Tag Archives: imf

Finance Minister Dr. Cassiel Ato Forson confirmed that the government is committed to following the rules of the International Monetary Fund (IMF) program. They are working hard to resolve Ghana’s debt issues. He admitted that Ghana previously missed some goals under the IMF program but assured that they are now …

Ghana has been recognized as the second most indebted country in Africa to the International Monetary Fund (IMF) regarding concessional loans. As per the IMF’s Quarterly Finances, in a report by 3news.com, the nation’s total loans owed to the institution stood at $2.914 billion as of October 31, 2024, accounting …

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has emphasized the significance of inclusive society, particularly in response to Ghana’s Parliament passing the anti-LGBTQ bill. Speaking on Monday, March 18, on “Point of View” with Bernard Avle, she emphasized that increased inclusivity is a key factor in a country’s …

The International Monetary Fund (IMF) has subtly expressed its concerns following the passage of the anti-LGBTQ+ Bill by Ghana’s Parliament. On February 28, 2024, Parliament approved the bill that criminalizes LGBTQ+ activities, as well as their promotion, advocacy, and funding. Those found guilty could face a jail term ranging from 6 …

The International Monetary Fund (IMF) has cautioned against impending food security issues for Ghana and other African countries as the war between Russia and Ukraine continues. The Fund said Russia’s invasion of Ukraine has pushed food and energy-related commodities to record levels on the global market. According to IMF’s Regional …

Ghana has emerged as the country across the globe with the highest outstanding loan under the Poverty Reduction and Growth Trust (PRGT) at the International Monetary Fund (IMF). The Poverty Trust which is one of the funds countries can draw credit from is specifically to support the potential balance of payment problems …

The International Monetary Fund has stated that after the program evaluations, the remaining $2.4 billion bailout package for Ghana will be distributed in tranches every six months. In September 2023, a visiting team from the Fund will be in Ghana, and $600 million is expected to be made available to help …

A flagbearer hopeful of the New Patriotic Party (NPP), John Alan Kwadwo Kyerematen has said Ghana would not have returned to the International Monetary Fund (IMF) if the country had paid attention to his ideas and implemented them in the past. Speaking at the commencement of his Greater Accra delegates tour in …

The International Monetary Fund (IMF), has revealed details about how Ghana’s four collateralized loans from China have exposed the country to losing parts of its mineral resource revenue in addition to electricity sales. For Ghana, Chinese loans have been a reliable funding source for four major projects since the year 2000. Accra …

Rapper Edem has sent a message to the government of Ghana after the approval of the IMF bailout. He pleaded with the government to invest in the creative art sector with a portion of the IMF money. The ‘Toto’ composer reiterated the numerous talents in the country. To him, it will help these talents …