63 articles
I am pleased to announce that the IMF team reached staff-level agreement with the Ghanaian authorities on a three-year program supported by an arrangement under the Extended Credit Facility (ECF) in the amount of SDR 2.242 billion or about US$3 billion. The economic program aims to restore macroecon
![[Full Text] IMF's statement on staff-level agreement with Ghana](https://media.3news.com/media/2022/12/IMF-Stephanie-Roudet.jpg)
The International Monetary Fund (IMF) says despite reaching a staff-level agreement with the government for a $3-billion extended credit facility, approval will be done by its Management and Executive Board. The Mission Chief for Ghana, Stéphane Roudet, says the agreement, to span three years, is al
The International Monetary Fund (IMF) has confirmed a $3 billion deal with the government of Ghana to span the next three years. This follows five months of negotiations after the government approached the Fund for an extended credit facility on Friday, July 1. The IMF confirmed the agreement in a s
President Nana Addo Dankwa Akufo-Addo has taken a swipe at his critics over the ongoing negotiations by his government to secure an enhanced domestic programme (EDP) from the International Monetary Fund (IMF) for the country. The programme is expected to repair, in the short term, the defects of the
Renowned economist Kwame Pianim has taken a swipe at the Minister of Finance, Kenneth Nana Yaw Kuntunkunuku Ofori-Atta, saying he has no credibility to lead negotiations with the International Monetary Fund (IMF) on behalf of Ghana. "Ken Ofori-Atta is not a credible messenger," Mr Pianim emphasised
The Ministry of Finance has announced that following several meetings held in the last few weeks in the US with the International Monetary Fund (IMF), a "clear path towards the final details of a programme has been agreed upon by both parties". In a press release on Friday, October 21, the Ministry
Former President John Dramani Mahama has called for an end to the continuous resort to the International Monetary Fund (IMF) by successive governments for economic bailout. "Going and coming and going and coming is really. . .it creates a certain instability in the whole system and also reduces the
The International Monetary Fund has approved a $1.3bn (£1.1bn) loan to Zambia. It said it would help Zambia restore economic stability and foster higher and more inclusive growth. The fund said Zambia was dealing with years of economic mismanagement and its growth rates were too low to tackle povert
President Nana Addo Dankwa Akufo-Addo has taken a swipe at critics of his government for approaching the International Monetary Fund (IMF) for a bailout. He said his is not like the "derailed" programme sought by the National Democratic Congress (NDC) in 2015. Therefore, he is assuming a responsibil
The team from the International Monetary Fund (IMF) has described the Free Senior High School programme as innovative and needs to be protected. The team on Wednesday, July 13 concluded its initial visit to Ghana after the country requested a financial bailout. IMF concludes visit to Ghana The team,
On Friday July 1, government announced President Nana Addo Dankwa Akufo-Addo has directed the Minister of Finance, Ken Ofori Otta, to roll Ghana on an IMF programme to help fiscal consolidation. Ghana's latest return to the Fund follows unprecedented global economic crisis emanating from the covid-1
The Communications Director of the New Patriotic Party (NPP), Yaw Buaben Asamoa, has admitted that the decision by the government to go to the International Monetary Fund (IMF) for a bailout is the best policy option under the current economic circumstances. He, therefore, calls on Ghanaians to rall
Government Spokesperson on Governance and Security Palgrave Boakye-Danquah says the International Monetary Fund will not be allowed to dictate the terms of conditionalities in case government goes for financial relief. Mr Boakye-Danquah insists that government will make sure that the IMF measures to
Governments need to subsidise the cost of food and energy for the poorest members of society, the head of the International Monetary Fund (IMF) has told the BBC. People around the world are struggling with the rising cost of living. Kristalina Georgieva said support needs to be provided "in a very t
Request for a bailout from the International Monetary Fund (IMF) is not an option being considered by government in finding solution to the current economic woes, editors.3news.com has gathered. Going to IMF for an extended credit facility (ECF) is not on the agenda of the crunch cabinet meeting at
The International Monetary Fund (IMF) has backed government's recent policy towards fiscal consolidation as captured by the 2021 budget. The Fund said it is an important step in the right direction though a difficult one in a pandemic given the toll of Covid-19 on the economy in 2020. Leader of IMF'
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has revealed that financial stability post Covid-19 will largely depend on environmental and social sustainability. To that end, she said, there is the need to ensure that the environment is protected and polluters
Former Deputy Minister of Finance Kweku Ricketts-Hagan has called on the government and the Ministry of Finance to come clean in their dealings with the International Monitory Fund (IMF). The Member of Parliament for Cape Coast South in the Central Region said this government has not been truthful t
Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF). It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB). Ms Lagarde said she would leave the IMF on 12 September. "With greater clarity now on the pro
A communicator for the governing New Patriotic Party (NPP), Eric Amoako Twum, has raised concerns about some five questions the minority posed to the Vice President and his economic management team Wednesday, March 20. Minority members held a press conference Wednesday, March 20, led by the spokespe
