The International Monetary Fund (IMF) has been described as the lender of last resort for countries in financial distress. But the stiff medicine doled out by the fund is still subject to huge controversy. Following the ravages caused by World War II, the International Monetary Fund (IMF) was originally established to allow countries with payment deficits to borrow money temporarily and repay their debt to others.
Today, National Communicator Officer of the National Democratic Congress, Sammy Gyamfi had an exclusive interview with the host of Hot News on Pan African TV, Justice Appiah. Each time Sammy Gyamfi speaks, there is more reason for him to be declared as arrogant and proud as he clearly disregards age and blasts authorities directly without altering his words.
The plan does not involve direct lending to countries, nor draw on the imf’s balance-sheet. It instead entails the creation and allocation of “special drawing rights” (sdrs), a quasi-currency created in the 1960s in an effort to boost the supply of high-quality reserve assets such as dollars and gold.
Almost every government include creating jobs for the youth in their campaign manifesto. These campaign promises seem to be propaganda speeches as countless youths still face unemployment in this country. Ex-President John Dramani Mahama campaigned on jobs for the youth but during his era, he went into agreement with International Monetary Fund (IMF) which even put a restriction on his government not to employ youths in the country.
10. Togo For a population of 7.4 million people and GDP/h of 672 dollars, their Gross Domestic Product is estimated at 6 billion dollars. Advancement in infrastructure, power generation risen from 12% to 26% of GDP over the period 2012-2015 and improved economic growth by 1.5% by 2021.
The long weekends is finally over and Captain Smart appeared on his TV show this morning 23rd August 2021 live on Onua TV and Onua FM. The appearance of Captain Smart on the show is quit strange as he bandage his head with a piece of cloth which is red in colour.
Captain Smart has revealed the only President Ghana have had since 1992 who had enough sense in his brains to govern and govern the country well. This morning on his live morning show Onua Maakye, he stated that the only President Ghana have had since 1992 and had enough sense was former President John Kofi Agyekum Kufuor who was able to manage our economy well and even make our cedi compete very well with the dollar.
The spokes person for the loud media silence with all due respect Kelvin Ekow Taylor has finally reveal another secret to Ghanaians on his official Facebook page without hesitating. It is clear that the current president Nana Addo Dankwah Akuffo have borrowed a lot of monies from outside countries.
The International Monetary Fund (IMF) has revealed Ghana's debt to GDP for 2020 and Ghanaians have reacted to it massively and causes massive stir on social media on Sunday, 16th May, 2021 when the announcement was made in the media.According to report, Ghana's Debt to GDP for year 2020 which has generated massive debate between NDC and NPP in the country for some months now has been settled by IMF and it has been known that, Ghana's Debt to GDP is standing at 78% and not 76.1% as claimed by NPP folks.
The Loud Silence TV Show host, Mr. Kelvin Taylor has accused the ruling New Patriotic Party of using a whopping 6 trillion cedis to buy just facemasks and hand sanitizers for students. The social media journalist, on his show, yesterday, 27th August, blasted that government for going in for an IMF fund, when they criticized the former president for doing the same.
As his usual duty, the president went to France to seek for financial support due to the heavy economic impact the Covid has brought on Ghana’s economy at Paris this Tuesday. 24 heads of state from Africa alone attended this meeting on Tuesday making it one of the biggest meeting held during this pandemic.
Because of the scarcity of jobs, many Ghanaian adolescents are forced to live on the streets. The previous and current governments have failed the youth in that most of the factories and enterprises created by the first president, Osagyefo Dr. Kwame Nkrumah, have been left to rot in the bush rather than being renovated to employ the unemployed youth.
Africa is the world's most blessed continent, but many people continue to live in abject poverty as a result of terrible leadership. Nigeria has significantly more natural resources and people resources than Dubai, but there is no way Nigeria can be compared to Dubai. Because to visionary and altruistic leaders who have the nation's best interests at heart, a country that was once a desert nation has become a global tourism hotspot.
The IMF over the years has been criticized for contributing to the economic management and governance of Ghana through many of its interventions. Despite the criticism, it is on record that the IMF has provided critical fiscal, balance of payment and policy interventions without which the Ghanaian economy would have suffered near collapse.
Ghana is currently in GH¢ 334.6 billion dept -Economist says each Ghanaian owes GH¢11,133 out of this dept -There are fears the country could plunge into a dept crisis The international Monetary Fund - a global lender to Ghana - says the country is in debt. Recent statistics from the IMF show at ghanaians depth is currently GH¢ 334.6 billion cedis.
Ghana has received a one-billion-dollar loan from the International Monetary Fund (IMF) as part of the new Special Drawing Rights (SDRs) allocation to aid member nations' post-COVID economic recovery. The IMF Board of Governors agreed a general allocation of SDR456.2 billion on August 2, 2021.To enhance global liquidity and economic recovery following the terrible impact of the Covid-19 pandemic on lives and livelihoods, a total of US$650 billion has been allocated, with around US$33.7 billion going to African countries.
The Minister for Finance, Ken Ofori-Atta, has placed a loan agreement of $28 million before the floor of Parliament. This loan is to help procure 275 vehicles for the 8th parliament members. In a report filed by Citinews, in the papers presented to Parliament, the loan will be sourced from the National Investment Bank, NIB.
Not too long ago, a Movement from Twitter lead by KalyJay was calling on the government to Fix the country .His tweets gained massive support from the youth which went viral earlier Month.What youth are requesting from the government is to Cut out Needless taxes added to this year’s budget, fix the power outage problems in the country, fix the bad roads,
The International Monetary Fund (IMF) has lauded Ghana for viably dealing with the country during the ascent of worldwide pandemic, COVID-19.As indicated by the IMF, regardless of the financial difficulties brought about by the pandemic, the few strategies set up by the public authority are assisting the Ghanaian economy with bouncing back.
The Member of Parliament for the Nhyiaso Constituency, Stephen Amoah, has asked Sam George that his government has left behind a lot of mess for them to inherit and he expects them to clear all that mess? Stephen Amoah made this statement on the 'New Day' program on TV3 this morning, 26th May 2021, when he responded to his co-panelist Sam George's statement that Akufo Addo and his government have failed in fulfilling the juicy promises they made to Ghanaians before the elections.