Latest news with #ThomasNyarkoAmpem
Zawya
2 days ago
- Business
- Zawya
Deputy Finance Minister Inaugurates Venture Capital Trust Fund Board
The Deputy Minister for Finance, Hon. Thomas Nyarko-Ampem, has inaugurated a new Governing Board for the Venture Capital Trust Fund (VCTF). He noted that the Trust Fund was established to address a critical gap in the country's financial architecture and remains a strategic investment for national development. He then urged the board to identify the right businesses and innovative ideas that can drive economic growth and help develop the country. Board Chairman, Dr. Daniel K. Seddoh, expressed appreciation to government for the opportunity to serve and pledged that the team will work to fulfil its mandate in line with the Trust Fund's strategic objectives. Members of the Venture Capital Trust Fund Board: 1. Dr. Daniel K. Seddoh – Chairperson 2. Mr. Michael Abbey – Administrator of the Trust Fund / Member 3. Ms. Emmanueler Ewurabena Quaye – Ministry of Finance Representative / Member 4. Ms. Alimatu Issahak – Ministry of Private Sector Development Representative / Member 5. Mr. Kisseih Antonio – Ghana Securities Industry Association Representative / Member 6. Mr. Victor Yaw Asante – Ghana Association of Bankers Representative / Member 7. Mr. Henry Bukari – Ghana Insurers Association Representative / Member 8. Ms. Evelyn Mawuse Amesame – Formal Sector Representative / Member 9. Nana Okokodurfo Ogyeabo Kwamena Hamma Ababio VII – Informal Sector Representative / Member Distributed by APO Group on behalf of Ministry of Finance - Republic of Ghana.
Zawya
2 days ago
- Business
- Zawya
Deputy Finance Minister Inaugurates New Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Ltd. (GIRSAL) Board
The Deputy Minister for Finance, Hon. Thomas Nyarko-Ampem, has inaugurated a new Governing Board for the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Ltd. (GIRSAL). He congratulated the board members and reminded them of GIRSAL's strategic role in transforming the agricultural sector. He also urged them to remain committed to delivering results, as agriculture remains central to government's development agenda. The Board Chairperson, Prof. Richard Jinks Bani, thanked President John Dramani Mahama for the nomination and assured the Minister that the board will work to make agriculture more inclusive. He noted that the members are prepared to serve with integrity and deliver on their mandate. Members of the GIRSAL Board: 1. Prof. Richard Jinks Bani – Chairperson 2. Mr. Nicholas Afrifa – Chief Executive Officer 3. Dr. Kwesi Korboe – Member 4. Ms. Alberta Akosa – Member 5. Mr. Agbesi Kwadzo Dzakpasu – Member 6. Mr. William Wilson Asbleke – Member 7. Ms. Faustina Effah-Boadi – Member Distributed by APO Group on behalf of Ministry of Finance - Republic of Ghana.
Zawya
2 days ago
- Business
- Zawya
Seven Member Ghana Amalgamated Trust Board inaugurated
The Deputy Minister for Finance, Hon. Thomas Nyarko-Ampem, has inaugurated a new Governing Board for the Ghana Amalgamated Trust PLC (GAT), expressing confidence that the members will deliver on their mandate, given their collective experience and expertise. He further underscored government's commitment to protecting the banking sector, stressing that this administration has chosen to invest in saving banks rather than spending over 30 billion cedis to collapse them. Board Chairperson Dr. Kwabena Donkor pledged the board will work to create a financially sustainable banking sector, ensuring profitability and delivering dividends. Members of the Ghana Amalgamated Trust PLC Board: Dr. Kwabena Donkor – Chairperson Mr. Abraham Tetteh – Managing Director Hon. Joseph Appiah Boateng, MP – Member Mr. Benjamin Dabrah – Member Mr. Benjamin Komla Kpodo – Member Mr. Kotobridja Francis Ploughman – Member Hon. Nicholas Amankwah, MP – Member Distributed by APO Group on behalf of Ministry of Finance - Republic of Ghana.
Business Insider
02-07-2025
- Business
- Business Insider
IMF to disburse $370M to Ghana after fourth programme review
The Executive Board of the International Monetary Fund (IMF) is expected to consider the fourth review of Ghana's $3 billion Extended Credit Facility (ECF) programme on Monday, 7 July 2025, in Washington, D.C., USA. The IMF Executive Board will review Ghana's $3 billion ECF programme in Washington, DC on July 7, 2025. Ghana has met all necessary benchmarks for the fourth review, paving the way for a $370 million disbursement. Ghana's Parliament has ratified a $360 million financing agreement with the World Bank for developmental initiatives. Ghana meets all conditions ahead of review According to sources close to the process, Ghana has fulfilled all necessary benchmarks required for the fourth review, positioning the country to receive the next disbursement of $370 million. All relevant documentation has reportedly been submitted in line with the Fund's four-day processing window leading up to the meeting. This follows the staff-level agreement reached between the IMF and the Government of Ghana in April 2025, which confirmed that Ghana had achieved its programme targets for the review period. The IMF is widely expected to approve the review and disburse the funds by 11 July 2025. Once completed, Ghana will have received a cumulative $2.3 billion under the ongoing programme, out of the total $3 billion earmarked to be disbursed over three years. World Bank Approves $360m to Support Ghana's Recovery In a related development, Ghana's Parliament has ratified a $360 million financing agreement with the International Development Association (IDA) of the World Bank. The facility forms part of the Second Resilient Recovery Development Policy Financing (DPO2) initiative. The agreement was presented to Parliament on Tuesday, 1 July 2025, by Deputy Finance Minister Thomas Nyarko Ampem. The World Bank funding is expected to support a broad range of government priorities, including enhancing livelihoods, accelerating economic growth, curbing inflation, sustaining macroeconomic stability, and promoting a broad-based recovery.
