Tag Archives: # IMF

Isaac Adongo, the Ranking Member on the Finance Committee in Parliament, has expressed concerns over the recent staff review conducted by the International Monetary Fund (IMF) on Ghana’s three-year Extended Facility Programme. Despite the IMF’s positive evaluation, which positions Ghana to receive the third tranche of $360 million from the …

President Akufo-AddoPresident Akufo-Addo has stated that his government’s decision to secure a $3 billion extended credit facility with the International Monetary Fund (IMF) in July 2022 has paid off, looking at the rate of recovery of the Ghanaian economy since the facility was secured in 2023. Addressing the managing director …

The Executive Board of the International Monetary Fund (IMF) completed today the First review of the $3 billion, 36-month Extended Credit Facility (ECF) Arrangement, which was approved by the Board on May 17, 2023, as well as the 2023 Article IV Consultation with Ghana. The completion of the first ECF …

Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse $600 million to the West African nation, Finance Minister, Ken Ofori-Atta said. The term sheet from the Paris Club Group of creditors and new ones including …

The Ministry of Finance has denied reports in the media that the government missed the deadline for the release of the second tranche of the $3 billion cash from the International Monetary Fund (IMF). The reports indicated that Ghana missed out on the November 1 timeline. But a press statement, …

Alan Kyeremanteng has begun a tour of the Greater Accra region to sell his message to the constituency executives about why he believes he is the right person to lead the party for the 2024 elections In a charged atmosphere Alan Kyeremanteng disclosed that Ghana is at IMF seeking a …

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has observed that the $ 3 billion programme approved for Ghana by the International Monetary Fund (IMF) has reinforced economic recovery. Governor of the BoG Dr Ernest Addison said at the 112th MPC press conference in Accra on Monday, …

Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey has said he is cautiously optimistic that Ghana would close the deal with the International Monetary Fund (IMF) by June this year. He told TV3 on the sidelines of a forum …

The Managing Director of the International Monetary Fund (IMF) says Ghana’s bailout programme would soon be approved by the Executive Board. Kristalina Georgieva said creditors have been meeting to agree on financing assurances for Ghana, which is the last prior action needed for board considerations. “I am optimistic that we …

Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting today to discuss whether to provide enough relief to unlock a $3bn IMF bailout. Ghana owes $5.5bn to foreign governments and their state banks. Ken Ofori-Atta, finance minister, said he …