Tag Archives: IMF

Ghana’s Budget Statement and the Economic Policy for 2023 may not be read on November 15, as scheduled. Majority Leader Osei Kyei-Mensah-Bonsu has revealed that the current negotiation with the International Monetary Fund (IMF) may delay the presentation. The Public Financial Management Act mandates that the budget is presented next …

The Ministry of Finance has rejected claims that its negotiations with the International Monetary Fund (IMF) for a bailout have not been smooth as projected. A statement from the Ministry said such claims are untrue and should be disregarded. Some reports in the public domain say the negotiations are not …

The International Monetary Fund (IMF) wants countries such as Zambia and Ghana with very high inflation or acute domestic demand pressures to tighten their monetary policy further. For countries with pegged exchange rates, the Fund, said, in its October 2022 Africa Regional Outlook Report that the amount of tightening needed …

Ghana has to show proof that its debt levels are sustainable before the International Monetary Fund (IMF) can approve an economic support programme for the country. That is according to the Director of IMF’s African Department, Abebe Aemro Selassie. Mr. Selassie told the media in Washington on October 14, that …

Former President, John Dramani Mahama, says Ghana’s current negotiations with the International Monetary Fund (IMF) should be the last of its kind. According to him, the country must create sustainable policies to keep the economy afloat, without ever resorting to the IMF. Speaking in an interview on VOA on Wednesday, …

The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022. According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid …

Ghana is ranked 1st in Africa with the largest outstanding debt to the International Monetary Fund.   According to the Fund’s Quarterly Finances as of the end of July 2022, the country’s loans outstanding is estimated at 1.31 billion Special Drawing Rights equivalent to about $1.69 billion.   The country’s …

The Vice President of Ghana , Dr Mahamudu Bawumia, addressed Ghanaians on the country’s decision to seek economic assistance from the International Monetary Fund (IMF).   He spoke at the Accra Business School on Thursday, July 14, 2022.       Below is the full text of his speech.   …

The International Monetary Fund (IMF) says it is focused on helping the government of Ghana to improve its fiscal balances in a sustainable way while protecting the vulnerable and poor. It said the two issues were part of a raft of measures discussed during the first round of discussions on …

The team from the International Monetary Fund (IMF) says it has observed that the global economic shock caused by the war in Ukraine is hitting Ghana. According to the IMF, this is happening at a time when the country is still recovering from the Covid-19 pandemic shock and with limited …