Tag Archives: IMF Bailout

Finance Minister Ken Ofori-Atta says Ghana is on track to receive the second tranche of the IMF bailout cash in December to support the government’s balance of payments (BOP) for 2023 and 2024. The Bank of Ghana’s June 2023 summary of the Economic and Financial Stability Report shows that the …

Ghana’s President Akufo-Addo has emphasised that the bailout secured from the International Monetary Fund (IMF) will not be an instant panacea for the country’s difficulties. He believes it will, nonetheless, play a crucial role in restoring confidence and reopening opportunities that have been limited in recent years. During a national …

The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam has revealed what the first tranche of money received from the International Monetary Fund (IMF) will be used for. According to him, part of the money will be used to support the government’s policies and programmes approved by …

After months of missed deadlines, the Nana Addo Dankwa Akufo-Addo government finally clinched the approval of the board of the International Monetary Fund (IMF) for the $3 billion bailout it started seeking in November 2022. Ghana’s 17th visit to the IMF for a ‘bailout’ has been attributed to the mismanagement …

The free Senior High School (SHS) programme is under review. The exercise is being led by the World Bank as part of efforts to properly assess the effectiveness and cost implications of all social intervention programmes currently under implementation. Other programmes under review include the School Feeding Programme, the Planting …

In 2017, the new government based on campaign promises reduced or abolished 18 taxes that were bringing in revenue. It was dubbed the nuisance tax. This brought a massive reduction in government revenue. To make up for the revenue shortfall, the government adopted borrowing. This increased Ghana’s bond market activities …

The Deputy Minister of Finance, John Ampontuah Kumah, has stated that political opponents who were sceptical about the International Monetary Fund (IMF) deal have been put to shame over the success achieved. Ghana is set to receive the first tranche of about $3 billion bailout from the IMF by the …

President Akufo-Addo says there is no basis for him to sack the Finance Minister. According to him, Ken Ofori-Atta has discharged his duties “excellently” and he cannot relieve such a person of his position. President Akufo-Addo speaking on OTEC FM on Monday said he has full confidence in the Minister …

The Defence Minister, Dominic Nitiwul, has pleaded with workers unions to exercise patience with the government as it negotiates with the International Monetary Fund for a bailout. According to him, if the government had the means to meet their demands, there would be no need for the ongoing strike actions …

The 2020 Parliamentary candidate for the National Democratic Congress (NDC) in the Oforikrom Constituency and  National Organizer Hopeful,  Henry Osei Akoto, believes the Nana Addo led government has had a lot of revenue sources and allocations and wonders where they went.   Ghana has officially contacted the International Monetary Fund …