Tag: IMF
-
IMF team visits Ghana; rising debt high on agenda
The government is confident that the IMF should be satisfied with efforts to reduce the country’s rising debts even as the Fund’s team makes a visit to Ghana. The optimism follows a visit by an IMF team to Ghana as part of monitoring activities under the program. The latest review of Ghana’s performance under the…
-
IMF to release $236m to Ghana in May
The IMF should be releasing about two hundred and thirty-six million dollars ($236,000,000) to Ghana under the agreement with the Fund, by the first week of May this year. This will be the total of the fifth and sixth disbursements under the economic support program. These among others were the highlights at this year’s spring…
-
Ghana’s debt hits GH¢142.5bn, reaches 69.8% of GDP
New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 69.8 percent of GDP. This is a reduction from the 73.3 percent recorded in December 2016. The total debt stock in 2016 was at 122.6…
-
IMF assesses Ghana ahead of $236m disbursement
The International Monetary Fund (IMF) is expected to disburse at least two hundred and thirty-six million dollars ($236,000,000) of the Fund’s extended credit support to Ghana. The cash is expected to hit the government of Ghana’s accounts within the next few months. This is however subject to Ghana’s ability to meet key targets set under…
-
IMF approves Ghana’s Public Sector Reforms
The International Monetary Fund (IMF) has approved the Public Sector Reforms for Ghana to be implemented in 2018. The reforms are part of efforts to reduce the bureaucracies in Ghana’s public sector and improve efficiency. The Fund has been critical of Ghana’s rising public expenditure which it contends has partly contributed to some economic challenges…
-
Ghana, IMF yet to decide on mode for energy bond
The International Monetary Fund (IMF) is yet to reach an agreement with the government of Ghana on the mode of issuing the energy bond. Sources close to the matter tell Citi Business News that a final decision is likely to be made next week. The government is currently on a road show in London ahead…
-
Govt to issue energy bond in tranches
Government has disclosed it is considering to issue its energy bond in batches of two or three. Citi Business News understands this may be the case as it will attract relatively lower yields and reduce the debt repayment burden. The decision to avoid a wholesale issuing of the estimated 10 billion cedis or 2.5 billion…
-
Ghana meets only 1 of 11 IMF targets
It is emerging that Ghana may have met only one out of the eleven targets set with the International Monetary Fund (IMF) under the extended credit facility program. The targets were among others to guide the government in achieving key economic growth standards and restore economic stability. Ghana in 2015, entered into an agreement for…
-
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.…
-
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.…