Officials of the International Monetary Fund (IMF) will commence negotiations with the government today on a possible programme to support Ghana’s homegrown economic policies. The IMF team – led by the Mission Chief for Ghana, Carlo Sdralevich – will have in-person meetings with the Finance Ministry, the Economic Management and the Presidency from July 6 […]
Finance Minister Ken Ofori-Atta has urged Central Banks in Africa to endeavour to create combined sovereign reserves that could expand their balance sheets to respond to financial challenges amongst African Union member states. He was of the view that whereas the combined sovereign reserves stood at about $300 billion to $500 billion making it a […]
The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial levy, the Ministry […]
A high-powered team from the International Monetary Fund (IMF) head office in Washington DC will be in Ghana on Tuesday to begin formal discussions for a new economic support programme for the country beginning Wednesday (July 6, 2022). The government will on Wednesday officially start preliminary negotiations into Ghana’s quest to seek a bailout from the fund. […]
A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team and the […]
The government is optimistic that the resort to the International Monetary Fund (IMF) will help stabilise the economy and restore buffers to make it stronger. It said it had been compelled to approach the IMF because the COVID-19 pandemic had depleted the buffers, throwing the economy into an 11 per cent deficit, against the regulated […]
It appears that calls for Finance Minister Ken Ofori-Atta’s head over Ghana’s current economic misfortunes may have come to naught. Government spokesperson, Kojo Oppong Nkrumah says justifications so far for Ken Ofori-Atta to step down are neither here nor there. Many critics including former President John Mahama have called for him to be sacked after […]
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 […]
The Minister of Finance, Ken Ofori-Atta, has assured Parliament that the government and the Bank of Ghana (BoG) are on top of efforts to slowdown the depreciation of the cedi against its major counterparts. Mr Ofori-Atta said the 30 per cent in public spending this year was meant to augment policies by the central bank […]
The Majority Leader, Osei Kyei-Mensah-Bonsu has told Parliament that, the Minister of Finance, Ken Ofori-Atta is not running away from accountability as some members of the Minority caucus had claimed. Rather, the Minister of Finance had indicated to him [Kyei-Mensah-Bonsu] on Wednesday night [June 15, 2022) that, the responses he needed from the technical people […]
The government collected GH¢773.93 million in revenue from the COVID-19 Health Recovery Levy that was imposed last year. The fiscal data released by the Ministry of Finance on April 22 indicated that the amount, which was received between May and December last year, was about 12.7 per cent lower than the budget target of GH¢889.07 […]
The government has cut the revenue target from the Electronic Transactions levy (E-Levy) to GH¢4.5 billion in line with developments following the proposal of the levy in November last year. The Commissioner-General of GRA, Reverend Dr Ammisshaddai Owusu-Amoah, told Graphic Online Thursday that the revision followed the reduction in the rate from 1.75 per cent […]
