Tag Archives: IMF

Increasing inflation, debts and forex crisis are pushing Nigerian and other African economies to the brink, the International Monetary Fund has warned. SaharaReporters earlier reported that IMF Managing Director, Kristalina Georgieva, had said the outlook for the global economy had “darkened significantly” since April. She warned that a global recession …

The International Monetary Fund (IMF) has said its support for Ghana will not scrap Free SHS. It noted that its program aims to protect the vulnerable. The Fund noted that the Free SHS policy needs to be protected describing it as innovative. In its Frequently Asked Questions (FAQs), cited by ModernGhana …

The Vice President, Dr Mahamudu Bawumia, has addressed Ghanaians on the country’s decision to seek economic assistance from the International Monetary Fund. He spoke at the Accra Business School on Thursday, July 14, 2022. Below is the full text of his speech:

The Minority has shot down the approval of a 1 billion dollar syndicated loan at the committee meeting despite IMF advice that it should be approved to prevent the economy from grinding to a halt. According to the Ranking Member of the Finance Committee, Ato Forson, their decision was due …

Carlo Sdralevich, leader of the IMF negotiation team in Ghana, has reaffirmed the government’s narrative that Ghana’s economic hardship is partly a result of the ongoing Ukraine-Russia war as well as the COVID-19 pandemic. Sdralevich, after meeting the various stakeholders in the country concluded that Ghana’s fiscal and debt situation has severely …

Professor of Economics at Johns Hopkins University in the USA, Steve Hanke, has again questioned government’s decision to enter an economic support programme with the International Monetary Fund. Last week, President Akufo-Addo defended the decision by stating that a possible bailout from the Bretton Woods institution will in the short-run repair …

Relief initiatives taking shape to ease food and debt As the supply-chain disruption caused by Russia’s war in Ukraine continues, international relief packages for Africa are starting to take shape. USAID this week pledged a $30m package to support Zambian food exports to East African countries to help ease the …

The French ambassador to Ghana, Anne-Sophie Ave, has said although “Ghana has all the ingredients to succeed”, the country’s high level of debt, has necessitated the need to resort to the International Monetary Fund, which she said is the “only international bank that has the means and whose job it …

President Nana Addo Dankwa Akufo-Addo has for the first time, spoken about his government seeking an International Monetary Fund (IMF) bailout. At the swearing-in of some new Ambassadors and High Commissioners at the Jubilee House, the president explained that the decision to seek an IMF programme was necessitated by the effect of the current …

The member of parliament (MP) for Jaman North, Hon. Frederick Ahenkwah, has said he is excited about the decision of the Akufo-Addo government ton seek financial assistance from the International Monetary fund (IMF). Speaking on Inside Politics on Power 97.9 FM Tuesday, the legislator observed that fiscal discipline and accountability …