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ALL POSTS FILED UNDER: IMF

Ghana is broke – IMF

March 31, 2016 11:17 am Add a Comment

The International Monetary Fund (IMF) has expressed renewed concerns over Ghana’s deteriorating debt situation. According to the Fund, “Ghana is at high risk of debt distress and faces exceptionally high gross financing needs.” In an exclusive email conversation with … Read more →

World Bank, IMF blamed for Ghana’s debt crisis

October 23, 2015 7:19 am Add a Comment

An Economist and Senior Lecturer with the University of Cape Coast (UCC), Dr John Gatsi has accused the Bretton Woods Institutions of luring Ghana into a debt trap. According to him, both the International Monetary Fund (IMF) and World Bank … Read more →

IMF pleased with Ghana’s progress

October 10, 2015 6:44 am Add a Comment

A Deputy Managing Director of the International Monetary Fund (IMF), Mr Min Zhu, says the fund is happy with the progress the country has made since last year when it applied for support. Last year, Ghana was in a really … Read more →

You are responsible for your debt – IMF to Ghana

October 9, 2015 6:34 am Add a Comment

The International Monetary Fund (IMF) has stated emphatically that Ghanaians are collectively responsible for the country’s growing debt. The Fund said it can only advise and provide support within its programme with Ghana but the country must take responsibility for … Read more →

IMF lists Ghana as country eligible to receive HIPC assistance

September 23, 2015 8:54 am Add a Comment

Ghana has made the list of countries that are eligible to receive assistance under the Highly Indebted Poor Country initiative by the International Monetary Fund (IMF). The HIPC Initiative was launched in 1996 by the IMF and World Bank, with … Read more →

IMF begins review of support for Ghana

June 18, 2015 8:29 am Add a Comment

An International Monetary Fund (IMF) team visiting Ghana has begun the first assessment of the government’s performance under the three-year programme for the release of the next credit facility of $114 million. The Finance Minister, Mr Seth Terkper, said at … Read more →

IMF approves Ghana’s 3-yr bailout request

April 7, 2015 7:37 am Add a Comment

The Executive Board of the International Monetary Fund (IMF) on Friday approved a three-year arrangement under the Extended Credit Facility (ECF) for Ghana in an amount equivalent to SDR 664.20 million (180 percent of quota or about US$918 million) in … Read more →

Ghana reaches agreement with IMF

February 26, 2015 7:59 am Add a Comment

Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal worth around $1 billion aimed at restoring fiscal stability to the country, a source close to the talks told Reuters. The deal could … Read more →

IMF questions Ghana over growth rate figures

October 22, 2014 6:58 am Add a Comment

The International Monetary Fund (IMF) is asking the Ghana Statistical Service (GSS) explain how it arrived at the 6.9 percent figure as the country’s estimated growth for this year. A top official of the GSS confirmed this to Citi Business News. According … Read more →

Focus on IMF and stop the flagbearer thing – Kwesi Pratt to NPP

October 15, 2014 7:51 am Add a Comment

For a couple of weeks now, discussions on the impending primaries of the New Patriotic Party (NPP) have been rife on the airwaves; with several political and socio-economic commentators either offering an advice to the party aspirants or rather pillorying … Read more →