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Tag Archives: #International Monetary Fund (IMF)

IMF Officials Expected In Ghana On July 6 To Assess Bailout Request

A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the …

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Ghana Will Be Ungovernable If Any IMF Conditionality Freezes Wage Increment – Prof Gyampo

A political science lecturer at the University of Ghana, Prof Ransford Gyampo, has warned that the country will be ‘ungovernable’ if government accepts any IMF conditionality that freezes wage increment. In a Facebook post on Saturday, he stated that labour unions would be opposed to any policy, that does not …

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Lack Of Support For Gov’t Policies Forced Ghana To IMF – Gabby Otchere-Darko

A leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, says it is unfortunate the government has been forced to seek economic refuge from the International Monetary Fund (IMF). According to him, no government, in this current situation, could have avoided going to the Fund for support especially when …

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Government Still Needs E-levy Despite IMF – Prof. Quartey

Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey, has asked the government to consider reviewing the e-levy rate downgrades as a way of making it easier for more people to pay.   He said this when asked whether the …

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Main Reasons Why Ghana Is Seeking A New IMF Bailout Program

Ghana is set to hold talks with the International Monetary Fund (IMF) on a support package. The Nana Addo Dankwa Akufo-Addo administration had refused to seek an IMF bailout despite the massive economic downturn in the last six months, but later decided to swallow its pride and seek support from …

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Gabby Otchere Darko Backs IMF Programme ‘In Principle’

A leading member of the governing New Patriotic Party (NPP), Gabby Otchere Darko has said in principle, he is not against the International Monetary Fund (IMF) programme. He explained that he is not for an IMF programme that gives the country peanuts but imposes conditions that will end up hurting …

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Factories, Roads Have Been Built; Economy Continues To Grow But Trouble Is How To Ride The Current Storm – Gabby Otchere

Factories have been built and more being built than ever before as part of efforts to grow the economy, a leading member of the New Patriotic Party (NPP) Gabby Otchere Darko has said. He stated also that access to education and vocational skills are expanding more than ever, roads have …

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Ghana In Right Direction; No Going Back To IMF – Finance Minister Says

Finance Minister Ken Ofori Atta has indicated the International Monetary Fund (IMF) is aware Ghana is completely in the right direction with regards to the internal measures and policies introduced to deal with the fundamental issues affecting the economy. According to him, the Akufo-Addo government has put in place measures …

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Shocking! North Tongu MP Gives Reason Akufo-Addo ‘Fears’ IMF

The North Tongu Member of Parliament,  Samuel Okudzeto Ablakwa seems to have diagnosed the reason behind the hesitation the New Patriotic Party (NPP) government is showing in going to the International Monetary Fund (IMF) for bailout. The country’s debt portfolio has ballooned to the extent that urgent measures are needed …

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IMF: We Are Ready To Support Ghana If Contacted By Authorities

The International Monetary Fund (IMF), says it is ready to support Ghana in any way deemed useful by the country’s leaders amidst its economic challenges. It says Ghanaian authorities have not contacted it for any form of assistance yet. In a statement published on Twitter by IMF’s Ghana country representative, …

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