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ALL POSTS FILED UNDER: IMF

$3bn IMF cash pushes Ghana’s int’l reserves to $5.7bn – Governor Addison

May 22, 2023 2:26 pm Add a Comment

The Governor of the Bank of Ghana (BoG) Dr Ernest Addison has revealed that Ghana’s international reserves have shot up to $5.7 billion with the $ 3 billion bailout approved for Ghana by the International Monetary Fund (IMF) and with … Read more →

Prez. Akufo-Addo appeals for concessionary loans from World Bank, IMF

April 27, 2023 10:33 am Add a Comment

Ghana has appealed to the World Bank and the International Monetary Fund (IMF) for concessionary loans to revive the economy as private sector funding dries up. The facility is a loan made on more favourable terms than the borrower could … Read more →

Ghana’s path to low inflation can be long, painful – IMF

April 13, 2023 10:00 am Add a Comment

The International Monetary Fund (IMF) has warned that Ghana will need austerity measures in the coming months to bring inflation back to the single digit territory. The fund said the process could be long and painful, as sustained fiscal imbalances … Read more →

IMF lowers Ghana’s growth rate to 1.6% in 2023

April 12, 2023 8:07 am Add a Comment

The International Monetary Fund has lowered Ghana’s growth rate to 1.6% for this year, from the earlier projection of 2.8% in its April 2023 World Economic Outlook (WEO) Report. This is coming after the World Bank cut the country’s growth … Read more →

IMF reaches Staff-Level Agreement on a $3bn, 3 years Extended Credit Facility with Ghana

December 15, 2022 7:04 am Add a Comment

Staff-Level Agreements on economic policies and reforms have been achieved between the government and the International Monetary Fund, and they will be supported by a new $3 billion, three-year Extended Credit Facility (ECF) arrangement. The government’s robust reform program, which … Read more →

IMF talks, 2023 budget can proceed without Ofori-Atta – Mahama

October 28, 2022 9:50 am Add a Comment

Former President John Dramani Mahama is not backing down on calls for the dismissal of Finance Minister, Ken Ofori-Atta. He is also not accepting pleas from President Nana Akufo-Addo for Ofori-Atta to latch onto his position until the passage of … Read more →

Our IMF engagement is most transparent – Prez. Akufo-Addo

October 18, 2022 3:17 pm Add a Comment

President Nana Addo Dankwa Akufo-Addo says Ghana’s current engagement with the International Monetary Fund (IMF) is the most transparent ever. According to him, his government has been candid to the Ghanaian public at every stage of discussion without hiding anything. … Read more →

This should be the last time we’re going to IMF – Mahama

October 13, 2022 9:17 am Add a Comment

Former President Mahama has called for an end to the continuous resort to the International Monetary Fund (IMF) by successive governments for economic bailout. “Going and coming and going and coming is really. . .it creates a certain instability in the whole … Read more →

IMF cuts global growth forecast for 2023, warns ‘worst is yet to come’

October 12, 2022 9:17 am Add a Comment

The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage point lower than its July forecast, and anticipates 2023 will feel like a recession for millions around the world. Aside from the global financial crisis … Read more →

Work with greater alacrity for a programme with IMF – Mahama tells gov’t

October 5, 2022 7:36 am Add a Comment

The government of Ghana must work with a greater alacrity to get a programme with the International Monetary Fund (IMF), former President Mahama has said. In his view, Ghana needs a programme to create a more predictable economic outlook. In a tweet, … Read more →