President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic programme, Joy Business can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicates that there had already been a conversation between the IMF boss, Kristalina […]
Ratings agency, Standard and Poor’s Global Ratings (S&P), has maintained the country’s creditworthiness score at ‘B’ negative and ‘B’ over its solid growth prospects in the short to medium term. The agency also left the outlook at stable, saying that it was convinced that measures put in place to arrest the debt growth would yield […]
The country is set to inject about US$300 million from its share of the specially created free funds from the International Monetary Fund (IMF) into the 2022 budget. The amount is a third of the US$1 billion interest-free and condition-free money that the country received from the IMF for being a member of the Bretton […]
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) issued the following statement: “Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help […]
The International Monetary Fund (IMF) has approved the disbursement of US$1 billion to Ghana to be drawn under the Rapid Credit Facility (RCF). The money is to help Ghana address the “fiscal and balance of payments needs” and also help the country to improve confidence in its economy especially in the wake of the COVID-19 […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has charged Finance Ministers, Central Bank Governors and African Governors of the World Bank and International Monetary Fund to help realise the vision of a self-reliant Africa that is no longer dependent on the receipt of aid and charity. Addressing the African Caucus Meeting of African […]
The International Monetary Fund (IMF) and the Government of Ghana through the Ministry of Youth and Sports are set to build an ultra-modern accommodation facility for female head porters in Accra. This was discussed when the IMF country representative to Ghana, Dr Albert Touna Mama, paid a courtesy call me at the Ministry on Friday, […]
Ghana Cocoa Board (Cocobod) has responded to the International Monetary Fund (IMF) call for a reduction in the producer price of Cocoa, saying it cannot reduce the price. The IMF has advised government to reduce the producer price of the commodity to reflect changes in international cocoa prices. But in an interview with sit-in host […]
Chief Executive Officer (CEO) of the Public Sector Reforms, Mr. Thomas Kusi Boafo is doubtful if accountants will make it to heaven considering the naked thievery most of them have been involved in, MyNewsGh.com reports. His argument is that accountants in Ghana in the year 2018 colluded with other public servants in stealing a whopping […]
We are out of the IMF now. It has not been an easy journey. Ghanaians, of no fault of their own, have had to sacrifice and endure austerity for four solid years all because the Govt then (under President John Mahama), poorly and recklessly managed the economy. Before we forget this is how it all […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says his Government will continue to maintain fiscal discipline in the aftermath of the exit of the IMF programme. After having obtained successful ratings from the International monetary Fund about the country’s economic performance, and given a clean bill of health, President Akufo-Addo noted that there […]
Ghana is set to receive $185.2 million following a successful completion of the seventh and eight reviews under the Extended Credit Facility (ECF) support arrangement by the International Monetary Fund (IMF). The Executive Board of IMF approved Ghana’s request for a waiver of the non-observance of a few programme targets. $925.9m Extended Credit Facility The […]
