Tag Archives: IMF

Ghana’s economy is still faced with significant financing challenges despite the government’s debt restructuring activities, a recent report by Fitch has indicated. As a result, the rating agency kept Ghana’s rating at a level that indicates that the country is effectively in default on its foreign debts. This rating, known …

The International Monetary fund’s (IMF) Mission Chief for Ghana, Stéphane Roudet, has noted that his outfit has revised its projection for Ghana’s economic growth this year. The Fund earlier projected that Ghana’s economy will grow 2.8 per cent this year and 4.4 per cent next year on the back of …

As a record number of nations, including Ghana, prepare for elections this year, the IMF issues a warning against overspending. The IMF cautions that increased government spending could lead to unsustainable debt levels and economic instability. It emphasizes the importance of fiscal responsibility to ensure long-term financial health for these …

Following a staff-level agreement at the 2nd review, the IMF Mission Chief states that we are waiting for Ghana to come to a deal with its foreign creditors. The Mission Chief emphasizes the importance of reaching a timely agreement to address Ghana’s debt sustainability challenges. Once a deal is reached, …

The International Monetary Fund (IMF) has granted its approval for Ghana to receive an additional $600 million in the second tranche of a $3 billion, 36-month Extended Credit Facility (ECF) Arrangement. The announcement, made in a statement on Friday, January 19, 2024, signifies the successful completion of the First review, …

Former Speaker of Parliament, Prof. Aaron Mike Oquaye, says the country will continue to run to the International Monetary Fund (IMF) for financial support until it utilizes its natural resources well and pays attention to agriculture. He said investments in the sector would give rise to giant industries that would …

The economy is displaying promising signs of progress following a series of robust economic reforms aimed at achieving macroeconomic stability and sustainable growth, Dr. Leandro Medina – the IMF Resident Representative in Ghana, has said. The IMF Resident Representative highlighted the favourable outcomes of these reforms, shedding light on the …

Former Finance Minister, Dr. Kwabena Duffuor has stated that a National Democratic Congress (NDC) government in 2025 will not have issues managing the Ghanaian economy. According to him, Ghanaians hardly complain of jobs during the tenure of an NDC government. “You see, when you talk about growth, job creation is …

The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that the Bank of Ghana suffered …

Former Minister of Trade and Industry and New Patriotic Party (NPP) flagbearer aspirant, Alan Kyerematen, has asserted that Ghana could have avoided seeking assistance from the International Monetary Fund (IMF) if his ideas had been heeded and implemented. During his Greater Accra delegates tour, Alan Kyerematen highlighted the President’s Special Initiatives (PSI) introduced during the …