Ministry of Finance and Economic Planning (Ghana) explained

Agency Name:	Ministry of Finance and Economic Planning, Ghana
Formed:	1957
Jurisdiction:	Republic of Ghana
Minister1 Name:	Hon. Mohammed Amin Adam

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.

Departments and agencies

The following are government agencies of the Ministry:

• Securities and Exchange Commission
• Institute of Accountancy Training
• Internal Revenue Service (IRS)
• Value Added Tax Service (VATs)
• Customs, Excise and Preventive Service (CEPS)

The Ministry has the oversight responsibilities with regard to:

• Bank of Ghana (BOG)^[5]
• 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

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^[6]	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

• Economy of Ghana
• Government of Ghana

External links

• Ministry of Finance and Economic Planning
• Ministry of Finance and Economic Planning at Ministries section of Ghana.gov.gh

Notes and References

1. http://www.mofep.gov.gh/about_mission.htm Ministry, Mission
2. http://www.mofep.gov.gh/contact.cfm Ministry, Contacts
3. Web site: Komla Agbeli Gbedemah | the Daily Dose.
4. Web site: Komla Agbeli Gbedemah, Biography . 2023-08-24 . www.ghanaweb.com.
5. Web site: Bank of Ghana, Biography . 2023-07-28 . mobile.ghanaweb.com.
6. Web site: Nana Addo swears in 12 ministers. 28 January 2017. Ghanaweb. Ghanaweb. 16 November 2017.