Tag: budget financing
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$1bn SDR allocation will avoid out-crowding of private sector – Economist
Economist Courage Martey is confident the crowding out of the private sector in accessing funds could be averted if the government opts to draw down from the US$1 billion it received from the International Monetary Fund (IMF), as part of the new Special Drawing Rights (SDRs) allocation to boost the post-COVID economic recovery of member…
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BoG to finance government’s budget with ¢10bn to tackle COVID-19 impact
The Bank of Ghana says it will support the government’s budget with 10 billion cedis to enable it address the economic impact of COVID-19 on the country. This will include an initial amount of 5.5 billion cedis of the COVID-19 relief bond. The Governor of the central bank, Dr. Ernest Addison, disclosed this at a…