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Economy
Good News As Gov’t Prepares To Receive First Tranche of $3bn IMF Cash This Week

Good News As Gov’t Prepares To Receive First Tranche of $3bn IMF Cash This Week

Ghana expects the International Monetary Fund to approve a first loan tranche of $600 million as soon as Wednesday, paving the way for disbursement within a week, Minister of State in the Finance Ministry Mohammed

Business
Three Revenue Bills Approved By Parliament After A Tight Vote

Three Revenue Bills Approved By Parliament After A Tight Vote

Despite the controversies that surrounded the three new tax bills introduced by the government for parliamentary approval, the house has voted to accept these tax measures. The three bills were approved on the floor of

Business
Fiifi Kwetey Describes IMF’s Reasons For Ghana’s Economic Difficulties As Palpable Falsehood

Fiifi Kwetey Describes IMF’s Reasons For Ghana’s Economic Difficulties As Palpable Falsehood

General Secretary of the opposition National Democratic Congress (NDC), Fiifi Kwetey Fiavi has refuted the claims by the International Monetary Fund (IMF) that Ghana's current economic crisis was caused by the COVID-19 pandemic and the

Business
Debt Restructuring: Ghana To Beg China For Mercy – Finance Minister Hints

Debt Restructuring: Ghana To Beg China For Mercy – Finance Minister Hints

Following government's debt restructuring program after the country was declared debt distressed, Finance Minister, Ken Ofori-Atta has hinted that the country is preparing to engage China to ask for pardon. According to the Finance Minister,

Business
IMF Assigns Resident Advisor To Bank of Ghana

IMF Assigns Resident Advisor To Bank of Ghana

In order to deepen financial supervision at Ghana's Central Bank, the International Monetary Fund (IMF) has assigned Leonard Chumo as a financial adviser to the bank. This appointment to the Central Bank by the IMF

Economy
2023 to be tougher for global economy than 2022 – IMF chief says

2023 to be tougher for global economy than 2022 – IMF chief says

This year will be tougher than 2022 for most of the global economy as the United States, European Union and China see slowing growth, the head of the International Monetary Fund (IMF) has warned. IMF

Business
IMF agrees $3b bailout for Ghana

IMF agrees $3b bailout for Ghana

Ghana and the International Monetary Fund (IMF) have agreed at the staff level on economic policies and reforms that would be backed by a new, approximately $3 billion, three-year Extended Credit Facility (ECF) arrangement. The

Economy
Akufo-Addo to address nation October 30

Akufo-Addo to address nation October 30

The president, Nana Addo Dankwa Akufo-Addo will be addressing the nation on the economy Sunday, October 30, 2022. The address is scheduled to be broadcasted on major broadcasting networks across the country at 8 pm.

Opinion
How Ghana’s current economy could increase cyber-fraud

How Ghana’s current economy could increase cyber-fraud

Money is and has always been the driving force for a lot of people with the saying, “whatever problems money cannot fix, more money can”. And those with this mindset will go to great lengths

Business
World Bank, IMF warn of global recession

World Bank, IMF warn of global recession

World Bank President, David Malpass told IMF Managing Director Kristalina Georgieva, "There's a probability and genuine threat of a worldwide recession next year," during the first face-to-face talks between the two groups since the COVID-19