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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

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    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

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Donor partners have neglected us -Prez Mahama

bycitibusinessnews
July 17, 2014
in Banking And Finance, Business, Local Economy
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President John Mahama is lamenting the posture of development partners to Ghana’s home grown fiscal stabilization policy.

This comes a day after the minister of finance Seth Terkper asked parliament to approve over 3 billion dollars as Supplementary Budget Estimate for the year.

According to government, global and domestic economic environment have necessitated the revision of the country’s macroeconomic framework, including overall real GDP growth, inflation target, overall budget deficit target among others.

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Some financial analysts and economists have called on the government to go for a bailout from the International Monetary Fund (IMF).

But President Mahama speaking at a meeting with paramount Chiefs at the National House of Chiefs in Kumasi said government expected some more support from development partners for its home grown fiscal stabilization policy.

“We however must learn to pull ourselves up by our own bootstraps; it is in challenging things that one needs their best friends, unfortunately our development partners have not been as responsive to our home grown fiscal stabilization policy as I would have hoped” , he stated.

President Mahama said the Senchi report is being finalized and will be made public soon.

” As head of the strategic advisory team we have drawn concrete plans and strategies to guide the implementation of the report and thereby keep Ghana on the path of growth and prosperity…lets all get to work the time for talking is over”, he added.

According to President John Mahama, government expects some gains on the economic front by close of year describing it as a turn-around year.

“Our medium term prospects are very bright and positive…I have had to approve strong but unpleasant measures to increase revenue and reduce expenditure…this year is a turn-around year, we will begin to feel the effects of an economic recovery by the end of this year”.

By:  Rabiu Alhassan/citifmonline.com/Ghana

 

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