IMF Deal Likely To Give Ghana $3bn – Governor Addison
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said the negotiations with the International Monetary Fund (IMF) is likely to give Ghana $3 billion over a 3-year period. He said….
Tag: imf
BoG To Continue Policy Rate Hiking Cycle As Part Of IMF Condition – Fitch Solutions
The Bank of Ghana will continue its policy rate hiking cycle, increasing the benchmark interest rate to 27% by the end of 2023. According to international research institution, Fitch Solutions,….
Ghana And The IMF: Debt Restructuring Must Go Hand-In-Hand With Managing Finances Better
Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi….
Fitch Solutions Predicts Disinflation Process For Ghana In 2023; Inflation To Average 18.7%
International research institution, Fitch Solutions, is forecasting a disinflation process for Ghana throughout next year. This is due to an expected programme from the International Monetary Fund and the stabilisation….
IMF Agrees $4.5 Billion Bangladesh Support Programme
The International Monetary Fund (IMF) provisionally agreed a $4.5 billion support programme for Bangladesh on Wednesday as global inflation and the prospect of lower demand for its garment exports raised….
Freedom Jacob Caesar Appeals To Kanye West To Save Ghana From IMF
American artist Kanye West has been asked to invest in African nations like Ghana by Ghanaian businessman and philanthropist Nana Kwame Bediako, often known as Nana Cheddar or Freedom Jacob….
EXCLUSIVE COP27: IMF Chief Says $75/Ton Carbon Price Needed By 2030
The price of carbon needs to average at least $75 a ton globally by the end of the decade for global climate goals to succeed, the head of the International….
Fitch Sees More Than 50% Chance Of Ghana Defaulting On Debt Repayment
Rating agency, Fitch, sees more than 50% chance of Ghana defaulting on its debt repayment. According to the rating agency, the country’s sovereign credit rating may face another downgrade closer….
‘Ken Ofori Atta Must Go’ Demand: President Akufo-Addo’s Will Fulfil His Assurance-Prof Haruna Mohammed
Deputy General Secretary of the NPP, Professor Haruna Mohammed, has stated President Akufo-Addo will fulfil the assurance he gave to the Members of Parliament(MP) who wants the Finance Minister, Ken….
We Will Show Presence When Invited By The Special Prosecutor- Andy Appiah-Kubi Says Over Bribery Allegations
The Member of Parliament (MP) for Asante Akim North Constituency, Hon. Andy Kwame Appiah-Kubi, has stated the group of MPs who are calling for the removal of Ken Ofori Atta….