[ad_1] As Ghana prepares for life after its International Monetary Fund (IMF) program, the Fund says its relationship with the country will not end with the exit from the Extended Credit Facility. Speaking on Joy News’ PM Express Business Edition on Thursday, the IMF Resident Representative in Ghana, Dr. Adrian Alter, said the Fund will…
[ad_1] Ghana has secured the International Monetary Fund’s (IMF) Board approval for the second review of the IMF-supported post-COVID-19 Programme for Economic Growth (PC-PEG). This allows for the immediate disbursement of SDR 269.1 million (about US$360 million) to Ghana. According to the IMF, Ghana’s performance under the programme has been generally strong. The Bretton Woods…
[ad_1] Economist Dr. Nii Moi Thompson has raised concerns that the International Monetary Fund’s (IMF) programme is having a detrimental impact on Ghana’s economy, causing more harm than good. He painted a grim outlook, suggesting that the IMF’s intervention, intended to alleviate the country’s economic woes, is instead exacerbating existing problems and worsening the crisis….
[ad_1] Ghana’s plan to restructure $13 billion of Eurobond debt rejected last month by the International Monetary Fund is back on track, thanks to stronger-than-expected economic growth in the West African nation. The IMF informed Ghana in April that its proposal did not meet a key debt sustainability requirement. But 2023 growth was almost double…
[ad_1] The International Monetary Fund (IMF) released its April 2024 Regional Economic Outlook for Sub-Saharan Africa, highlighting a gradual improvement and uptick in economic activity. The IMF projects that growth in the region will rise from 3.4% in 2023 to 3.8% in 2024, with recovery expected to continue beyond this year, reaching 4.0% in 2025….
[ad_1] Ghana’s Finance Minister, Dr Mohammed Amin Adam, has revealed that the International Monetary Fund (IMF) is pleased and optimistic about Ghana’s economic performance. He reassured Ghanaians that the government will continue to strive for excellence in managing the economy. “I can tell you that the fund is pretty happy and they are very positive…
[ad_1] Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has criticized the Akufo-Addo government for its dependence on funds from the International Monetary Fund (IMF), World Bank, and other donor agencies to strengthen the local currency. He labelled the government’s heavy reliance on foreign aid, including Eurobonds and cocoa…
[ad_1] Ghana is set to undergo its second review of the three-year, $3 billion IMF-supported post-COVID-19 Programme for Economic Growth (PC-PEG). Commencing today, Tuesday, April 2, 2024, this review comes on the heels of the successful completion of the first review earlier in January. Over the weekend, the mission staff from the IMF arrived in…
[ad_1] President Nana Addo Dankwa Akufo-Addo has stated that Ghana’s decision to seek a balance of payment support from the International Monetary Fund (IMF) has yielded positive results. He attributes the recent decline in inflation and the stability of the local currency to the IMF support programme. Addressing a meeting with visiting IMF Managing Director…
[ad_1] The International Monetary Fund (IMF) has congratulated Dr. Mohammed Amin Adam following his appointment as Finance Minister. In a congratulatory message, Kristalina Georgieva, the Managing Director of the IMF, urged Dr Adam to spearhead efforts to restore stability to Ghana’s economy. Georgieva assured him of the Fund’s unwavering commitment to fostering constructive engagement and…
