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  The Minister of Finance, Mr Ken Ofori-Atta has been explaining why the government was establishing the Development Bank of Ghana. The Ministry of Finance has signed an agreement with the European Investment Bank (EIB) for €170 million for the establishment of Development Bank Ghana (DBG). The signing became possible after a meeting between President Nana Addo Dankwa Akufo-Addo and the President of the EIB, Dr Werner Hoyer, during the former’s official visit to Belgium. According to Dr Hoyer, the facility was the highest provided by the bank for the establishment of a development bank o...

Speaking at the signing ceremony, President Akufo-Addo noted that "the Development Bank Ghana is going to play a very important part in the rapid economic transformation of Ghana, following the onset of COVID-19." According to him, "We want to restructure the economy and move it from being a mere producer and exporter of raw materials to one that places much greater emphasis on value addition activities. We see this Bank (DBG) as one that will play a pivotal role in this." The President indicated that the design and operation of the Bank, "which has been on the drawing...

Graphic Online BY: Yaw K. Dei 705 The role of a Minister for Finance requires someone with an appreciation of economics as well as the practical understanding of how an economy works, a deep understanding of financial markets and public finance; and for a developing country like Ghana, someone with market credibility at both the domestic and international levels. These create the respect and trust necessary for the Minister to work with relevant stakeholders on Ghana’s development agenda. One must also be mindful of the fact that a Finance Minister must be able to protect the public purse ...

As the year 2020 ends Pulse Ghana takes a look at some of the highs of Mr. Ofori Atta in the year in review. The Finance Minister is on record to have stated that African countries need a debt standstill to free up funds to revitalize economies battered by the coronavirus pandemic. So in the midst of the coronavirus pandemic, Ghana's finance minister managed to pull off the following; #1 Free water and electricity for Ghanaians during the peak of COVID-19 The Minister of Finance, Mr Ken Ofori-Atta in July 2020 announced that all life-line customers will enjoy ...