63 articles
In order to neutralise cyber threats in the financial sector, the International Monetary Fund (IMF) has urged financial institutions and regulators to prepare for heightened threats. The Fund said the regulators should do this by prioritising five things. "Central banks, regulators, and financial fi
The International Monetary Fund (IMF) has issued a warning to all governments of countries that are conducting elections this year. The Fund warned the governments to exercise restraint to preserve sound public finances this year. "History shows that governments spend more and tax less in election y
The International Monetary Fund (IMF) has said that history shows that governments spend more and tax less in election years. The Fund says its new Fiscal Monitor shows why governments should exercise restraint to preserve sound public finances this year when a record number of countries hold electi
The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has said that the staff-level agreement that has been reached with the Government of Ghana, in an attempt to disburse the third tranche, is by far the most important component in the second review of the
The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has said that the fund is not going to ask the government of Ghana to do further adjustments. He says that they are very hopeful that ongoing discussions among official creditors will also expeditiously
The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has said that Ghana has done its part in the move to get the Fund to release the third tranche. It is now left with the external creditors to fulfill their part to get the board to approve the disburseme
The Minister of State at the Finance Ministry, Abena Osei Asare has called for a comprehensive reform of the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) to ensure that they are channeled to countries who need them most. She argued that the SDR needs to be reformed to make i
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has highlighted some points for the consideration of the International Moneyray Fund (IMF) when making a presentation at the 2024 African Consultative Group Meeting in Washington. Making the presentation on behalf of is colleague Governors, he
The International Monetary Fund (IMF) Mission Chief for Ghana Mr. Stéphane Roudet, has said that the Fund is confident of the assurances given by the government to ensure election year spending is in line with the objectives of the $3 billion programme. He recounted the number of times government of
April 13, 2024 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preli
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has assured the team from the International Monetary Fund (IMF) who were in Ghana for the second review of the $3 billion programme, that efforts are being made to ensure that the programme is not negatively affected in this year which happens to
A Researcher at the International Monetary Fund (IMF), Pierre-Olivier Gourinchas, has said that the rapid pace of tightening helped convince people and companies that high inflation would not be allowed to take hold. This prevented inflation expectations from persistently rising, helped dampen wage
The International Monetary Fund (IMF) has no mechanism to check government spending in an election year, the Dean of the Business School of the University of Cape Coast, Professor John Gatsi has said. Prof Gatsi stated that the Fund is only interested in seeing the government spending within the ite
Deputy Finance Minister Dr. John Kumah asserts that Ghana's economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, Dr. Kumah highlighted the unanimous approval of Ghana's request for debt treatment und
A renowned evangelist, Rev Dr Lawrence Tetteh has described as shameful, any attempt to blackmail government to stop the passage of the anti-gay bill. He said homosexual practices frown on Ghanaian cultural and religious values, hence must be rejected. According to him, any attempt by Western donors
The International Monetary Fund (IMF) staff team led by Stéphane Roudet has acknowledged that Ghana's economy is bouncing back barely a month after the Executive Board approved the $3 million extended credit facility (ECF). He cited softening inflation, an increase in international reserves and less
Political Science Professor Ransford Yaw Gyampo has cautioned Ghanaians not to be overly excited about the International Monetary Fund (IMF) support but rather be concerned it is a move by the West to make African countries including Ghana depend on them in perpetuity. He insists that there were "lo
The Minister of State at the Finance Ministry, Dr Mohammed Amin Adam Anta, has confirmed that the first tranche of $600 million will be disbursed immediately after the Executive Board of the International Monetary Fund (IMF) approves Ghana's request for an extended credit facility (ECF). Confirming
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.
The Minister of Finance, Kenneth Nana Yaw Ofori-Atta, has observed that the Ghanaian economy is already responding positively to the news of the staff-level agreement reached between the government and the International Monetary Fund (IMF). The agreement was announced on Tuesday, December 13 after s
