Tag Archives: bailout

Bloomberg has reported that the International Monetary Fund has approved Ghana’s request for a $3 billion bailout to support Ghana’s economic recovery, according to its sources The IMF’s Executive Board met to discuss approval for the funding on Wednesday. The report however added that the announcement will be done later in the …

Certified economist, Bernard Oduro Takyi, has said that the only person who can help Ghana deal with the current hurdle it is facing with getting the $3 billion International Monetary Fund (IMF) bailout is the Asantehene Otumfuo Osei Tutu II. According to him, only the Otumfuo can help with the Chinese government which …

Outspoken Member of Parliament for the Assin Central constituency, Kennedy Agyapong, has taken a dig at President Nana Addo Dankwa Akufo-Addo for seeking a bailout from the International Monetary Fund (IMF). Mr. Agyapong argued that only governments who have failed to live up to expectations seek support from the Britton …

The Electronic Transfer Levy will not be discontinued despite an application to the International Monetary for a financial bailout, the Finance Ministry has said. The Ministry said the IMF bailout is a means to help the country shore up its foreign reserves thus tax measures including the electronic transfer levy …

A team from the International Monetary Fund (IMF) is set to arrive in Ghana today, Tuesday, July 5, 2022, ahead of a discussion with the government of Ghana on a bail-out request made to the fund. Negotiations will begin on Wednesday, July 6, 2022. President Nana Akufo-Addo on Friday, July …

Comedian Derrick Kobina Bonney popularly known as DKB squared off with the Member of Parliament for Nsawam-Adoagyiri, Frank Annoh-Dompreh over the latter’s defense of the government’s decision to seek an International Monetary Fund, IMF, bailout programme. Frank Annoh-Dompreh who also doubles as the Majority Chief Whip in Parliament had in a social media post cited a news …

Key projects and policies could be affected by the government of Ghana’s eventual decision to go to the International Monetary Fund (IMF) for a bailout. Based on the terms and conditions that usually come with an IMF bailout where the government is told to cut down on expenditure and focus …

The Minority in Parliament has called on the Akufo-Addo-Bawumia government to apologise to Ghanaians and immediately cancel the Electronic Transaction Levy (E-levy) for heading to the International Monetary Fund (IMF) for a bailout. Speaking to Starr News Minority spokesperson on Communications A.B.A Fuseini argued the move is final proof of the level …

The Presidency has debunked media reportage that the government will be considering an IMF bailout as President Nana Addo Dankwa Akufo-Addo chairs a cabinet retreat that started on Thursday, March 17 and is expected to end on Sunday, March 20, 2022. Ghana is currently faced with economic difficulties that have necessitated a …

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has sarcastically made a case for a solution to Ghana’s economic woes. According to him, Finance Minister Ken Ofori-Atta must be encouraged to seek financial bailout from the Ashanti Regional Chairman of the New Patriotic Party, Bernard Antwi Boasiako, also known as Chairman Wontumi. The …