Tag Archives: IMF

Ghana is gearing up for its second review under the three-year, $3 billion IMF-supported post-COVID-19 Programme for Economic Growth (PC-PEG). Starting today, Tuesday, April 2, 2024, this review follows the successful completion of the first review earlier in January. The IMF mission staff arrived in Ghana over the weekend to …

The International Monetary Fund (IMF) is advocating for African nations to adopt Artificial Intelligence (AI) as a catalyst for swift economic development across the continent. IMF Managing Director Kristalina Georgieva emphasized AI’s potential to revolutionize the global economy, particularly in labor markets, during the Artificial Intelligence (AI) Summit. Georgieva stressed …

Professor John Gasti, an economics professor and dean of the University of Cape Coast Business School, has clarified that LGBTQ issues were not part of the conditions for Ghana’s external credit facility support from the International Monetary Fund (IMF). He made these comments in response to recent statements by the …

The International Monetary Fund (IMF) has subtly expressed its concerns following the passage of the anti-LGBTQ+ Bill by Ghana’s Parliament. On February 28, 2024, Parliament approved the bill that criminalizes LGBTQ+ activities, as well as their promotion, advocacy, and funding. Those found guilty could face a jail term ranging from …

  In his inaugural statements as Ghana’s Finance Minister following a recent ministerial reshuffle, Dr. Mohammed Amin Adam has affirmed the government’s unwavering commitment to the ongoing International Monetary Fund (IMF) programme. Assuring continuity, Dr. Amin Adam pledged to adhere to the collaborative framework established with the IMF, emphasizing the …

The International Monetary Fund (IMF) has granted approval for the initial assessment of Ghana’s loan program, paving the way for an immediate payout of approximately $600 million from its $3 billion bailout initiative, as announced on Friday. This decision follows Ghana’s successful negotiation of a $5.4 billion debt restructuring deal …

Ghana has claimed the seventh position among African nations grappling with substantial debts owed to the International Monetary Fund (IMF), according to the IMF’s latest data as of December 6th, 2023. The IMF, a pivotal player in global finance, extends financial assistance to governments facing economic challenges. While these loans …

The Ministry of Finance has provided clarification regarding Ghana’s status in relation to the disbursement of the second tranche of a $600 million loan from the International Monetary Fund (IMF). Contrary to previous reports, Ghana did not miss the November 1 deadline for this disbursement. In a statement released on …

The latest data released by the International Monetary Fund (IMF) during the IMF/World Bank meetings in Morocco on October 10, 2023, paints a more positive picture for Ghana’s economic growth in 2024, despite the challenges it has faced in recent times.   According to the IMF’s projections, Ghana is expected …

Ghana has become Africa’s largest debtor to the International Monetary Fund (IMF) once again, with its debt increasing by 35.3% in the second quarter of 2023. This surge is due to a $600 million bailout from the IMF aimed at revitalizing Ghana’s economy. As of July 31, 2023, Ghana’s outstanding …