Tag Archives: IMF

The former Speaker of Parliament, Professor Aaron Mike Oquaye, has issued a stark warning that Ghana may find itself seeking relief from the International Monetary Fund (IMF) within the next six years if the nation does not address its current import dependency and inefficient utilization of mineral resources. During the …

The Deputy Finance Minister, Abena Osei Asare, has made a passionate plea to Pensioner Bondholders, urging them to exercise patience as the government scrambles to secure the necessary resources to settle their unpaid matured coupons.   Despite rainy weather conditions, members of the Pensioner Bondholders Forum resumed their picketing at …

Convener of the Media Coalition Against Galamsey (MCAG), Dr. Kenneth Ashigbey, has suggested that an assessment of Ghana’s natural resource management should be included in the requirements to be fulfilled for government to receive the second tranche of $600 million from the International Monetary Fund. According to him, government has …

President Akufo-Addo will address the nation tonight at 8pm on the government’s management of the coronavirus pandemic. The update comes as the COVID-19 health declaration form for international travellers to Ghana has been suspended. Also, pre-departure testing and tests at all points of entry are no longer a requirement for …

The government has finally indicated that it is taking steps to review all flagship programmes as part of its objectives to strengthen fiscal policy. According to the government, “the decision for rationalisation will depend on the assessment of efficiency, effectiveness, and value for money for each programme” and for social …

The President of the 4th Republic, H.E  Nana Akufo-Addo says Ghana will soon return to the International Capital Market. Mr. Akufo-Addo said this will enable his government to get the needed funding to execute its mandate. According to him, the shutting of the capital market to the country has been …

The International Monetary Fund (IMF), has revealed details about how Ghana’s four collateralized loans from China have exposed the country to losing parts of its mineral resource revenue in addition to electricity sales. For Ghana, Chinese loans have been a reliable funding source four major projects since the year 2000. …

The International Monetary Fund (IMF) has described government’s flagship Free SHS Senior High School (SHS) programme as poorly targeted. The Fund made this observation in its latest country report on Ghana, whose request for a $3 billion bailout it recently approved. According to the report, the Free SHS programme “which …

The Minister of Finance, Kenneth Nana Yaw Ofori-Atta , says Ghana should expect an International Monetary Fund (IMF) Board approval for a programme by the close of May 2023. According to him, Ghana has made significant progress, hence the need for it to get approval as soon as possible. Addressing …

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has repeated her comment that Ghana’s economy has been negatively affected by the Russia-Ukraine war. She described Ghana as an innocent bystander that has been hit by the Covid pandemic and the war. Speaking at the ongoing IMF/World Bank …