Ken Ofori Atta

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

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

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…
Read More
The Lord Knows Best – Ofori-Atta Writes To Sacked UK Finance Minister Kwasi Kwarteng

The Lord Knows Best – Ofori-Atta Writes To Sacked UK Finance Minister Kwasi Kwarteng

Finance Minister Ken Ofori-Atta has revealed that he sent an email to Kwesi Kwarteng after his dismissal as Britain’s Finance Minister. Mr Ofori-Addo said his pain was that a Ghanaian who reached the highest level had to suffer in this manner. “The pain or sadness is that he is a Ghanaian  reaching almost the highest level , Chancellor of the Exchequer. Yes, we sat together three days ago. “I am always very optimistic, if one is really doing things in truth  there might be some waves  but the Lord will see him through. I was surprised at what happened. I have…
Read More
Climate Change Ruining Economies Address It – Ofori-Atta Tells Developed Nations

Climate Change Ruining Economies Address It – Ofori-Atta Tells Developed Nations

The Finance Minister, Ken Ofori-Atta, has called for increased focus on the economic impact of climate change to developing nations. He said a spotlight on the canker was needed to get the world and developed countries in particular to fully appreciate the adverse effects of climate change on humanity and economies in particular. Mr OforiAtta also met with the Director of the Africa Department of the IMF, Abebe Aemro Selassie, to advance discussions on ongoing IMF-assisted programme negotiations with the fund. Climate change Addressing the G-24 Ministers and Governors Meetings as part of ongoing World Bank/International Monetary Fund (IMF) Meetings…
Read More
We’re Hopeful Of Securing IMF Programme Before End Of 2022 – Ofori-Atta

We’re Hopeful Of Securing IMF Programme Before End Of 2022 – Ofori-Atta

The Finance Minister, Ken Ofori-Atta, is optimistic the country will get approval from the International Monetary Fund (IMF) for an economic programme before the end of 2022. According to him, a team of government officials will from this weekend travel to Washington, DC in USA for two weeks to continue negotiations with the Fund to fast-track the deal. He was speaking to the media after paying a visit to the ‘Long Room’ at the Tema Port in the Greater Accra region. He stated that discussions have so far been fruitful and cordial with the IMF mission team, here in Ghana.…
Read More
Finance Ministry To Continue IMF Negotiations In U.S.A

Finance Ministry To Continue IMF Negotiations In U.S.A

The Finance Minister, Ken Ofori-Atta has described initial negotiations with the International Monetary Fund (IMF) for a bailout programme as collaborative. According to him, government is discussing debt restructuring plans with the Fund to improve the country’s credit ratings. An IMF team arrived in Ghana in the in the last week of September 2022, to commence official discussions with government for a programme. Speaking at the signing of a $1.13 billion cocoa syndicated loan in Accra, Mr. Ofori-Atta announced that a government team will meet the IMF in Washington DC, U.S.A in the coming weekend to continue the negotiations. He…
Read More
Government Races Against Time To Secure A Concrete Deal With IMF – Ofori-Atta

Government Races Against Time To Secure A Concrete Deal With IMF – Ofori-Atta

Government says it is racing against time in securing a concrete deal with the International Monetary Fund (IMF) before the 2023 Budget is read in November, 2022. A delegation from the IMF will be in town from Monday, September 26 to commence official negotiations with Ghana for an economic programme to help restructure the imbalance in the Ghanaian economy. The team is expected to stay in the country for the next two weeks. Finance Minister, Ken Ofori Atta, speaking at a signing of a Memorandum of Understanding with some local banks for the YouStart progarmme, said it is crucial for…
Read More
Ken Ofori Atta Fed ‘Hungry’ NDC Footsoldiers- CVM President Tells John Mahama

Ken Ofori Atta Fed ‘Hungry’ NDC Footsoldiers- CVM President Tells John Mahama

After feeding and giving “hungry” National Democratic Congress (NDC) free food and water, Razak Kojo Opoku has hit back at former President John Mahama for calling for Mr. Ken Ofori Atta to be sacked. The founder and President of Concern Voters Movement stated that he doesn’t understand the call by the former President since it has no basis. Former President John Dramani Mahama has asked President Nana Addo Dankwa Akufo-Addo to relieve the Minister of Finance, Ken Ofori-Atta of his post. According to him, the president must take such action because Mr. Ofori-Atta, who has been serving in the role…
Read More