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Tag Archives: IMF

IMF assesses Ghana ahead of $236m disbursement

The International Monetary Fund (IMF) is expected to disburse at least two hundred and thirty-six million dollars ($236,000,000) of the Fund’s extended credit support to Ghana. The cash is expected to hit the government of Ghana’s accounts within the next few months. This is however subject to Ghana’s ability to meet key targets set under the agreement with the Fund. ...

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2018 will provide true test for ‘recovering’ economy – IMANI Boss

IMANI Africa President, Franklin Cudjoe believes the real test for the Akufo-Addo administration’s economic management team will come in 2018, following the macroeconomic gains made in 2017. Speaking on The Big Issue, the policy analyst cited the restricted spending in 2017 and increased budgetary allocations for 2018 as the reasons government will have to be wary of this year. His ...

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Ghana can’t exit IMF program now – Minority

The Minority in Parliament has downplayed government’s supposed brilliant management of the economy it inherited from the John Mahama administration. This follows the president’s State of the Nation Address on [Thursday] February 8, 2018, where he stated that the country’s economy had been projected by the World Bank and other international bodies to be the fastest growing in the world ...

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Mahama’s fiscal indiscipline took Ghana to IMF – Akufo-Addo

President Akufo-Addo has rebuffed claims that the numerous social intervention programmes being undertaken by his administration may leave a debt burden that will take Ghana back to the International Monetary Fund (IMF), when the current programme with the Fund ends. The President is hopeful the fiscal discipline measures embarked on by the government’s Economic Management Team will enable Ghana to make ...

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Zimbabwe needs immediate economic reforms – IMF

Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned. Government spending and foreign debt are too high and it needs structural reform, Zimbabwe mission chief Gene Leon told Reuters news agency. The country’s incoming leader Emmerson Mnangagwa has pledged to grow the economy and provide “jobs, ...

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NPP gov’t can manage economy without IMF – Yofi Grant

The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has rejected claims that Ghana’s economy will be in shambles without the support of the International Monetary Fund (IMF). According to him, the Nana Akufo-Addo government is bent on revamping the Ghanaian economy with or without such external support. Speaking on the Citi Breakfast Show on Thursday, ...

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IMF meetings fruitful, Energy Bond will succeed – Oppong-Nkrumah

A deputy Minister for Information, Kojo Oppong Nkrumah is optimistic Ghana will benefit immensely from the just ended IMF/World Bank meetings in the US. He noted the meetings were not only fruitful, but Ghana has a lot of leads to follow up on to boost the financial and energy sectors in particular. Briefing the media after the meetings, Oppong – ...

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Businesses can capitalise on IMF extension – Spio Garbrah

A former Trade Minister, Dr. Ekow Spio Garbrah, believes the extension of the International Monetary Fund (IMF) program by the government, should lead to lower interest rates for businesses in the country. According to him, such a move will rather enhance trading activities in the country, while inviting other countries to trade with Ghana. Government has extended its IMF program ...

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We were ‘forced’ to extend IMF programme – Gov’t

The government has finally given reasons for its decision to the extend the three-year International Monetary Fund (IMF) Credit Facility programme by a year. According to government, it was compelled to approve the extension because the IMF threatened to immediately abrogate the whole deal if they declined the proposal. A Deputy Minister of Finance, Kwaku Kwarteng, who made the revelation ...

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Extension of IMF programme prudent – Casely Hayford

Financial Analyst Sydney Casely Hayford has rubbished assertions the New Patriotic Party government is essentially admitting failure in the management of the economy, following the extension of Ghana’s programme with the International Monetary Fund (IMF). The extension also prompted critics to accuse the Akufo-Addo administration of being hypocritical as President Nana Akufo-Addo, as recently as July 2017, assured that his government ...

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