Tag Archives: IMF

The International Monetary Fund (IMF) has predicted a financial retrogression of the world in the year 2020. It however said that it expects a quick recovery in the year 2020. “To get there, it is paramount to prioritize containment and strengthen health systems—everywhere. The economic impact is and will be …

The International Monetary Fund is shutting down its local bureau in Accra in a move to test its ability to manage the coronavius pandemic. Staff in the Accra office were asked to work remotely and move operations online on Friday. Currently, no staff of the Fund in Ghana has been …

Mohammed Buzu, a 29-year-old trader on Wednesday appeared before an Accra Circuit Court for allegedly pulling a machete on the Country Director of the International Monetary Fund (IMF) and robbing him and his wife. Buzu has been charged with causing harm and robbery. Two other persons Kenneth Antwi aged 25, …

Ghana’s growth rate for the year 2020 has been revised to 5.6% s as against earlier (October 2019) forecast of 6 %, the International Monetary Fund (IMF) January 2020 World Economic Outlook Report has revealed. This is against World Bank’s 6.8% which will make Ghana the 3rd fastest growing economy …

Ghana’s growth rate for the year 2020 has been revised to 5.6% s as against earlier (October 2019) forecast of 6 %, the International Monetary Fund (IMF) January 2020 World Economic Outlook Report has revealed. This is against World Bank’s 6.8% which will make Ghana the 3rd fastest growing economy …

A new IMF staff report has said Ghana is closer to being classified as a high debt distressed country, theghanareport.com has learned. The possible classification means the IMF is concerned about the country’s ability to honour its international obligations. The public debt stock as at September 2019 was pegged at …

Member of Parliament for Assin Central Constituency, Kennedy Ohene Agyapong, has said the World Bank, IMF and western nations have ganged up to make President Akufo-Addo unpopular, following the latter’s resolve to make Ghana self-sufficient to wean the country off from foreign aid. “This is what Akufo-Addo wants to do …

The International Monetary Fund (IMF) says Ghana’s current inflation target range of 8±2% is relatively high compared to its peers in sub-Saharan Africa (SSA). This is clearly attributed to its high-interest rates on the continent. Ghana’s yield of about 14 and 15% on Treasury Bills and 24% average lending rate …

Record commodity prices and low global interest rates have encouraged African countries to borrow as they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth. The debt of governments as a percentage of gross domestic product in sub-Saharan Africa …

The IMF is advising Ghana to consider other essentials and not just the pricing mechanism in building a strong cocoa sector. The IMF Resident Representative to Ghana, Dr. Albert Touna, made this statement at the launch of IMANI’s report within the cocoa sector. According to Touna, although price is a …