{"id":95209,"date":"2015-02-28T09:07:49","date_gmt":"2015-02-28T09:07:49","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=95209"},"modified":"2015-02-28T09:07:49","modified_gmt":"2015-02-28T09:07:49","slug":"terkper-hopeful-for-more-cash-from-ghanas-devt-partners","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/02\/terkper-hopeful-for-more-cash-from-ghanas-devt-partners\/","title":{"rendered":"Terkper hopeful for more cash from Ghana&#8217;s dev&#8217;t partners"},"content":{"rendered":"<p>Finance Minister Seth Terkper is hopeful that Ghana\u2019s development partners will start releasing donor funds to the nation due to the nation\u2019s recent agreement with the International Monetary fund (IMF).<\/p>\n<p>Ghana\u2019s donor partners are said to be withholding about 600 million dollars from the country until they see a stronger commitment to fiscal discipline and the fight against corruption.<\/p>\n<p>[contextly_sidebar id=&#8221;FEPncRfQPiPrT2bROXuWsRX9pxCLurn1&#8243;]The refusal to release donor funds is said to have negatively affected some of the government\u2019s plans for development.<\/p>\n<p>The government has had to seek IMF bailout to help stabilize Ghana\u2019s economy, which has been hit with a depreciating currency, rising inflation and\u00a0 debt.<\/p>\n<p>The IMF on Thursday agreed to give the country about <strong><a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/08\/09\/imf-announces-official-bailout-request-from-ghana\/#sthash.6EQqeMtL.dpbs\">US$940 million to help turn the weak economy<\/a><\/strong> around.<\/p>\n<p>However, speaking in an interview with the <strong>Citi News<\/strong>, the Finance Minister explained the IMF deal will restore global confidence in the economy which will lead to the release of the donor funds.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-94551\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/02\/imf-deputy-managing-director-ms-nemat-shafik-and-seth-terkper.jpg\" alt=\"imf deputy managing director ms nemat shafik and seth terkper\" width=\"494\" height=\"330\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/02\/imf-deputy-managing-director-ms-nemat-shafik-and-seth-terkper.jpg 494w, https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/02\/imf-deputy-managing-director-ms-nemat-shafik-and-seth-terkper-300x200.jpg 300w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/><\/p>\n<p>\u201cThe $940 million is balance of payment support, It is not going to the budget. It is going to help stabilize the cedi.\u00a0 That\u2019s the purpose. The complementary things that are going to happen. We were just reading, the bond markets are reacting positively, donors might give us the money they are holding back. Those are going to be the gains,\u201d Seth Terkper said.<\/p>\n<p>Some economic analysts have, however, downplayed the significance of the IMF money and say it may be too small to effectively save the economy.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Nana Agyemang Asante\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Seth Terkper is hopeful that Ghana\u2019s development partners will start releasing donor funds to the nation due to the nation\u2019s recent agreement with the International Monetary fund (IMF). Ghana\u2019s donor partners are said to be withholding about 600 million dollars from the country until they see a stronger commitment to fiscal discipline and [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":32798,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38,21,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Terkper hopeful for more cash from Ghana&#039;s dev&#039;t partners - Citi 97.3 FM - Relevant Radio. 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