Mahama cautions government against misapplying US$600 billion IMF loan

[ad_1] Former President John Dramani Mahama has cautioned the government to spend judiciously, the US$600 million — the second tranche of the US$3 billion facility from the International Monetary Fund (IMF) — as well as funds that would come from other development partners. According to the 2024 flag bearer for the opposition National Democratic Congress … Read more

Mahama Ayariga petitions World Bank, IMF to reject Ofori-Atta’s ‘fraudulent’ GFSF

[ad_1] Mahama Ayariga (L) is Bawku Central MP and Ken Ofori-Atta is Finance Minister The Member of Parliament for Bawku Central, Mahama Ayariga, has petitioned the offices of the World Bank and the International Monetary Fund (IMF) in Ghana to reject support to a Ghana Financial Stability Fund (GFSF) being created by the Finance Minister. … Read more

‘This is not the end of the road’ – IMF Mission Chief to Ghana on decline of inflation rate

[ad_1] Stéphane Roudet is the IMF’s Mission Chief to Ghana The International Monetary Fund’s (IMF) Mission Chief to Ghana, Stéphane Roudet, has asked managers of Ghana’s economy to work towards improving the inflation rate in the country despite the little strides made so far. He has asked the Finance Ministry not to be complacent with … Read more

$3billion IMF bailout: Ghana reaches staff-level agreement with Fund on first assessment for second tranche

[ad_1] The International Monetary Fund (IMF) has reached a staff level agreement on its first review of Ghana’s economic programme under the Extended Credit Facility (ECF) arrangement. A meeting in Accra which led by the Fund’s Mission Chief for Ghana, Stéphane Roudet, between September 25 and October 6, 2023 discussed progress on reforms and the … Read more