Tag: IMF
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IMF team meets BoG, Minister of Finance as negotiations begin
The International Monetary Fund (IMF) as part of ongoing discussions to develop a bailout program for Ghana, has deployed two delegations to hold simultaneous meetings with separate teams from the Bank of Ghana and the Ministry of Finance today. This comes a day after paying courtesy calls on the Vice President, the Minister of Finance…
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IMF programme won’t affect free SHS, other flagship programmes – Gov’t
The Ministry of Finance says government flagship programmes like the free SHS policy, Agenda 111 among others, will not be scrapped following government’s decision to seek an IMF bailout. The Ministry says government will ensure that pro-poor policies are not affected by the IMF conditionalities. Government last Friday announced plans to seek help from the…
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IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey
Ahead of the commencement of in-person meetings between the Government of Ghana and the delegation from the International Monetary Fund on Wednesday 6th July 2022, the Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey believes the Fund will reject any program that will see…
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‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah
The government has assured Ghanaians that its negotiations with the International Monetary Fund will be in the best interest of Ghanaians. The government is set to meet with the Team from the International Monetary Fund on Wednesday, July 6, 2022. Some Ghanaians fear flagship programs such as the Free SHS as well as public sector…
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IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks
A team from the International Monetary Fund (IMF) is set to arrive in Ghana on Tuesday, July 5, 2022, ahead of a discussion with the government of Ghana on a bail-out request made to the fund. President Nana Akufo-Addo on Friday, July 1, 2022, directed the Finance Minister, Ken Ofori-Atta, to commence engagements with the…
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Free SHS and other programs must be redesigned now – Seth Terkper
As the government prepares to commence talks with the International Monetary Fund (IMF) for a bailout program, former Finance Minister Seth Terkper has charged government to candidly assess the sustainability of programs like the Free Senior High School Policy. According to him, some of the flagship programs are a drain on governments’ resources. The announcement…
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IMF team arrives in Accra on Wednesday to begin bailout talks with gov’t
Officials of the International Monetary Fund (IMF) will arrive in the country on Wednesday, July 6th to begin negotiations with the government on the bail-out the Akufo-Addo administration is seeking. The team is expected to meet officials of the Finance Ministry, the Economic Management Team and the Presidency during their one-week stay. Details of the…
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Gov’t to commence talks with IMF for bailout
Government is set to commence talks with the International Monetary Fund (IMF) for a bailout following severe challenges with Ghana’s economy. This was announced in a statement issued by the Information Ministry today, Friday, July 1, 2022. “The President of the Republic, Nana Addo Dankwa Akufo-Addo, has authorized Finance Minister Ken Ofori-Atta to commence formal…
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Seth Terkper urges Gov’t to present its policy alternative to an IMF program
Former Finance Minister, Seth Terkper has urged government to come out with alternative policies and programs that will support Ghana’s ailing economy, since it insists on not going to the International Monetary Fund (IMF) for support. Finance Minister, Ken Ofori-Atta, last week reiterated government’s stance on not seeking a bailout from the IMF, saying government…
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We are confident in homegrown recovery plan; IMF still not an option – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has reiterated government’s stance on not seeking a bailout from the International Monetary Fund, IMF, despite the current economic challenges. Mr. Ofori-Atta says government will consider home-grown solutions to deal with the difficulties because the country has what it take to recover from the issues facing the economy. The government, despite…