imf Archives - Page 25 of 28

29 Sep

NPP Will Not Play Blame Games: The Focus Is To Revamp The Economy- Osafo Marfo

wontumionlineFeatured, News, TrendingFelix Ofori Atta, imf, NDC, NPP, Ofori Atta

A communicator of the New Patriotic Party(NPP), Felix Osafo Marfo, has said the focus of the New Patriotic Party is to revamp the economy and not to play blame games. He said this when he joined Kwaku Dawuro on Movement In The Morning Show on Thursday 29th September, 2022. Speaking he said that "the meat (good financial standing) former President Kufuor left was embezzled by the NDC. When they left government in 2016, there were no global crises or pandemic. Most of the 4.6 million Ghanaians who had saved their monies in the various banks were not allowed to access…

29 Sep

What Did The NDC Use The Country’s Money For?-Ofori Atta Aks.

wontumionlineFeatured, News, TrendingFelix Ofori Atta, imf, NDC, NPP

A communications team member of the ruling New Patriotic Party (NPP), Felix Osafo-Marfo has questioned what exactly the NDC spend the country’s revenue on during its tenure, because there’s absolutely nothing they could account for. According to him, the kind of ‘messes’ the NDC caused, and the coupling of the COVID-19 pandemic has caused this current government to spend so much. “The mess the NDC were causing within the financial sector prior to the clean-up sector, the excess capacity charges we inherited of which we paid 17 billion cedi was caused by the NDC, COVID-19 pandemic which is an external…

29 Sep

The NDC’s Are Attacking The IMF Because It Spoke In ‘Favor’ Of The NPP- David Boakye (VIDEO)

wontumionlineFeatured, News, TrendingDavid Boakye, Ghana, imf, NDC, NPP

The Bono East Regional Secretary for the New Patriotic Party (NPP), David Boakye, has stated the directors of the International Monitary Fund (IMF) are speaking in favor of the Ghana’s loan bailout, and that has led to the opposition now attacking them (IMF) because they did not side with they the NDCs in going against government's pro-poor policies. Speaking with Kwaku Dawuro on Movement In The Morning Show Mr. Boakye said that ‘’the conditions the National Democratic Congress (NDC) took to IMF had no connection with Ghana’s economic situation at the time. Ebola which Ghana recorded non, and the shrinking…

29 Sep

More Than 100 Countries Are Seeking For An IMF Bailout Due To External Shocks- David Boakye

wontumionlineFeatured, News, TrendingCOVID-19, David Boakye, imf

The Bono East Regional Secretary for the ruling New Patriotic Party (NPP), David Boakye has disclosed that Russia and Britain are considering an IMF bailout due to how dire the global crisis had affected economies. “You will be surprised by the list of countries that seeks support from the IMF. According to a report I have read, even Russia and Britain are considering an IMF bailout- going to the IMF for a bailout is not a bad thing at all, however, what becomes bad is the basis on which you need the bailout. If the Egypt hadn't received support from…

28 Sep

Government’s Pro Poor-Policy Will Stand The Test Of Time- Kofi Ntiamoah Assures Ghanaians

wontumionlineFeatured, News, TrendingGhana, imf, NPP

A communicator of the New Patriotic Party, Nana Kofi Ntiamoah has assured Ghanaians that government's pro-poor policies will not be affected by the International Monitary Fund (IMF) conditionality. Speaking to Kwaku Dawuro on Movement In The Morning Show he said that ''the Russian-Ukraine war has contributed to the country's economic recession- Ghana would have taken. I sometimes get disappointed in ex-President John Mahama, If anyone will talk against the free SHS policy, it shouldn't be the ex-President who was a beneficiary of Free SHS policy. The same person who once benefited from the country is now speaking against the policy…

28 Sep

Govt Putting Together Comprehensive Programme For Discussion With IMF – Ministry Of Finance

wontumionlineBusinessFinance, imf

The government says it is putting together a comprehensive post COVID-19 economic programme which will form the basis for the IMF negotiations. In a statement issued by the Ministry of Finance to announce the commencement of negotiations with the IMF in Accra yesterday, it said “The Ministry of Finance and the Bank of Ghana have commenced discussions with the IMF for an IMF-supported programme.” It said a key prerequisite for a programme was confirmation that Ghana’s debt was on a sustainable path and would require a comprehensive Debt Sustainability Analysis (DSA), which was currently ongoing. “ The programme seeks to establish a…

27 Sep

If Not For Mismanagement What Took You To The IMF?- Adams Sabo Asks The NDC

wontumionlineFeatured, News, TrendingAdams Sabo, imf, NPP

The Greater Accra regional communications Director for the ruling New Patriotic Party (NPP), Adam Sabo, has questioned the NDC on what exactly necessitated their move for an IMF bailout. Speaking to Kwaku Dawuro on Movement in the morning show with Kwaku Dawuro on Movement TV/Wontumi Radio, Mr. Sabo said that “What actually took them to the IMF? it’s basically high interest rate, inflation and budget deficits among others, and these were purely managerial deficiency and not due to any external shock like we are witnessing- It's simply because they couldn’t manage the economy. They cannot therefore compare themselves to us…

27 Sep

Nursing And Teacher Trainee Allowance Likely To be Affected By IMF Conditionality- Dr. Smart Sarpong (VIDEO)

wontumionlineFeatured, News, TrendingDR Smart Sarpong, Ghana, imf, Nursing And Teacher Training Allowance

A Senior Lecturer and a Senior Research Fellow at the Kumasi Technical Institute, Dr Smart Sarpong , has said that the possibility of the International Monitory Fund (IMF) conditionality affecting the nursing and teacher trainee allowance is high. He said this on a phone interview with Kwaku Dawuro on Movement In The Morning Show on Tuesday, 27th September, 2022. Dr. Sarpong speaking on IMF conditionality said that ‘’we have a hint on the policies that might be affected by the IMF conditionality. I am not surprised NABCO has come to an end because if the policy goes before the IMF…

26 Sep

IMF Team Arrives September 26 To Continue Discussions With Government Over Programme

wontumionlineBusinessimf, IMF lending arrangement, Stéphane Roudet

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, will arrive in Accra tomorrow September 26, 2022 and continue discussions with government on policies and reforms that could be supported by a Fund lending arrangement. The team will also further engage with other stakeholders including the Bank of Ghana, Parliament, business associations and civil society groups during the visit. The discussions with government and other stakeholders will end on October 7, 2022. This is coming after the downgrade of Ghana’s credit to further junk status by rating agency, Fitch. Fitch downgraded Ghana’s Long-Term Local-…

26 Sep

Ghana’s Public Debt Was 80% To GDP During Covid-19 Pandemic; We’ll Help Restore Macroeconomic Stability – IMF

wontumionlineBusinessDebt Sustainability Analysis, FAQs, GDP, imf, Public Debt

The International Monetary Fund (IMF) has reiterated that Ghana’s public debt increased from 65% to 80% of Gross Domestic Product during the period of the Covid-19 pandemic. This is contrary to the government’s figures that public debt to GDP was about 73%. In a Frequently Asked Questions (FAQs) session, the Fund said at the same time, the government’s fiscal efforts to preserve debt sustainability were not seen as sufficient by investors, leading to credit rating downgrades, non-resident investors exit from domestic bond market and loss of access to international capital markets. “These adverse developments, further exacerbated by the price and…