Tag: IMF
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IMF mission to visit Ghana from September 26 to October 7
An International Monetary Fund (IMF) staff team will be in Ghana from September 26 to October 7 to continue discussions with the government on policies and reforms that could be supported by a lending arrangement. IMF staff will also further engage with other stakeholders during the visit. The IMF team will be led by Stéphane…
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Ghana set to start debt-restructuring talks for local bonds
Ghana is poised to start talks with domestic bondholders on a restructuring of its local-currency debt as part of the West African nation’s plan to secure a $3 billion loan from the International Monetary Fund. The country’s eurobonds extended declines. This is according to the Bloomberg. The nation’s largest debt investors including local banks and…
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IMF to deploy another mission to Ghana in coming weeks
The International Monetary Fund is set to deploy another mission to Ghana in the coming weeks as the country races against time to tie down a bailout programme. In July, a staff mission visited Ghana for initial discussions after the Akufo-Addo administration announced its intentions to head back to the IMF for a bailout. Ghana…
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New IMF Mission Chief for Ghana arrives in Ghana, meets Ofori-Atta and 1st Deputy Governor
The new International Monetary Fund, IMF, Mission Chief for Ghana, Stéphane Roudet, has paid a courtesy call on the Minister for Finance, Ken Ofori Atta and the first Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku Afari. Stéphane Roudet is in the country following his appointment as the new IMF Mission Chief for…
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Ghana-IMF $3bn deal to be finalised before end of year – IMF boss
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has stated that a deal between Ghana and the IMF should be reached and finalized before the end of the year. In a closed-door meeting with the President of the Republic, Nana Addo Dankwa Akufo-Addo, on Monday, 5th September 2022, on the sidelines of…
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We’re ready to help Ghana stabilize economy – IMF
The International Monetary Fund (IMF) has expressed its willingness to help Ghana stabilize its economy. This was disclosed by the IMF’s Managing Director, Kristalina Georgieva in a tweet after a meeting with the Finance Minister, Ken Ofori-Atta. The IMF concluded a fact-finding mission to Ghana in July in which it met with key stakeholders like…
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Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns
The International Monetary Fund has warned of “economic collapse” in many African economies as the impact of the Russian-Ukraine war has worsened with commodity price shocks and increased cost of living for hundreds of millions of people. According to IMF Managing Director Kristalina Georgieva, inflation is now higher than expected. It has broadened beyond food…
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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 team concludes visit to Ghana
After a week of intense negotiations with the Government of Ghana, officials of the International Monetary Fund, IMF, have concluded their visit to Ghana. The visit which formed part of the first stage of negotiations with government, was part of efforts to assess the current economic situation and discuss the broad lines of the government’s…
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‘IMF support will help revive our economy’ – Akufo-Addo
President Nana Akufo-Addo is confident the International Monetary Fund support government is seeking will help restore macroeconomic stability and revive the distressed economy. Nana Akufo-Addo says many countries across the world are suffering from an economic meltdown. Speaking at the swearing-in of some new Ambassadors and High Commissioners at the Jubilee House, Nana Akufo-Addo said…