Tag: IMF
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New IMF cash to stabilize cedi
Ghana’s ability to attract another tranche of disbursement by next month under the IMF deal, should strengthen the local currency and restore investor confidence in the economy. That is the assertion of some Economists who have been speaking on the Fund’s progress with the government of Ghana. The comment also comes ahead of the government’s…
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Ghana meets IMF to finalize exit
Government is set to meet the board of the International Monetary Fund (IMF) tomorrow to present its decision not to extend the programme. Finance Minister Ken Ofori-Atta in his mid-year budget review indicated that government’s economic team will meet the board in August. Already, President Akufo-Addo has stated that government will not extend the programme…
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Sustain ties with IMF after December 2018 – IFS to gov’t
The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018. The IFS explains that the government’s plans to exit the program after 2018 may be necessary only if it is able to meet set…
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Govt shoots down ‘friendship’ ties with IMF after 2018
Government has insisted it will not subscribe unto the Policy Sector Initiative (PSI) with the International Monetary Fund (IMF) after the deal expires in December 2018. The NPP argues that the fund’s intervention has least improved the economy. Former Finance Minister, Seth Terkper has suggested that Ghana signs onto the PSI to benefit from financial…
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NPP to miss budget deficit target if … – Terkper
Former Finance minister, Seth Terkper has predicted that the NPP government will miss its budget deficit target for this year. He argues that the government’s efforts to ensure tax compliance and cut down some expenditure may yield little impact on the economic prospects. Mr. Terkper’s arguments are contained in an article where he impresses on…
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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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NDC strategy collapsed IMF program – Kwaku Kwarteng
A Deputy Finance Minister, Kwaku Kwarteng, has blamed the past NDC government for what he says is the failure of the economic assistance program with the International Monetary Fund (IMF) to address Ghana’s economic challenges. According to him, the strategy adopted by the past government was not an appropriate means to ending the prevailing economic…
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Extending IMF deal: Ghana, IMF to decide next month
Government’s decision on a possible extension of the IMF deal is likely to be concluded next month. This is the indication from the Chairman of Parliament’s Finance Committee, Dr. Mark Assibey Yeboah. His comments come at a time that discussions on a possible extension of the deal have been on top of the agenda between…
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Ghana open to business again – Bawumia to investors
Vice President, Dr. Mahamudu Bawumia, has re-echoed the NPP government’s plan to make Ghana an investment destination for investors as it commits to maintaining economic stability. At a gathering of investors and other stakeholders in the Diaspora, the Vice President outlined efforts by the government to restructure the economy and reduce the challenges that have…
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Ghana must do more to deal with debt challenges – IMF
Government would have to step up efforts in dealing with the country’s debt levels, the International Monetary Fund (IMF) has indicated. Ghana’s debt as at the end of 2016 was 122 billion cedis, which as a percentage of GDP is 74 percent, up from the 67.4 percent or 112 billion cedis recorded in the third…