Tag Archives: IMF

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 …

Managing Director of Inter-City STC, Nana Akomea, has asked government to have a “broad front” as it engages the team from the International Monetary Fund (IMF). Ghana is seeking help from the Fund; what the Information Minister, Kojo Oppong Nkrumah has described as a “balance of payment support”. Government has been …

Former Member of Parliament for New Juaben South, Mark Assibey-Yeboah, has stated that Finance Minister Ken Ofori-Atta will be shown comments he made against the International Monetary Fund (IMF) during negotiations for a rescue programme. Although he did not explicitly mention its consequences on the process, the one-time chairman of Parliament’s Finance Committee suggested that it …

Isaac Adongo, the Member of Parliament for Bolgatanga Central, has tasked government to call on three statesmen to lead upcoming negotiations with the International Monetary Fund (IMF) over an economic rescue programme. Adongo addressed a press conference in Parliament on July 5 where he stated that the current Task Force …