The International Monetary Fund (IMF) is conducting a thorough debt sustainability review with the Bank of Ghana and Ministry of Finance officials for a US$3 billion bailout program. The government of Ghana is putting together a thorough post-Covid-19 economic blueprint, which would serve as the foundation for IMF negotiations, according to a statement from the ministry.
Ghanaians have delved into the main agenda regarding initiatives to be rolled out by the International Monetary Fund in bringing back total sustenance to the Ghanaian economy. This was after the International Monetary Fund (IMF) announced that its economic program in Ghana will focus heavily on debt sustainability.
From now until October 7, a staff delegation from the International Monetary Fund (IMF), led by Stéphane Roudet, Ghana's mission chief, is scheduled to visit Accra. The staff delegation is expected in Ghana today 26th September and continue talks with Ghanaian officials about policies and reforms that might be financed by an IMF funding arrangement.
The return of Ghana to the IMF over the course of three years underscores its most profound economic
Ghana is again seeking assistance from the International Monetary Fund (IMF) to enable the country to meet its payments to the rest of the world and restore the health of government finances. It is the second time in the past three years and the 17th since independence in 1957 that Ghana has turned to the IMF for help.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has sent an important message to Ghanaians. A tweet from the IMF Director reads; "Constructive meeting w/ Finance Minister Ofori-Atta & his team on Ghana's economic challenges and the way forward.
The Financial Analyst, Michael Nii Yarboi Annan comments on the economic crisis and ended up serving a strong notice to the ruling government that if they could be a bit more discipline, then they don't need the International Monetary Fund (IMF). According to Michael Nii Yarboi Annan, the International Monetary Fund (IMF) can never be the solution to the economic crisis in Ghana and will never be because of the economy's balance of payments.
In the upcoming weeks, the International Monetary Fund will send another delegation to Ghana as the nation struggles to finalize a bailout plan. After the Akufo-Addo administration declared its plan to return to the IMF for a bailout, a staff team traveled to Ghana in July for preliminary talks.
The depreciation of the cedi against the dollar has totally affected our economy and all the businesses and companies in the country. Ghanaians are looking forward to the government finding ways in which the cedi becomes stable and better against the dollar. The government spoke about going to International Monetary Fund (IMF) for financial assistance to help shape the economy and make it stable but it is not yet settled.
From September 26 to October 7, a staff delegation from the International Monetary Fund (IMF) will be in Ghana to continue discussions with the government about policies and reforms that could be financed by a lending agreement. During the visit, IMF staff will also interact with other stakeholders more.
Ghana is currently undergoing difficult times financially. The government has had to run to the International Monetary fund for financial relief as the economy dips into the ditch. It must have been a difficult decision to take considering the fact that government had resisted all calls from John Mahama led opposition to run to the IMF.
Ghana is currently undergoing difficult times financially. The government has had to run to the International Monetary fund for financial relief as the economy dips into the ditch. It must have been a difficult decision to take considering the fact that government had resisted all calls from John Mahama led opposition and Civil Society Organizations to run to the IMF.
Seems data consistency which feeds into data credibility is a huge challenge for the Bank of Ghana and the Nana Addo-Bawumia government with new figures popping up intermittently. Do you know why the right figures are coming up? It might be that the International Monetary Fund won't take any fake figures, if you give them fake figures and they find out they will either cancel the bailout process or sanction you.
Looking at how economically distressed we are as a country, we cannot do away with key Finance, Banking and Economic Planning experts like Dr. Kwabena Duffour in our quest of resolving these challenges. Follow me and let's unfold his life chapters, and justify why he is critically needed in mitigating our economic challenges.
His Excellency John Dramani Mahama, former president of Ghana, has clashed with the International Monetary Fund over the real causes of Ghana's present economic woes. Ghana is currently in an economic quagmire, with ordinary Ghanaians suffering skyrocketing prices roundabout, the latest being an increase in utility bills.
Nokor3 No Nie: Ghana's Economic Difficulties Not Due To Bad Policies; It's External Factors IMF Boss
The International Monetary Fund's current Managing Director (MD) and Chairwoman, Bulgarian economist Kristalina Georgieva, has stated that Ghana's current economic difficulties are not the result of bad domestic policies. Georgieva, who has led the IMF since October 1, 2019, says Ghana is suffering from external factors that affect every country.
The current state of the economy has caused many voices to speak calling for reforms. The government has called on the International Monetary Fund to bail out the country to save her from falling into the ditch. Government has blamed external factors for how the economy has turned out to be.
A few weeks ago, Ghana's President, Nana Addo Dankwa Akufo-Addo, gave Finance Minister Ken Ofori-Ata the go-ahead for talks with the International Monetary Fund. The reason for Ghana's return to the International Monetary Fund is to seek assistance from the International Monetary Fund (IMF) to enable the country to meet its payments to the rest of the world and restore the health of government finances.
Edward Kareweh, General Secretary of the Ghana Agricultural Workers Union (GAWU), has stated that the International Monetary Fund (IMF) is not the solution to Ghana's economic problems. According to him, the fund, rather than being a solution, is causing more harm to the country.
The National Democratic Congress's (NDC) Ralph Apetorgbor has called President Nana Addo Dankwa Akufo-remarks Addo's regarding calls to rearrange his cabinet offensive. He lambasted Mr. Akufo-Addo for claiming that those who are advocating for a reshuffle had hidden agendas. He claimed that President Akufo Addo's reaction was disrespectful to Ghanaians and unworthy of a leader of his standing.
Director of the International Monetary Fund, (IMF) Kristalina Georgieva, has backed the government of Ghana’s claim that Ghana’s prevailing weak economic conditions are due to shocks from the Covid pandemic and the Russian-Ukraine war but not policies initiated by the government. Speaking at the ongoing Africa Climate Change Adaptation Summit, Kristalina said shocks from these two unforeseen global circumstances have resulted in Ghana’s economic woes but not bad policies from the government as many Ghanaians are saying.