Monday, December 23, 2024
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IMF

Finance

“IMF Approves $360 Million in Loan for Ghana”

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The International Monetary Fund (IMF) Executive Board has approved the third review of Ghana's 36-month Extended Credit Facility (ECF), paving the way for an immediate disbursement of approximately $360 million. In a statement released on December 2, the IMF lauded...
Business

IMF expects revenue to underperform target and expenditure to overshoot target

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The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the target by a similar margin. The Fund is forecasting a budget deficit of 5.0% for Ghana...
Business

IMF cash: You’ll crash if you use same tactic on domestic bondholders for external creditors – Gatsi tells govt.

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The Government of Ghana cannot use the same tactic it used for domestic bondholders to get them to agree to its terms in the debt restructuring, for the external creditors as it is seeking a release of the second...
News

Ayariga petitions IMF, World Bank over move by Ofori-Atta to set up Stability Fund.

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The Member of Parliament for Bawku Central Constituency, Mahama Ayariga, has written to the International Monetary Fund (IMF) and the World Bank not to lend support to the Minister of Finance Ken Ofori-Atta’s move to set up a Ghana...
Business

Rising debt in developing countries: How do we get access to more capital and how do we not demonise debt? Ofori-Atta asks.

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Finance Minister Ken Ofori-Atta has said that the recent World Bank-International Monetary Fund (IMF) meeting held in Marakesh, Morroco provided a platform to raise issues such as financial architecture recalibration and the challenges distressed countries faced due to the...
Finance

IMF bailout: Quickly agree on debt relief terms – Ofori-Atta begs bilateral creditors.

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The Ministry of Finance has appealed to its bilateral creditors to quickly agree on the debt relief terms to help Ghana secure the second tranche of the $3 billion International Monetary Fund (IMF) bailout package. He expressed appreciation to the...
Finance

IMF/World Bank annual meetings open in Morocco.

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The 2023 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Monday opened in Marrakech, Morocco. This is the second time that an African country is hosting the meetings of the two global finance...
News

Ghana’s economic situation worse than last year – Minority disputes IMF review.

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The Minority in Parliament says it expected the recent review carried out by the mission team of the International Monetary Fund (IMF) to offer a modicum of improvement in Ghana’s economic situation. However, the caucus estimates, the data show that...
BUSINESS

Ghana’s Economy Experiencing Turnaround – IMF.

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Ghana’s economy is experiencing a rapid turnaround, according to the International Monetary Fund (IMF). The Fund confirmed that macro-economic stability is being experienced, while international reserves are also increasing at a steady pace. The announcement was made by the Fund’s Chief...
Business

IMF and Uganda reach a $240 million funding arrangement.

Admin -
Uganda and the International Monetary Fund have reached an agreement for 240 million US dollars in financing. The IMF staff made the announcement Wednesday (Dec. 21). The deal on economic policies concludes the 2nd & 3rd reviews under the Extended...
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Akufo-Addo Called to Finalize Anti-Gay Bill Before Leaving Office – Presby Church Moderator.

The Moderator of the Presbyterian Church of Ghana, Dr. Abraham Nana Opare Kwakye, has called on President Nana Addo...
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Akufo-Addo Called to Finalize Anti-Gay Bill Before Leaving Office – Presby Church Moderator.

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The Moderator of the Presbyterian Church of Ghana, Dr. Abraham Nana Opare Kwakye, has called on President Nana Addo Dankwa Akufo-Addo to assent to...

CETAG Poised to Launch Indefinite Strike Over Unsettled Demands.

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The Colleges of Education Teachers Association of Ghana (CETAG) has announced its decision to embark on an indefinite strike starting December 31, 2024. The declaration...

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“Parliament Adjourns to January 2 Without Approving Expenditure in Advance of Appropriation”

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Parliament has adjourned its seventh meeting of the fourth session of the Eighth Parliament to January 2, 2025, without approving the GH₵68.13 million Expenditure...

“Patience Ozokwor Reveals Shocking Career Move Before Acting”

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Veteran Nollywood actress, Patience Ozokwor, widely known as Mama G, has reflected on her life and struggles before stardom. Speaking on the sidelines of the...

“14 Universities Receive Prestigious Presidential Charters”

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President Nana Addo Dankwa Akufo-Addo has conferred Presidential Charters on fourteen university colleges at an event in Accra.  The presentation ceremony, held on Thursday, 20th...

TRAGIC NEWS: C Confion Kicks the Bucket.

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The Ghanaian entertainment industry is in mourning following the sudden passing of Bright Owusu, popularly known as C Confion, a talented up-and-coming comedian. C Confion's...

“Take Action on Cholera Outbreak Now, Minority Urges Government”

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Ghana risks facing a cholera epidemic before the new administration assumes office if the Akufo-Addo government fails to act decisively, the Minority in Parliament...

