Tag: Ghana IMF deal
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Work towards receiving second tranche of IMF fund – Prof Gatsi urges govt
As government remains optimistic to receive the disbursement of the second tranche of the $600 million when the International Monetary Fund Staff (IMF) visits Ghana in September 2023, financial analysts have emphasized the need for government to work to meet its structural benchmarks. Government is still in the process of completing the domestic debt restructuring.…
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South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery
In a significant step towards enhancing economic cooperation and addressing shared challenges, Ghana’s Finance Minister, Ken Ofori-Atta, and South Africa’s President, Cyril Ramaphosa, held a productive virtual meeting on Thursday June 1, on the sidelines of the MTN Capital Markets Day in South Africa. The discussion focused on strengthening bilateral ties, exploring mutual benefits, and…
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Analysts welcome IMF approval; advise gov’t against fiscal recklessness
Financial sector analysts have applauded government’s efforts at securing the approval of the $3 billion balance of payment extended credit facility from the International Monetary Fund (IMF). The final approval was made during the Executive Board’s crunch meeting held on Wednesday, May 17, 2023, following Ghana’s official financing assurances from the Paris Club and other…
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Another team of IMF experts expected in the country in some weeks – DR. Touna-Mama
Another team of experts from the International Monetary Fund (IMF) should arrive in Ghana in the next couple of weeks to continue their data gathering exercise as well as further engagements with government, as part of efforts to further assess the country’s economic situation and help in the shaping of government’s Enhanced Domestic Program, that…
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IMF’s Country rep defends mixed assessment of Ghana economy in July 2021
The International Monetary Fund’s Resident Representative to Ghana, Dr. Albert Touna-Mama, defended his outfit’s mixed assessment of Ghana’s economy during the July 2021 Article IV consultations, which said Ghana’s economic outlook was improving. Speaking on the Citi Breakfast Show, Dr. Touna-Mama, explained that the assessment that preceded the dire economic downturn in Ghana was based on…
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IMF to prioritise Banking crisis, GDP growth in 7th review
As the International Monetary Fund (IMF) prepares for the seventh review of Ghana’s performance under the economic assistance program, some economists have outlined issues that are likely to top the discussions. Among them are the government’s efforts at maintaining fiscal discipline as well as controlling the public sector expenditure. The Fund is to meet the…