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Tag Archives: IMF

US$3 billion from IMF is a pittance – Dormaahene

Osagyefo Oseadeeyo Agyemang Badu II has spoken about the government’s ongoing engagements with the International Monetary Fund [IMF]. He specifically addressed the amount of money that government was seeking from the international lender describing it as a pittance. In his view, there is a link between the financial support government was seeking …

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‘We support Ghana’s IMF move, will keep pushing creditors for debt cuts’ – US Vice President

US Vice President Kamala Harris has said the American government is in full support of Ghana’s talks with the International Monetary Fund for a bailout. She also announced during a joint press conference with Ghanaian leader Nana Akufo-Addo at the Jubilee House on Monday, 27 March 2023, as part of …

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Only Otumfuo can help Ghana get IMF bailout – Oduro Takyi

Certified economist, Bernard Oduro Takyi, has said that the only person who can help Ghana deal with the current hurdle it is facing with getting the $3 billion International Monetary Fund (IMF) bailout is the Asantehene Otumfuo Osei Tutu II. According to him, only the Otumfuo can help with the Chinese government which …

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Akufo-Addo meets IMF boss, Bill Gates at Munich Security Conference

President Nana Addo Dankwa Akufo-Addo arrived in Germany on February 16 aboard the presidential jet. Akufo-Addo’s main engagement in Germany was in respect of the Munich Security Conference where he shared the stage on South-North cooperation with Bill Gates and International Monetary Fund (IMF) Chief Kristalina Georgieva. “We on the continent have been left …

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We are at IMF to streamline our finances because of debts – Akufo-Addo tells chiefs

President Nana Addo Dankwa Akufo-Addo has tasked Ghanaians to be patient in the midst of the current economic downturn. Government is seeking a programme with the International Monetary Fund (IMF) with the view to salvage the economy which suffered a torrid 2022 characterised by a rapidly depreciating currency, galloping inflation …

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UK only major economy to shrink in 2023 – IMF

The UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households, the International Monetary Fund (IMF) has said. The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted. However, the IMF also …

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How the government of Malawi expelled the IMF from the nation

Officially, the IMF assists developing nations in avoiding debt-related problems and bankruptcy. The International Monetary Fund should lend them money and offer them technical assistance so they can accomplish this. Apart from that, the IMF defends a number of the richest nations, their bankers, and risky financial companies, but its …

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Ofori-Atta presented IMF conditionalities to Ghanaians not a budget – Coalition Of National Youth Organizers

A pressure group calling itself, Coalition of National Youth Organizers has described the 2023 budget presented by the Minister of Finance, Ken Ofori Atta as International Monetary Fund (IMF) conditionality. According to them, the budget is draconian and will impose more hardship on the already suffering Ghanaian which is inimical …

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Why Nkrumah rejected an IMF programme in 1965

An economist at the University of Ghana Business School, Prof. Godfred Bokpin has detailed that Ghana’s first president, Dr. Kwame Nkrumah, rejected a programme from the International Monetary Fund in 1965, due to some inconsistencies with the programme the Fund developed. According to him, the former President was the first President …

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