finance ministry
The finance ministry is a government department responsible for managing national finances and economic policy.
Activity
Ghana GES to pay 16 months of teacher salary arrears in phased installments by August 2026
The Ghana Education Service will disburse salary arrears for newly recruited teachers covering 16 months from August 2024 to November 2025. Payments will be made in four installments from May to August 2026, aiming to boost morale and improve educational outcomes.
Philippines' DOF justifies limited fuel tax suspension due to revenue concerns
The Philippines' Department of Finance supports President Marcos's decision to limit fuel tax suspension mainly to LPG, citing financial risks. This decision underscores ongoing debates over fiscal policies and economic relief efforts.
Ghana to Begin 17-Month Teacher Salary Arrears Payment in May 2026
The Ghanaian government announced it will start paying 17 months of unpaid teachers' salaries in May 2026 through phased installments. This move follows protests and demands from teachers and their representatives, seeking resolution to ongoing salary arrears.
Malaysia Maintains RM2.15 Diesel Price in Sabah, Sarawak Amid Regional Dependency
The Malaysian government has maintained the diesel price at RM2.15 per litre in Sabah, Sarawak, and Labuan due to their dependence on diesel for electricity and transport. Officials are also reviewing subsidy systems and increasing biodiesel blends to reduce reliance and combat smuggling.
Malaysia Maintains Fuel Subsidies Despite Global Oil Price Surge
The government will maintain subsidized fuel prices despite global crude oil surges, citing an averaging method over recent weeks. This policy aims to stabilize prices and curb smuggling by implementing purchase limits and increasing cash aid, but ongoing high costs could pressure future subsidy decisions.
Ghana's IEAG and Finance Ministry Back Publican AI System After Addressing Concerns
The Ghanaian Importers and Exporters Association and Ministry of Finance have publicly backed the Publican AI system after addressing previous concerns. This support is a decisive step towards modernizing customs operations and improving port efficiency.
Pakistan Warns Rising Oil Prices from US-Israel Conflict Threaten Economic Stability
The Pakistani finance ministry warns that rising global oil prices caused by US-Israel tensions with Iran could impact the country's economy. Officials remain cautiously optimistic due to strong remittance flows and industrial growth, with measures in place to protect economic stability.
Philippine President Marcos to Decide on Oil Tax Cuts by April 13
Philippine President Ferdinand Marcos Jr. may suspend or reduce fuel excise taxes by April 12 or 13 to ease rising oil prices. The move is in response to economic pressure from the Middle East crisis and is supported by government advisories.
Malaysia’s Monthly Fuel Subsidies Reach RM4 Billion Amid Oil Price Surge
Malaysia’s monthly fuel subsidy cost surged to RM4 billion under BUDI95 and BUDI Diesel schemes due to rising crude oil prices. The government’s move to reduce BUDI95 eligibility seeks to control spending and ensure stable fuel supplies.
Tourism Ministry Consults Finance on Diesel Price Impact for Tourism Transport
The Tourism Ministry has begun talks with the Finance Ministry to address how rising diesel prices impact tourism transport. The initiative seeks to develop measures that stabilize the sector amid economic pressures heading into Visit Malaysia Year 2026.
Thailand Finance Ministry Plans Tax Cuts to Boost SME Inclusion in Supply Chains
The Thailand Finance Ministry is developing tax reduction plans targeting large firms to encourage SME participation in supply chains. These measures aim to enhance SME growth and strengthen the national economy through increased business collaboration.
Malaysia Raises RON97 and Diesel Prices Amid Middle East Conflict, Keeps RON95 Subsidised
Malaysia has raised RON97 petrol and diesel prices amid Middle East conflict-driven market volatility. It maintains the subsidised RON95 price at RM1.99 to shield lower-income groups from steep fuel cost increases.