We will not seek an IMF bailout because we have the capacity to revive the economy – Ken Ofori-Atta

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

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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

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‘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

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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

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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

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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

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‘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

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