Thursday, October 31, 2024

IMF

IMF expects revenue to underperform target and expenditure to overshoot target

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...

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

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...

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

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...

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

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...

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

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...

IMF/World Bank annual meetings open in Morocco.

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...

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

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...

Ghana’s Economy Experiencing Turnaround – IMF.

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...

IMF and Uganda reach a $240 million funding arrangement.

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...

Shehu Sani cautions against begging the West as Akufo-Addo accepts an IMF loan.

Shehu Sani, a former senator of the Federal Republic of Nigeria has reacted to Ghana’s president Nana Akufo-Addo’s recent advice to African leaders against begging from the west. He said the Ghanaian president cannot call on African leaders to stop...
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Ghana is now bad model of democracy; our judiciary is not independent – Mahama.

The Presidential Candidate for the National Democratic Congress (NDC), John Mahama, says the country has become a bad model...
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