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Tag Archives: IMF

IMF debunks Ghana’s HIPC status

The International Monetary Fund (IMF) has debunked claims that Ghana has been classified as a Highly Indebted Poor Country (HIPC) based on data on its website. A statement by the IMF indicated that the recent update of Ghana’s debt-to-GDP ratio has NOT triggered any decision or action by the institution. …

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NDC once lied to IMF and Ghana was fined $36m – Kufuor

Former President John Agyekum Kufuor has said the National Democratic Congress (NDC) administration under former President Jerry John Rawlings once lied to the International Monetary Fund (IMF), leading to Ghana being fined $36 million. He said this was part of the monumental economic challenges that the NDC administration left for him to come and …

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FULL TEXT: Deputy BoG Governor speaks on crisis to recovery at IMF webinar

CRISIS TO RECOVERY STRENGTHENING ECONOMIC INSTITUTIONS IN SUB-SAHARAN AFRICA DURING COVID-19 SPEAKING NOTES FOR IMF WEBINAR DR. MAXWELL OPOKU-AFARI, FIRST DEPUTY GOVERNOR, BANK OF GHANA JULY 22, 2020 1. Introduction The global economy is going through extraordinary times, requiring even more exceptional responses. Policy response has been swift and decisive in …

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Coronavirus: Release funds for vaccine production – IMF to govt’s

The International Monetary Fund (IMF) has said all countries—including those that have seemingly passed peaks in COVID-19 infections—should ensure that their health care systems are adequately resourced. The IMF said in its ‘World Economic Outlook Update, June 2020’ that the international community must vastly step up its support of national initiatives, including …

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IMF forecasts Ghana’s inflation rate of 8% in 2020

The International Monetary Fund (IMF) is projecting an inflation rate below the upper band of the Bank of Ghana’s target, for this year. This means the prices of goods and services will remain largely the same, while interest rates stay low. The Central Bank is forecasting an average inflation rate …

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Ghana strong to pay back US$1bn COVID-19 loan – IMF

The International Monetary Fund (IMF) says Ghana’s track record of repaying debts will enable her to repay the US$1bn COVID-19 facility it lent the country with ease. In a staff report and statement by the Executive Director for Ghana, the Fund said: “Ghana’s track record of servicing debts to the …

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