“Over 60% of Ghanaians Contemplating Leaving, According to Afrobarometer”

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A recent Afrobarometer survey has revealed that a significant majority of Ghanaians are considering emigrating, with economic improvement cited as the primary motivation. Conducted in...

“GNAT Urges Next Administration to Dedicate Funds to Support Pre-Tertiary Education”

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The Ghana National Association of Teachers (GNAT) is pushing for the state to urgently set up a system of dedicated funding for senior high,...

“COCOBOD’s Struggles Amid High Cocoa Prices Due to Weak Harvests – IMF.”

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The International Monetary Fund (IMF) has flagged 2024 as a particularly challenging financial year for Ghana Cocoa Board (COCOBOD) despite some gains recorded in...

Menzgold Customers in Crisis Turn to Mahama for Help.

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Customers of the collapsed MenzGold Ghana Limited have urged the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address...

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Rose Amoanimaa Yeboah Faces Grace Mintah in Race for SWAG Sports Personality of the Year.

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The competition for the Sports Personality of the Year award at the 49th Sports Writers Association of Ghana (SWAG) Awards promises to be a...

Suspect Arrested for Damaging Vehicles at Parliament, Identity Unknown.

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An unidentified man has been arrested for allegedly vandalizing vehicles on the premises of Ghana’s Parliament today in Accra.  Reports indicate that the suspect, a...

PMMC Condemns Disruption at National Assay Centre, Affirms Gold Bars are Controlled by BoG.

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The Precious Minerals Marketing Company (PMMC), Ghana’s legally mandated National Assayer, has expressed deep concern over an incident at the National Assay Centre located...

Former Chinese Official Executed for Role in $412 Million Corruption Scandal.

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China has executed Li Jianping, a former official from Inner Mongolia, for corruption involving approximately 3 billion yuan ($412 million). The case marks a rare...

Ex-Man City Star Mario Balotelli’s Former Girlfriend Dies Following Butt Lift Complications.

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A former Playboy model who dated ex-Manchester City star Mario Balotelli died after complications from a Brazilian Butt Lift, MailOnline can reveal. Tabby Brown, 45,...

Bawku has witnessed two deaths from malnutrition, and 65 cases have been recorded in 2024.

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At least two children have died due to malnutrition, with 65 cases reported in the Bawku Municipal area in 2024. The ongoing conflict in the...

The Supreme Court will release its decision regarding the anti-LGBTQI case today.

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The Supreme Court is set to deliver its judgment on two pivotal lawsuits challenging the legality of the Human Sexual Rights and Family Values...

“Minister: ‘We Are Handing Over a Robust Economy'”

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Finance Minister, Dr. Mohammed Amin Adam, has expressed confidence in the economy the New Patriotic Party (NPP) government is leaving behind as it prepares...

“Kwashieman Schools Holding Ballot Boxes Ravaged by Fire, Police Investigating”

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The Ghana Police Service, in collaboration with the Ghana National Fire Service, has launched an investigation into a fire outbreak that occurred in the...

“Bombs, Not Balls: The Rising Danger for Children in India”

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Over the last three decades, at least 565 children in the Indian state of West Bengal have been injured or killed by home-made bombs,...

“Ghana Bags 17 Trophies at the 2024 UCMAS International Competition in India”

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Ghana's young academic prodigies have made the nation proud once more by clinching an impressive 17 trophies at the 2024 UCMAS International Competition in...

“Jordan Ayew’s Stunning Equalizer Shortlisted for Leicester City Goal of the Month.”

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Black Stars forward Jordan Ayew’s goal against Ipswich Town in the English Premier League has been nominated for Leicester City’s Goal of the Month...

“Ankle Injury Forces Lamine Yamal to Miss 3-4 Weeks”

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Tests carried out on Monday morning show that the player has a grade 11 injury to the anterior tibiofibular ligament. The first team player Lamine Yamal received...

“NAPO Suggests Halting Parliamentary Business if Ablakwa’s Agenda Is Irrelevant.”

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Manhyia South MP, Matthew Opoku Prempeh, has suggested that Parliament should halt all legislative business if the National Democratic Congress (NDC) MPs believe the...

“Dede Ayew on Le Havre’s Struggles: ‘We Must Ensure We Don’t Lose the Upcoming Games'”

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Ghana forward player Andre Dede Ayew has called for his teammates to do everything possible to avoid losing its immediate upcoming games Stade Briochin...

“Empress Gifty’s Mother, Acclaimed Kumawood Actress, Passes Away.”

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Actress, Evangelist Agnes Annan popularly known as Agaga is reported dead. Agaga is the mother of popular gospel artiste, Empress Gifty. The news of her...

“Ini Edo Applauds Women’s Growing Influence in Leadership Roles.”

