IEA

Economic Reforms And Financial Discipline Required To Strengthen The Cedi – Kwakye
01 Jun

Economic Reforms And Financial Discipline Required To Strengthen The Cedi – Kwakye

Wontumi1Business,
Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said that fiscal discipline is needed to strengthen the Cedi. Bloomberg reports that Ghana’s currency is poised for one of the strongest rallies globally after the West African nation’s $3 billion pact with the International Monetary Fund (IMF) gave investors hope it can climb back from last year’s debt crisis. https://twitter.com/thebankofghana/status/1664180069961539584?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1664180069961539584%7Ctwgr%5E645d1a80ae63f619a85779c84a075fcb03041a8f%7Ctwcon%5Es1_&ref_url=https%3A%2F%2F3news.com%2Feconomic-reforms-and-financial-discipline-required-to-strengthen-the-cedi-kwakye%2F The cedi was the best performer worldwide against the dollar in the runup to the IMF deal, which was sealed mid-month. That was the latest in a series of violent swings since Ghana unilaterally suspended payments…
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Gov’t Must Be Careful IMF Deal Doesn’t Become Its Undoing – IEA’s Kwakye Warns
23 May

Gov’t Must Be Careful IMF Deal Doesn’t Become Its Undoing – IEA’s Kwakye Warns

Wontumi1Business,
The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has warned the government to be careful that the $3 billion bailout approved by the International Monetary Fund (IMF) does not lead to problems. Dr Kwakye said this is one of the most stringent IMF programmes he has ever encountered because the prescribed conditionalities leave no room for the government’s discretion. “The government has boxed itself into a straightjacket. This is one of the most stringent programmes l have ever encountered. “The prescribed policies and conditionalities leave no room for discretion. Gov’t must be careful that the programme…
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Establish Independent Parliamentary Budget Office To Monitor Monetary, Fiscal Systems – IEA
11 May

Establish Independent Parliamentary Budget Office To Monitor Monetary, Fiscal Systems – IEA

Wontumi1Business,
The Institute of Economic Affairs (IEA) has called for the establishment of an Independent Parliamentary Budget Office to monitor Ghana’s monetary and fiscal systems. This, the institute say will ensure a stricter monetary and fiscal management systems to transform the economy. Addressing a group of Civil Society Organizations, Director of Research, Dr. John Kwakye said a parliamentary budget office is necessary in assessing and estimating the cost of government projects and programmes. Dr. Kwakye explained that a parliamentary budget office will be different from the current Fiscal Council in the country. He pointed out that the parliamentary budget office will…
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We Need A Strong Legal System To Support Currency Board – IEA
11 May

We Need A Strong Legal System To Support Currency Board – IEA

Wontumi1Business, ,
The Institute of Economic Affairs (IEA) is calling for a strong legal system to support the Currency Board (CB) Lite System to achieve its goals. It believes a strong legal system is key to support the board particularly the enforcement of the applicable rules. “A strong legal system is key to support the board, particularly the enforcement of the applicable rules. It is essential because a currency board arrangement derives much of its credibility from the changes required in the Central Bank law”. The IEA had earlier proposed the establishment of a CB to limit the Central Bank lending to…
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