IMF Archives - Page 14 of 14

02 Aug

Everything Bawumia Does, NDC Wants To Copy- Deputy Finance Minister

Kakra NunuFeatured, NewsBawumia, Ghana, IMF, JOHN KUMAH, John Mahama, President Akufo-Addo

Vice President Mahamudu Bawumia’s presence in the New Patriotic Party (NPP) has exerted so much pressure on the National Democratic Congress (NDC) to an extent that they try to copy everything he does on the political and economic front. Deputy Finance Minister, John Kumah revealed on Wontumi TV that Vice President Bawumia has distinguished himself as an “economic prophet” and this has been a constant threat to the NDC. https://youtu.be/6YOBmdgLeLY “They (NDC) want to copy Bawumia. Bawumia is an economic prophet, when he speaks it comes to pass and that is the reason they also feel like challenging him always”, John Kumah said. The deputy minister also assured Ghanaians that…

29 Jul

I Doubt Ato Forson Watches Or Reads International News- Kyei Baffour Stinks NDC MP

Kakra NunuBusiness, FeaturedAjumako-Enyan-Esiam constituency, Ato Forson, Doctors, IMF, Strike

A founding father of the New Patriotic Party’s USA and Austria branch, Mr. Kyei Baffour has cast doubt over the ability of Ato Forson to read and understand content of international news on Ghana’s economy. Ato Forson, the Member of Parliament for Ajumako-Enyan-Esiam constituency and a former Deputy Minister of Finance was recently in the news claiming that the unbridled borrowing of the Akufo-Addo-led government, if not checked, will lead Ghana to rejoin the heavily indebted poor countries (HIPC). https://youtu.be/XgA_dPcROdU But responding to his claims, Mr. Kyei Baffour stated on Wontumi TV that it was under the leadership of Ato Forson as deputy finance minister that Ghana was led to IMF. “You were in charge…

28 Apr

Video: Stop Your Baseless Talks- Vincent Ekow Assafuah Educates Sam Jonah

Kakra NunuFeatured, NewsGhana, IMF, Sam Jonah, Vincent Ekow Assafuah, World Bank

The Member of Parliament (MP) for Old Tafo, Vincent Ekow Assafuah has lashed out at former Chief Executive Officer of Ashanti Goldfields Corporation stating that it doesn't lie in his mouth to declare that Ghana is facing debt crisis. Speaking in an interview on Wontumi TV which was monitored by Wontumionline.com, Hon. Ekow Assafuah stated there were competent institutions like the World Bank and IMF which makes such declaration if their findings point to it. The MP for Old Tafo was responding directly to a recent public lecture by Mr. Jonah that the current New Patriotic Party government continues to…

26 Apr

Video: Were Your Brains Tied When You Signed IMF Loans? Mahama Challenged

Kakra NunuFeatured, NewsAbronye, Benin, IMF, John Mahama, juju, World Bank

The Bono Regional Chairman for the New Patriotic Party has challenged former President John Mahama to reveal what influenced his decision to borrow unnecessary from the IMF and World Bank when he personally knew the negative impact it would have on Ghanaians. Kwame Baffoe also known as Abronye wondered whether Mr. Mahama as President, made the NPP his personal consultants before arriving at his decision to take the loans. "When you (Mahama) was signing the loans at IMF and World Bank, did you have the NPP standing by your left or right?" he asked. The 2020 defeated flagbearer of the…

28 Oct

Ghana Not Declared As HIPC – IMF

Jackson Odom KpakpoBusinessIMF

Ghana Not Declared As HIPC – IMF The International Monetary Fund (IMF) has said Ghana has not been reinstated into the Highly Indebted Poor Countries (HIPC) Initiative. This comes after reports on social media suggested Ghana had been re-admitted into the programme that it departed 16 years ago in 2004. In an email sent to Graphic Online, Resident Representative of the IMF to Ghana, Dr Albert Touna-Mama, debunked the claims and indicated the reports were false and misleading. “We have been made aware of (social) media reports stating that Ghana has recently been added to the list of HIPC by…

20 Oct

IMF forecasts $40-50 crude oil price for 2021

Wontumi2Businesscrude oil, IMF

The International Monetary Fund is forecasting the price of crude oil in the range of 40 to 50 dollars per barrel next year. This will not come as a good omen for the Ghanaian economy since oil price before covid-19 had been trading above $60. The government of Ghana had projected $62 per barrel of crude oil in its 2020 Budget. But covid-19 pandemic had made the forecast unachievable. Presently, a barrel of crude oil is hovering around $40 per barrel. The IMF in its forecast said the outlook for oil demand remains grim amid new waves of coronavirus and…

16 Oct

IMF predicts end-year inflation rate of 11.6% for Ghana

Wontumi2BusinessIMF

The International Monetary Fund is predicting an end-year inflation rate of 11.6% for Ghana, according to its World Economic Outlook Report. This is coming on the back of the marginal drop of September 2020 inflation to a rate of 10.4%. The Bretton Wood institution’s forecast will be higher than the Bank of Ghana’s inflation target of 8+\-2%. It however forecast a single digit inflation of 8.7% for 2021. Its single digit inflation projection for the country last year was achieved. The Ghana Statistical Service cited some reduction in prices of food stuffs as the driver of the slight fall in…

25 Aug

“All Customers Of Failed Banks Paid Fully; Over 95% Of Savings & Loans, Microfinance Customers Paid” – Governor Addison

wontumionline.comBusiness, FeaturedBank of Ghana, First Allied Savings and Loans, GN Savings and Loans, IMF

The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that all customers of the nine (9) failed banks, and over ninety five percent (95%) of customers of Specialised Deposit-taking Institutions (SDIs), which were affected by the banking sector clean-up have received their deposits. According to the Dr. Ernest Addison, the first phase of the banking sector clean-up involved the revocation of licenses of nine (9) banks, for which all depositors were paid in full. “The second phase has to do with the SDIs – these are the savings and loans, microfinance institutions and finance houses. In their…