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Nigerian actress Ini Edo has commended women in constantly taking active leadership positions across the continent especially in the creative space. The celebrated actress was...

“Ghana Gets Its First AI and Payments Tech Accelerator for Startups, Courtesy of eTranzact and Npontu.”

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eTranzact Ghana and Npontu Technologies, two pioneering and award-winning technology companies in Ghana have announced the launch of an Artificial Intelligence (AI) and Payments...

“Black Queens Set to Play Rwanda or Egypt in WAFCON Qualifiers for Morocco 2026”

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Ghana's Black Queens will have to face one of Rwanda or Egypt in the qualifiers for the 2026 Women's Africa Cup of Nations (WAFCON). Nora...

“World Shoe Makes Its Grand Entrance in Accra”

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World Shoe, a global brand that is set to redefine the purpose of style and the power of footwear by transforming the world one...

“FDA Raises Alarm Over Fake Recruitment Scams Targeting the Public”

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The Food and Drugs Authority (FDA) has issued a public alert regarding recent fake recruitment scams targeting job seekers. These scams typically involve fraudulent messages...

“NDC’s Transformation Plan Centers on Agribusiness, Industrialization, and Economic Stability – Mona Quartey”

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The National Democratic Congress (NDC) has detailed its transformation agenda, which aims to reset Ghana’s economy by focusing on agribusiness, industrialization, and structural reforms. Speaking...

“GRIDCo and ECG bring power back to affected areas following the resumption of gas supply.”

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The Ghana Grid Company Ltd (GRIDCo) and the Electricity Company of Ghana (ECG) have announced the restoration of gas supply from the West African...

“Witness Albert Amoah’s late goal that secured Kotoko’s victory over Hearts.”

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Kumasi Asante Kotoko claimed a dramatic late victory over arch-rivals Hearts of Oak in a thrilling Ghana Premier League clash at the Baba Yara...

“President-elect John Mahama’s vision for the future of Free SHS.”

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President-elect John Dramani Mahama has reaffirmed his commitment to Ghana’s Free Senior High School (Free SHS) policy, assuring Ghanaians that the programme will remain...

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“Indian Teen Makes History, Achieves Milestone as World’s Youngest Chess Champion”

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Indian teenager Gukesh Dommaraju shocked the world of chess on Thursday when he became the youngest world champion at the age of just 18. The...

“Ivory Coast’s Attiéké Granted UNESCO Cultural Heritage Status”

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Attiéké, a beloved national dish of Ivory Coast, has been officially recognized by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as an...

“Nii Lante Vanderpuye Pledges Comprehensive Sports Reform if Reappointed Minister in 2025”

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Youth and Sports Minister, Mustapha Ussif faces growing uncertainty in his role, as calls for his dismissal continue to mount from sections of the...

“In Historic Move, Biden Pardons 1,500 People in a Single Day.”

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President Joe Biden announced Thursday that he is commuting the sentences of some 1,500 individuals and pardoning 39 people convicted of non-violent crimes – marking...

“Cholera Claims 14 Lives in Western Region, Over 800 Infected.”

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A total number of 14 persons have lost their lives in a cholera outbreak in the Western Region, with several others hospitalized across various...

“Miracles Aboagye Sets the Pace, Returns Land Cruiser and Urges Fellow Colleagues to Follow.”

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Miracles Aboagye, the spokesperson for the New Patriotic Party (NPP) flagbearer's campaign for election 2024, Dr Mahamudu Bawumia, has urged outgoing government appointees to...

“Teacher Victimized in Brutal Student Attack; GNAT Demands Justice”

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The Ghana National Association of Teachers (GNAT) has demanded justice for a teacher who was stabbed in the left eye by a loitering student...

“Three Catholic Priests Attacked and Assaulted in Nkwanta.”

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Three Indian Catholic priests based at Kpassa in the Nkwanta-North District of the Oti Region were brutally beaten by a mob at a fuel...

“Tema Central Election in Dispute as EC Official Claims Coercion in Ebi Bright’s Victory.”

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The Tema Metropolitan Electoral Officer of the Electoral Commission (EC), Ofusehene Asante Manasseh, has alleged that he was coerced by prominent members of the...

“France Appoints Francois Bayrou as New Prime Minister.”

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France’s embattled President Emmanuel Macron has appointed centrist ally Francois Bayrou as prime minister, he announced on Friday, as he seeks to calm a political crisis...

“Apaak Expresses Outrage Over Government’s GH¢118m Debt to WAEC.”

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Deputy Ranking Member on the Education Committee in Parliament, Dr. Clement Apaak, has added his voice to calls for the government to settle the...

“Chinese President Xi Jinping Extends Congratulations to Mahama on His Presidential Victory.”

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Chinese President Xi Jinping on Wednesday, December 11, 2024, sent a congratulatory message to John Dramani Mahama on his election as president of Ghana. Noting that Ghana...

