Tag Archives: IMF

The International Monetary Fund (IMF) has backed African governments to use tax increments as a means of raising more revenue in order to reduce borrowing as they continue to fight the deadly pandemic. This comes on the back of the Regional Economic Outlook report – April 2021 (published by IMF), …

The Circuit Court in Accra has sentenced one Mohammed Buzu, a 29-year-old trader to 20 years in jail for pulling a machete on the Country Director of the International Monetary Fund (IMF) and robbing him and his wife. The convict was found guilty on the two charges of causing harm …

The International Monetary Fund (IMF) has announced about $91 billion in financing to 80 countries, including $11.3 billion to 48 low-income countries since the onset of the pandemic in late March and as of September 15, 2020. Out of this lending, the IMF channeled $30 billion (equivalent to SDR 21.2 …

Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director, has said in her opening remarks during a forum on ‘New Policy Frameworks for a Lower-for-Longer World’ last week that while new frameworks and tools may speed economic recovery, additional monetary stimulus may pose important risks to financial stability. She said …

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. …

Regarding public debt and fiscal policy in Sub-Sahara Africa, the International Monetary Fund (IMF) has noted that given the unprecedented scale of the coronavirus crisis, an ideal policy mix should include a strong role for fiscal stimulus to support aggregate demand. However, the Bretton Woods institution said, sub-Saharan African countries …

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 …

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 …

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 …

Countries across Africa still face financing needs amounting to over US$110 billion in 2020 alone, the International Monetary Fund (IMF) has said.   The IMF has also doubled access to its emergency lending facilities. Access limits to the Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) have been doubled …