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Business
Ghana secures $370m IMF funding

Ghana secures $370m IMF funding

Finance Minister Dr. Cassiel Ato Forson has revealed that Ghana has secured a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of the country's ongoing programme. The agreement is expected to

Business
Global economists warn of fiscal crisis amid rising debt and election year spending

Global economists warn of fiscal crisis amid rising debt and election year spending

Top economists from the International Monetary Fund (IMF) have urged governments worldwide to exercise fiscal restraint and prioritize debt reduction amid a record number of national elections in 2024. The call comes as global public

Economy
IMF bailout has turned economy around – Akufo-Addo

IMF bailout has turned economy around – Akufo-Addo

Ghana's decision to ask the International Monetary Fund (IMF) for balance of payments support has paid off, according to President Nana Addo Dankwa Akufo-Addo. He credits the IMF support package for the recent drop in

Business
IMF Gives Ghana $600 Million

IMF Gives Ghana $600 Million

The Official Creditor Committee has apparently given the Ghanaian government the go-ahead for the term agreement, allowing the IMF Executive Board to disburse the second tranche of the $3 billion extended credit facility, which consists

Business
You cannot impose import restrictions-IMF to Ghana Government

You cannot impose import restrictions-IMF to Ghana Government

Ghana's government is unable to impose limitations or restrict the importation of necessities into the nation, according to the International Monetary Fund (IMF). This arrangement, which is a part of the IMF rescue package, promises

Business
Ghana To Soon Reach Agreement With Credit Committee

Ghana To Soon Reach Agreement With Credit Committee

The International Monetary Fund (IMF) expects Ghana to quickly reach an agreement with the Official Credit Committee over its external debt restructuring. IMF’s Director of Communications, Julie Kozack, at a press conference in Washington DC

Business
IMF Defends BoG’s GHC60 Billion Unprecedented Loss In 2022

IMF Defends BoG’s GHC60 Billion Unprecedented Loss In 2022

Following the reported GHC 60 billion loss reported by the Bank of Ghana in the 2022 Financial Year, the International Monetary Fund (IMF) has called for calm claiming there is no cause for alarm. After

Economy
Ghana will exit IMF stronger; than what has previously occurred-Palgrave Boakye-Danquah

Ghana will exit IMF stronger; than what has previously occurred-Palgrave Boakye-Danquah

Government Spokesperson on Governance and Security Palgrave Boakye-Danquah , is sure that Ghana would successfully complete the IMF program and emerge from it even stronger than it did from the previous 17 programs. He claimed