Tag Archives: IMF

The Nana Addo Dankwa Akufo-Addo government has stated clearly that the flagship Free Senior High School (Free SHS) programme will be reviewed. This was contained in the International Monetary Fund’s (IMF) latest report on Ghana’s US$3 billion bailout programme. On page 76 of their 155-page report under the heading ‘PUBLIC …

The second tranche of IMF cash has hit the Bank of Ghana’s (BoG) account today January 23, 2024. This is what Joy Business has picked up from persons with knowledge of the IMF programme. The IMF Mission Chief for Ghana, Stephane Roudet at the Joint Press Conference between the IMF, …

The Deputy Finance Minister and the current Member of Parliament for Ejisu, Dr. John Ampontuah Kumah says Ghana’s economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, he highlighted the unanimous approval of Ghana’s request for debt treatment …

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 …

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 …

A former presidential aspirant of the governing New Patriotic Party (NPP), Kwabena Agyepong, has expressed disappointment in President Akufo-Addo for allowing his cousin, the Finance Minister, Ken Ofori-Atta to keep his position after taking Ghana to the International Monetary Fund (IMF). The Finance Minister had vowed that the government was …

The government has been insisting in the last few days that it had not missed a November 1st IMF timeline for the fulfillment of conditions to trigger the disbursement of the second tranche of $600 million. In a statement responding to a Myjoyonline publication, the Finance Ministry claimed there is …

The International Monetary Fund said that Ghana will need a debt relief agreement from its official creditors to qualify for further disbursements under a $3 billion extended credit facility program. The Washington-based lender reached a staff-level deal with Ghana on the first review of the program that started in May, …

The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on economic policies and reforms to conclude the first review of the country’s three-year programme under the Extended Credit Facility. This agreement is subject to approval by the IMF’s Executive Board and receipt of necessary financing assurances. The …

The International Monetary Fund (IMF) has cautioned the Bank of Ghana, highlighting the importance of upholding its policy mandates despite the financial setback experienced in the fiscal year ending 2022. The IMF emphasized that it remains essential for the central bank to take decisive measures to steer inflation back to …