“NDC Secures Legal Victory, Halting Nsawam-Adoagyiri Re-Collation Process.”

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The National Democratic Congress (NDC) has allegedly secured a court injunction to halt the re-collation of parliamentary results for the Nsawam Adoagyiri constituency. This legal...

“Afenyo-Markin Guarantees Order as Parliament Reconvenes on December 16.”

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The Majority Leader, Alexander Afenyo-Markin, has assured Ghanaians of a smooth and orderly parliamentary session when the House reconvenes on Monday, December 16. He noted...

“Ex-Premier League Footballer Faces 20 Years Behind Bars for Corruption in China.”

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A former Chinese soccer star and coach of the country’s national men’s team has been sentenced to 20 years in prison for corruption, state...

“UK and US Jointly Invest $2.9 Million to Strengthen Healthcare in Ghana.”

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The United Kingdom and United States are today contributing almost $3million (GHS 44 million) towards a partnership with the Government of Ghana to strengthen...

Parliament to convene at Accra International Conference Centre on December 16

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The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has announced that the upcoming parliamentary session will take place at the Grand Arena of the...

Kylian Mbappé-linked investigation closed by Swedish prosecutors.

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Prosecutors in Sweden have closed an inquiry into a case of alleged rape, which Swedish media had linked to French football captain Kylian Mbappé. Marina...

“Brazil’s Lula to Have Additional Surgery After Brain Hemorrhage Emergency Operation”

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Brazilian President Luiz Inacio Lula da Silva is expected to undergo an additional medical procedure on Thursday as part of his treatment following the...

“KNUST Student and Unidentified Passenger Perish in Tragic Trotro Accident.”

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A third year Geography student of the Kwame Nkrumah University of Science and Technology (KNUST) identified as Afua Dedaa Osae-Atuah and one other individual...

“Elon Musk Becomes World’s First Billionaire to Achieve $400 Billion Net Worth.”

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The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him...

“Dumelo Defends Political Path: ‘Don’t Judge Me by My Acting Background’”

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Ghanaian actor and politician, John Dumelo has reacted to criticism about his switch from entertainment to politics. In an interview on Hitz FM's Daybreak Hitz with Andy...

“Deadly Accident at Gomoa Okyereko Claims Three Lives, 20 in Critical Condition.”

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Three passengers have died on the spot, while 20 others are in critical condition following a gory accident at Gomoa Okyereko Junction in the...

“FIFA Officially Names Saudi Arabia as Host of 2034 World Cup.”

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The 2034 men's football World Cup will be held in Saudi Arabia, while Spain, Portugal and Morocco will be joint hosts for the 2030...

“Australia Uses Rugby as a Strategic Tool to Limit China’s Influence in PNG.”

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Papua New Guinea (PNG) will join Australia's national rugby league competition, after signing a deal that obligates them to shun security ties with China. The...

“Yoon Vows to ‘Fight to the End’ Amid Growing Challenges in South Korea.”

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Embattled South Korean President Yoon Suk Yeol has defended his shock decision to declare martial law last week, saying he did it to protect the country's...

“Mediterranean Ordeal: 11-Year-Old Girl Found Safe After Three Days Adrift on Tyre Tubes.”

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An 11-year-old girl has been rescued after clinging to inner tubes for three days in stormy weather in the Mediterranean. Rescuers from non-governmental organisation Compass...

“NSA PRO Guarantees Baba Yara Stadium Will Be Ready for Kotoko vs Hearts of Oak Match”

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The National Sports Authority has assured Ghanaians that the Baba Yara Sports Stadium will be ready to host the Ghana Premier League Super Clash...

“Government Appointees Given Deadline to Return Vehicles, Jubilee House Announces”

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The Office of the President has issued a clear directive to all government appointees to return official vehicles in their possession by January 3,...

CanCham Seeks Mahama’s Efforts to Deepen Canada-Ghana Business Partnerships.

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THE Canada Ghana Chamber of Commerce (CANCHAM) says the chamber looks forward to working with the incoming government to be headed by John Dramani...

CBG Solidifies Commitment to SMEs with Strategic Trade Mission to China.

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THE Director of Retail and Business Banking at Consolidated Bank Ghana (CBG), Emmanuel Nikoi, has reinforced the bank’s commitment to enhance the capabilities of...

Ghana’s Economic Recovery Faces Risks, IMF Warns Amid Stabilization Efforts.

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The International Monetary Fund (IMF) has completed the third review of Ghana's $3 billion Extended Credit Facility (ECF) programme, highlighting significant risks that could...

Woman Remanded Over Alleged GHC 256,000 Visa Fraud Scheme.

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An Accra Circuit Court has remanded into police custody a 45-year-old woman, Faustina Foli, who allegedly defrauded an insurance officer of GHC265,000. Foli, who is...
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