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ALL POSTS FILED UNDER: IMF

Ghana will still not go to IMF – John Kumah

June 24, 2022 8:03 am Add a Comment

Government has ruled out the possibility of turning to the International Monetary Fund (IMF) for a programme to salvage the economy. Ghana exited an Extended Credit Facility Programme a few years ago after completing a program for budgetary support of … Read more →

IMF suspends Afghanistan’s access to funds

August 19, 2021 7:21 am Add a Comment

The International Monetary Fund (IMF) has said Afghanistan will no longer be able to access the lender’s resources. The move follows the Taliban’s takeover of the country last weekend. An IMF spokesperson said it was due to “lack of clarity … Read more →

Ghana, others to benefit from $650bn fund from IMF to fight Covid-19 pandemic impact

August 3, 2021 7:45 am Add a Comment

Ghana and member countries of the International Monetary Fund will benefit from a $650 billion fund approved by the governing board of the Fund to fight the impact of Covid-19 on their economies. The 190-nation lending institution said its board … Read more →

Ghana’s economy rebounding – IMF

May 17, 2021 11:19 am Add a Comment

The International Monetary Fund (IMF) has said Ghana’s economy, supported by a strong policy response, is rebounding after the impacts of the COVID-19 pandemic, which affected the real GDP growth. In a statement issued and signed by its Press Officer, Lucie … Read more →

IMF revises Ghana’s growth rate to 4.6%

April 12, 2021 10:14 am Add a Comment

The International Monetary Fund has revised Ghana’s growth rate for this year, from 4.2 per cent to 4.6 per cent this year. In its latest updated World Economic Outlook Report the Fund also projected an impressive Gross Domestic Product (GDP) … Read more →

We have not classified Ghana as HIPC – IMF

October 28, 2020 8:15 am Add a Comment

The International Monetary Fund (IMF) has denied classifying Ghana as a Highly Indebted Poor Country (HIPC) based on data on its website. According to an e-mail responds sent to JoyBusiness, based on some questions sent to the Fund in Washington … Read more →

Sub-Saharan Africa faces difficult road to recover from Covid – IMF

October 23, 2020 12:33 pm Add a Comment

Covid-19 threatens to undo years of progress in sub-Saharan Africa, the International Monetary Fund (IMF) has said. The Bretton Woods institution added that the region faces a difficult road to recovery. The IMF says it is supporting countries in the … Read more →

NDC lied to IMF and Ghana was fined $36 million – Kufuor recounts

September 7, 2020 8:37 am Add a Comment

Former President John Agyekum Kufuor has said the National Democratic Congress (NDC) administration under former President Jerry John Rawlings once lied to the International Monetary Fund (IMF), leading to Ghana being fined US$36 million. He said this was part of the monumental … Read more →

IMF grants debt relief for 19 African nations

April 14, 2020 12:29 pm Add a Comment

Summary Debt relief will run for an initial period of six months A million masks arrive in Ethiopia Eswatini denies claims about King Mswati’s health Ugandan gay refugee kills himself outside UNHCR’s office SA minister condemns vandalism of 183 schools … Read more →

Coronavirus: Worst economic crisis since 1930s depression – IMF

April 9, 2020 6:25 pm Add a Comment

The coronavirus pandemic will turn global economic growth “sharply negative” this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said the world faced the worst economic crisis since the Great Depression of the 1930s. She … Read more →