Tag Archives: Ghana’s

Carlo Sdralevich, leader of the IMF negotiation team in Ghana, has reaffirmed the government’s narrative that Ghana’s economic hardship is partly a result of the ongoing Ukraine-Russia war as well as the COVID-19 pandemic. Sdralevich, after meeting the various stakeholders in the country concluded that Ghana’s fiscal and debt situation has severely …

Professor of Economics at Johns Hopkins University in the USA, Steve Hanke, has again questioned government’s decision to enter an economic support programme with the International Monetary Fund. Last week, President Akufo-Addo defended the decision by stating that a possible bailout from the Bretton Woods institution will in the short-run repair …

Steve H. Hanke, a professor of applied economics at the Johns Hopkins University in Baltimore, Maryland has pegged Ghana’s inflation rate at 50%/yr, describing the status as terrible. The 79-year-old economist, Saturday, July 9, 2022, shared footage from the Arise Ghana protest, trumpeting the high cost of living in the …

President Nana Addo Dankwa Akufo-Addo has for the first time, spoken about his government seeking an International Monetary Fund (IMF) bailout. At the swearing-in of some new Ambassadors and High Commissioners at the Jubilee House, the president explained that the decision to seek an IMF programme was necessitated by the effect of the current …

When he made the millions he had worked tirelessly for after so many years, he took some of it back home; to his roots, and transformed his community. That is the story of Dr. Kwabena Adjei, the President, Founder and Group Chairman of the Kasapreko Company Limited, who was born …

A Court of Appeal in Accra has reversed the decision of the Bank of Ghana to revoke the operating license of UniCredit Ghana Limited as a saving and loans company in Ghana. According to GHOne TV, the court on July 7, 2022, declared the decision of the Bank of Ghana to revoke the license …

Seasoned Journalist, Kwesi Pratt says corruption is not the cause of Ghana’s problems. As the nation returns to the International Monetary Fund (IMF) despite calls on the President not to consider such move, especially when he promised Ghanaians he wouldn’t take that route, government officials and members of the governing …

Former Black Stars player, Emmanuel Agyemang Badu has reacted to the Confederation of African Football’s ban on Ghana for age cheating in their FIFA U-17 Women’s World Cup qualifier. The Black Maidens were on July 4, 2022, handed a two-year ban and fined $100,000 by CAF for forging the birthdate …

A renowned international economist at the Johns Hopkins University in the USA, Professor Steve Hanke, has stated Ghana’s decision to enter an economic programme with the IMF will not salvage the economy. He predicts that a financial bailout from the Bretton Woods Institution is likely to fail just like the …

The announcement of Ghana’s return to the International Monetary Fund for a bailout has triggered various forms of reactions with Ghanaians, home and abroad responding to the news in various ways. An interesting angle to the IMF story is the hijack of the social media handles of the Britton Woods institution with …