imf Archives - Page 23 of 28

27 Oct

If Sacrificing Ken Ofori Atta Will Restore Hope: President Akufo-Addo Will Do It- Nana Kay

wontumionlineFeatured, News, Trendingimf, Ken Ofori Atta, Nana Kay, NPP

A communicator of the New Patriotic Party (NPP), Nana Kwadwo Agyei Yeboah popularly known as Nana Kay has said President Akufo-Addo has the interest of the country at heart, adding he wouldn't think twice sacrificing Ken Ofori Atta to bring back the lost hope. He said this when he joined Kwaku Dawuro on Movement In The Morning Show on Thursday 27th October, 2022. ''I won’t approve the MP’s for what they did neither will I condemn them. Ghanaians gave the party a 4 year mandate to take charge of the economy, sometimes we need to go to the people and…

26 Oct

The World Economic Order Has Changed And Requires Bold Decisions – VP Bawumia

wontumionlineNews, TrendingDr. Bawumia, Ghana, imf, NPP

The world economic order has undergone massive change in recent years and Africa, especially Ghana, needs to take bold, difficult but firm decisions in order to face the economic headwinds buffeting the world, Vice President Bawumia has stated. Speaking at the two day Standard Chartered Bank Digital Banking, Innovation and Fintech Festival in Accra on Wednesday, October 26, 2022 Dr Bawumia said the combined effects of Covid, the Russia-Ukraine conflict and major disruptions in global supply chains had brought untold economic damage across the world, and requires new thinking and positioning, especially as the world eases into the Fourth Industrial…

26 Oct

We Need To Restore Fiscal Discipline, Debt Sustainability And We Should Be Bold, Deliberate About That – Bawumia

wontumionlineNews, TrendingDr. Bawumia, Ghana, imf, NPP

The Vice President, Dr Mahamudu Bawumia, has hinted of Government’s intention to implement “bold, difficult but firm decisions” in the coming days to ensure fiscal discipline and debt sustainability. Speaking in Accra on Wednesday, October 26, 2022 Dr Bawumia said the ongoing change in the world economic order, coupled with rising inflation and disruptions in global supply chains meant countries like Ghana could no longer operate in a business-as-usual mode but had to rapidly pivot and become self-reliant. The Vice President, who was addressing participants at the 2nd Standard Chartered Bank Digital Banking, Innovation and Fintech Festival said while President…

26 Oct

Ofori-Atta Is Still At Post, Disregard Reports He’s Resigned – Finance Ministry

wontumionlineBusinessFinance Ministry, imf, Ken Ofori Atta, Majority MPs, President Akuffo Addo

The Finance Ministry has denied reports that its Sector Minister, Ken Ofori Atta, has resigned from his position. It follows reports from some traditional media and social media outlets that the Minister has resigned. This action was said to have taken place after a meeting with President Akufo-Addo. About 80 Members of Parliament from the majority side yesterday October 25, 2022, demanded the resignation of Mr. Ofori-Atta, saying, he has failed to live up to expectations for worsening the economic situation in the country. But persons close to the minister and some senior officials at the Finance Ministry have told…

24 Oct

Ken Ofori Atta Will Prove His Critics Wrong – Freda Prempeh

wontumionlineFeatured, News, TrendingFinance Minister, Freda Prempeh, imf, Ken Ofori Atta

A communicator of the New Patriotic Party (NPP), Freda Agyemang has told Ghanaians to be patient with the Finance Minister, Ken Ofori Atta as he will revive the economy and prove his critics wrong. Her comment comes after the call for the removal of the Finance Minister has become loud due to the current economic mishap. Speaking with Kwaku Dawuro on Movement In The Morning Show she said that ‘’when leaders are choosing who to work with, they focus on who shares in their vision and those they are comfortable with. The President has not reshuffled the Finance Minister because…

21 Oct

IMF Indicates Commitment In Reaching Agreement On Framework, Policies With Ghana

wontumionlineBusinessDr. Ernest Addison, imf, Ken Ofori Atta, Stéphane Roudet

The International Monetary Fund (IMF) has indicated it is fully committed to reaching an agreement on a framework and policies for an IMF-supported programme as soon as feasible. This follows the conclusion of a meeting between the Fund, led by Stéphane Roudet, and the Finance Minister, Ken Ofori-Atta; the Governor of the Bank of Ghana, Dr Ernest Addison, and other team members. It, however, did not indicate when the framework and policies for an IMF-supported programme will be announced. In a statement issued by Stéphane Roudet, the Fund said, “we made good progress in identifying specific policies that would restore…

18 Oct

Getting An IMF Deal Before 2023 Budget Presentation Will Be Difficult – Economist

wontumionlineBusiness2023 Budget, imf, Prof. Lord Mensah

Economist Professor Lord Mensah has advised government to be measured in its expectations of signing a deal with the International Monetary Fund (IMF) before the 2023 budget presentation. According to him, the IMF would rather look at the 2023 budget, which will be presented in November 2022 to finalise a programme with Ghana. He urged government to rather focus on using the budget to rebuild investor confidence on toning down on borrowing, while sending signals of debt restructuring to the IMF. This, Professor Mensah argued will give government some space to negotiate with the IMF from a strong position. “I…

17 Oct

”I Take Full Responsibility Of Ghana Going To IMF”- President Akufo-Addo

wontumionlineFeatured, News, TrendingFinance Minister, Ghana, imf, President Akufo-Addo

The President of the Republic of Ghana, President Nana Addo Danquah Akufo-Addo has said he takes full responsivity for Ghana going to the International Monitory Fund (IMF) for bailout. Speaking on Otec Fm in Kumasi, President Akufo-Addo stated Ghana’s current economic condition has little to do with economic mismanagement. President Akufo-Addo said that ‘’the reason we got to where we currently are has little to do with economic mismanagement, IMF’s assessment confirmed Covid-19 and the Russian-Ukraine war has been the fighters of Ghana’s economy. You cannot take easy decisions that will compromise the welfare of Ghanaians-running to IMF was difficult…

17 Oct

Ghana’s Economic Programme Hinges On Reform Plan – IMF

wontumionlineBusinessAbebe Aemro Selassie, Ghana, imf, IMF/World Bank spring Meetings

The International Monetary Fund has stated that an economic programme for Ghana hinges on a reform plan which the government has just shared with the Bretton Wood institution. The Fund is now assessing the reform and having further discussion on the plan, but hopes to fast-track it. Speaking at a press conference at the just-ended IMF/World Bank Spring Meetings in Washington DC, USA, Africa Department Director, Abebe Aemro Selassie, said discussions are, proceeding well, but that will depend on how quickly the reform plan can be fleshed out. “Indeed, we try to be extremely responsive. I think within less than…

17 Oct

19 Sub-Saharan African Countries In Debt Distress Or High Risk Of Distress – IMF

wontumionlineBusinessglobal financing, imf, Nigeria, October 2022 Regional Outlook Report.

19 of the Sub-Saharan Africa region’s 35 low-income countries are in debt distress or at high risk of distress, the International Monetary Fund has stated in its October 2022 Regional Outlook Report. Out of the other 10 countries of the region, the Fund said three have faced spreads of more than 1,000 basis points at some point over the past six months. The three are Angola, Nigeria and Gabon. The Fund however did not mentioned the names of the 16 countries. But, those with a ratio of high debt-to-Gross Domestic Product are expected to be part of the countries that…