[ad_1] The Finance Ministry has announced that Ghana will receive the second tranche of $600 million from the International Monetary Fund (IMF) anytime soon. According to Finance Minister, Ken Ofori-Atta, the IMF has approved all required financing assurances from Ghana’s Official Creditors. He explained that the IMF board’s approval of the first review of Ghana’s…
[ad_1] The Government of Ghana has announced that it has reached an agreement with its Official Creditors under the G20 Common Framework, marking a significant step towards restoring the country’s long-term debt sustainability. The agreement, which goes beyond the Debt Service Suspension Initiative, follows the successful completion of the Domestic Debt Exchange Program in…
[ad_1] The International Monetary Fund (IMF) has made it clear to the Government of Ghana that it cannot impose or intensify import restrictions for balance of payments purposes. This is an agreement contained in the IMF bailout package which has pledged to support Ghana’s balance of payment with some $3 billion between 2023 and 2026….
[ad_1] The International Monetary Fund (IMF) is a key player in global finance, offering monetary assistance to governments suffering economic difficulties. However, these loans from the IMF can have deep and varied effects on their economy. These effects are felt in some parts of Africa, particularly in regions where the debt is unsustainable. Typically as…
[ad_1] The International Monetary Fund (IMF) is a key player in global finance, offering monetary assistance to governments suffering economic difficulties. However, these loans from the IMF can have deep and varied effects on their economy. These effects are felt in some parts of Africa, particularly in regions where the debt is unsustainable. Typically as…
[ad_1] Dr Patrick Asuming, a lecturer in Finance and Economics at the University of Ghana, has labelled Ghana’s recent programme with the International Monetary Fund (IMF) as the most costly to ordinary Ghanaians. He expressed concerns over the sacrifices the programme imposed on Ghanaians, describing them as unbearable and problematic. Participating in a panel discussion…
[ad_1] The government of Ghana resisted going to the IMF for months until its economic crisis degenerated to the point of imminent catastrophe. But once it did, one fine day in July 2022, it pursued the program with the enthusiasm and zeal of a Pentecostal convert. And been well rewarded for it. In its latest assessment of the program…
[ad_1] The Minister of Information, Kojo Oppong Nkrumah has clarified that the fundamental problems of Ghana’s economy are not expected to be addressed as a result of the current arrangement with the International Monetary Fund (IMF). The IMF board in May this year approved Ghana’s request for a $3 billion bailout resulting in the release…
[ad_1] On Friday, November 10, 2023, the Ministry of Finance issued a rejoinder to our publication on a missed timeline for the disbursement of the second tranche of the $3 billion IMF support for Ghana. We publish the Ministry’s rejoinder in full below. Our observation is also published beneath this rejoinder. RE: FALSE PUBLICATION BY…
[ad_1] The International Monetary Fund (IMF) says it is waiting for the outcome of Ghana’s engagement with its bilateral creditors before releasing the next tranche of the $3 billion bailout package. This was disclosed by the IMF Managing Director, Kristalina Georgieva, in a tweet on Wednesday after meeting Ghanaian officials to discuss the way forward….
