Tag Archives: IMF

Amidst the growing depreciation of the cedi and the recent increments in fuel prices, government is expected to hold a crunch cabinet meeting to find solutions to the raging economic challenges. The meeting is expected to take place at the Peduase Lodge, from Thursday, March 17, to Sunday, March 20, …

An Associate Professor at the Finance Department at the University of Ghana Business School (UGBS), Professor Lord Mensah, has expressed doubts over the feasibility of the much-touted “Ghana Beyond Aid Agenda”. Speaking in an interview with Blessed Sogah on the Pulse on Tuesday, he explained that, given the ailing nature …

The Electronic Transaction Tax (E-Levy) has become a household name dominating the Ghanaian airspace in the last couple of weeks. The government has so far done a lot in its bid to pass the levy but is met with strict resistance from the citizens and the opposition members of parliament …

Finance Minister, Ken Ofori Atta has insisted that Ghana would not return to the International Monetary Fund (IMF) for support in order to deal with the challenges that the local economy is going through at the moment.   Speaking at the 3rd Townhall meeting on the E-levy on Thursday February …

Former President John Dramani Mahama has said the Asantehene, Otumfuo Osei Tutu II was instrumental in the country securing an extended credit facility from the International Monetary Fund (IMF) in 2016 to strengthen the economy. Receiving the Otumfuo Commemorative Gold Coin at his office in Accra on Tuesday, February 8, …

Ghana’s public debt stock hit ¢341.8 billion as of the end of September, 2021, the November ,2021 Bank of Ghana Summary of Economic and Financial Data has revealed. This is equivalent to 77.8% of Gross Domestic Product (GDP) and confirms concerns by analysts and economists that the country’s debt has …

There are currently about 34 African countries on the World Bank and IMF’s heavily indebted countries’ list, according to data obtained by Business Insider Africa. Among these heavily indebted poor countries are: Ghana, Tanzania, Ethiopia, Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros Islands, Democratic Republic of Congo, …

Finance Minister, Ken Ofori-Atta has downplayed reports that government is considering the option of returning to the International Monetary Fund, IMF, for some financial support to help stabilize the economy. Some economists and finance professionals have already predicted that the country will secure a program from the fund to help …

Ghana may have no option to return to the International Monetary Fund for financial support if its rising debt which presently stands at a little above ¢335 billion continues to surge and create problem for the economy.   According to a Bloomberg Survey, the country may have to pay a …