Finance Minister Ken Ofor-Ataa has reiterated the government’s stance on not seeking a bailout from the International Monetary Fund despite Ghana’s economic woes. He expressed confidence in the government’s prescribed homegrown solutions to get the economy to recover. Delivering his speech at the Minister’s Press briefing in Accra, he said
Tag: IMF
Government fears to go to IMF because it fears to account for mismanaged Covid money – Dr Nii Moi Thompson
Former Director–General of the National Development Planning Commission Dr Nii Moi Thompson is of the view that government does not want to go to the International Monetary Fund for support because it fears the IMF may ask it to account for the Covid-19 expenditure. He said he viewed the push
‘We cannot swallow any employment freeze in the education sector’ – Kofi Asare
The Executive Director of Education think tank, Africa Education Watch has stated that going back to the International Monetary Fund, IMF for a financial bailout to support Ghana’s ailing economic condition is not an option. In a Facebook post on Wednesday, February 2, 2022, Mr. Asare argued that “We cannot
Go back to IMF for assistance – Former MP urges government
The former New Patriotic Party Member of Parliament for New Juaben South, Dr Mark Assibey Yeboah, has asked the government to reconsider its decision not to return to the International Monetary Fund (IMF) in light of the country’s dwindling revenues. Given the dire economic constraints, the former parliamentary finance Committee
Ghana and 30 other African countries on the HIPC list
Ghana is currently among 34 African countries on the World Bank and IMF’s heavily indebted countries’ list, according to data obtained by Business Insider Africa. Among these heavily indebted poor countries are Ghana, Tanzania, Ethiopia, Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros Islands, Democratic Republic of Congo
World Bank President warns Ghana not to burden future generations with debts
The World Bank President, David Malpass, has asked Ghana to hold down its non-concessional borrowing because of its impact on future generations. He mentioned that “holding down the non-concessional debt means higher interest rate debt because that burdens the future generations.” Malpass was responding to a question asked by a
‘Dangerous divergence in economic prospects across countries remains a major concern’ – IMF
As a result of the lag in vaccinations in developing countries, the outlook for growth is bleak, the International Monetary Fund (IMF) has said. The IMF reduced the global economic growth predictions on Tuesday, stressing that while industrialized economies are expected to recoup in the near term, low-income developing nations
IMF predicts an increase in prices of fuel
Prices for vital products such as food and fuel are growing, according to the International Monetary Fund (IMF), although it is expected to ease next year. “Prices for essential items from food to fuel are rising, but the IMF projects the price pressures to ease next year, amidst great uncertainty.