Tag: ECF
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IMF’s latest statement on Ghana’s program
The International Monetary Fund (IMF) concluded its fourth review of Ghana’s program with the Fund on Wednesday, August 30, 2017. The review ended with an extension of the program by one year and the approval of US$94.2 million disbursement. For a complete overview of the program so far, read the statement below from the IMF.…
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IMF, Ghana programme extended by a year
The International Monetary Fund (IMF) has extended Ghana’s program with the Fund. The extension will see Ghana end the program in April 2019 instead of April 2018. President Akufo-Addo during his maiden encounter with senior journalists at the Flagstaff House recently stated that government will not extend the programme after it ends on December 2018.…
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4th IMF tranche to stabilize cedi fall – Analysts
Investment fund managers are upbeat of the impact of the disbursement of the fourth tranche of the IMF’s extended credit facility, on the stabilization of the cedi. They believe the move should also bring some stability to the economy and bring respite to businesses. Finance Minister, Ken Ofori Atta has hinted of a meeting between…
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Govt to end IMF deal in April 2018 – Ken Ofori-Atta
Finance Minister, Ken Ofori-Atta has disclosed that the government is committed to ending its agreement with the IMF in April 2018. This according to him has made it necessary for the government to consider alternatives in addressing deficits and maintain a sound economy for businesses to thrive. The comment by Mr. Ken Ofori-Atta is a…
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IMF Article 4 survey predicts positive growth for Ghana
The International Monetary Fund (IMF) has projected a more promising economic prospect for Ghana’s economy for the rest of 2017. According to the fund, the increased oil production, declining inflation, plus other economic indicators are expected to inch Ghana’s economy towards achieving an end of year growth target of about 6 percent. “Economic prospects in 2017…