Tag Archives: IMF

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 …

The Managing Editor of the Insight newspaper, Kwesi Pratt Jnr seems not to be happy with the International Monetary Fund (IMF). He is of the view that the financial organization is ‘untruthful and unreliable’. His comment comes on the back of commendation from the IMF that Ghana’s economy is in …

Ghana is likely to return to the IMF, economist Dr. Lord Mensah has said. According to the University of Ghana Business School Lecturer, if the country continues to dwindling in its revenue, and debt continues to go up, it may be forced to subscribe to the IMF programme in the …

The Director of Settle Ghana, a non-governmental organization based in the Savannah Region, Mr. Abu Karimu is advising governments across the West Africa sub-region to see indigenous people as key partners in development. According to Mr Karim, just like governments in developing countries go to the International Monetary Fund (IMF) …

Former Deputy Minister for Finance, Cassiel Ato Forson has predicted that with the current fiscal challenges the country Ghana will seek a “bailout” from IMF less than two years after the exit. Speaking at a press conference in response to the mid-year budget review, the minority spokesperson on Finance expressed …

The International Monetary Fund has said that Ghana had the equivalent of $400m in it reserves at the time it requested for the Fund’s support back in 2014. That meant the country had around seven days’ worth of imports in net foreign exchange reserves, according to Resident Representative to Ghana, …

The International Monetary Fund (IMF) has warned that Ghana could face revenue shortfall if the country starts the implementation of the African Continental Free Trade Agreement(CFTA) this year. The IMF maintains that although the agreement will boost trade on the continent, it will affect earnings and employment opportunities in some …