- Bank of Ghana supports national development efforts within Ghana.
- A roadmap has been launched in Accra, detailing how the Bank of Ghana is central to Ghana's financial system and national development efforts.
- The government has raised funds to support the Bank of Ghana's recapitalization, with Cassiel Ato Forson explaining the broader rebuilding plan.
Ghana's Finance Minister cites improved release of District Assemblies Common Fund
What happened
The Northern Regional Minister, Ali Adolf John, praised Finance Minister Cassiel Ato Forson for improving the release of the District Assemblies Common Fund to Metropolitan, Municipal and District Assemblies in Ghana. He noted that assemblies are now receiving significant releases, which has brought relief to local authorities. John stated that in the past eight years, promised funds often failed to arrive.
From graphic.com.gh
Why it matters
The improved release of the DACF boosts local public spending and regional development in Ghana. This increase in funding access for local assemblies contrasts with difficulties in receiving promised funds over the last eight years.
The government has raised funds to support the Bank of Ghana's recapitalization, and a roadmap has been launched detailing the Bank of Ghana's role in Ghana's financial system.
From graphic.com.gh
Who's involved
- Cassiel Ato ForsonFinance Minister responsible for executing national economic policy in Ghana.
- Ministry of FinanceThe government agency through which Cassiel Ato Forson executes policy.
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The entities involved
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Ghana
country in West Africa
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Cassiel Ato Forson
Ghanaian politician and Minority Leader
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