Nana Addo swears in 12 ministers". Ghanaweb. Ghanaweb. 28 January 2017. Retrieved 16 November 2017.