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    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    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

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    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

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    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

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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

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    EIU analysts forecast grim economic outlook for Africa in 2023

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Involve industry in IMF negotiations – AGI

bycitibusinessnews
August 6, 2014
in Business, Local Economy
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The Association of Ghana Industries (AGI) is asking government to actively involve industry in its engagement with the international Monetary Fund (IMF).

They argue this will ensure that any program entered into with IMF is  beneficial to the economy.

Government has indicated it is heading to the IMF for a programme to get the economy back on track.

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Speaking to Citi Business News, AGI president, James Asare Agyei indicated that the AGI is ready to lend its support  so  the country can get value for money at the side-lines of the launch of the second quarter Business Barometer Report by the Association of Ghana Industry.

The report revealed that business confidence has worsened since 2009.

“There is the need to involve industry; there is the need to involve broader stakeholders so that in the process of the negotiations, we can get the best for the country. We know that IMF interventions comes with some conditionalities but if we negotiate and keep discussing at a level where we are ready to get the best out of it, it will not come with whole sale conditionalities.”

James Asare Adjei added that the AGI will welcome directives from the IMF which would help ensure fiscal discipline

“What we need is fiscal discipline in our economy, so any action or directive that would streamline whatever excesses that are happening in terms of our fiscal indiscipline is very welcomed by industry.”

 

By: Norvan Acquah–Hayford/citifmonline.com/Ghana

 

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