Tag: Bailout
-
IMF mission staff arrive in Ghana today to assess implementation of economic recovery programme
A mission staff from the International Monetary Fund (IMF) will arrive in the country today, Wednesday June 7, 2023, to assess the implementation of Ghana’s Economic Recovery Program. This will be the first-ever visit by the IMF after its Board approved Ghana’s bailout on May 17 as it seeks to examine progress of the agreement.…
-
New taxes, tariff hikes crucial for Ghana’s bailout – IMF
The International Monetary Fund (IMF) has justified the adoption of three mobilization measures as well as the increase in utility costs as Ghana attempts to fix its balance of payment problems. Despite criticisms, the Excise Duty, Growth and Sustainability, and Income Tax Amendment laws aim to generate GHS4 billion for the country each year. These,…
-
Seth Terkper writes: Reading IMF “between the lines” on holidays
Introduction The 2020 new year holidays have come and gone and, despite assurances of an “exit” from the Institution a few months back, the most significant market and fiscal developments relate to the International Monetary Fund (IMF) post-Budget Statement. IMF Article IV: based on “headline” scores, the view was bullish in some official and unofficial…