WILL GHANA GET BETTER?
Ghana’s annual inflation climbed to 27% in June 2022, the first time the country’s inflation rate has touched 37.2% since January 2004. Ghana Statistical Service’s latest consumer price index report said June’s…
GHANA’S FINANCIAL FUTURE A JOKE?
In its latest report on global stability, the International Monetary Fund (IMF) predicts an uncertain future for developing nations’ banking sector including Ghana in the upcoming year if the state…
CONDUCTING BUSINESS IN GHANA NOW A MAJOR HEADACHE
The Bank of Ghana’s Monetary Policy Committee (MPC) raised the policy rate by 250 basis points, to 24.5%. Since 2017, this has been the most significant rate rise. The rate…
WILL THE IMF SUCCEED IN ENDING GHANA’S ECONOMIC WOES?
According to the Finance Minister, Ken Ofori-Atta, the government’s efforts to control the continuing cedi depreciation against key exchange currencies will soon yield some results. At the Minister’s Press Briefing…
GHANA NOW IN FURTHER ‘JUNK’ STATUS – FITCH RATINGS
Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. Ghana’s credit quality has reduced…
NEW IMF MISSION CHIEF MEETS KEN OFORI-ATTA AND HIS STAFF
A few days after his arrival in the nation, the new mission chief for the International Monetary Fund (IMF) in Ghana, Stephane Roudet, met with Ken Ofori Atta and his…
GHANA’S ECONOMIC CHALLENGES NOT A RESULT OF BAD POLICIES – IMF BOSS
The current dismal economic conditions in Ghana have been linked by Kristalina Georgina, director of the International Monetary Fund (IMF), to shocks from the COVID outbreak and the Russian-Ukrainian war.…
“WE’RE READY TO HELP STABILIZE GHANA’S ECONOMY”- IMF BOSS AFTER ‘CONSTRUCTIVE’ MEETING WITH KEN OFORI-ATTA
According to Kristalina Ivanova Georgieva-Kinova, Chair and Managing Director of the International Monetary Fund (IMF), her organization is ready to help Ghana improve its economy. This was announced by the…
GHANA DOUBLES ITS LOAN REQUEST FROM THE IMF
According to Bloomberg, the government of Ghana will be considering obtaining $3 billion from the International Monetary Fund (IMF) over a period of three years upon reaching an agreement on a…
INVESTORS ON THE RUN AS S&P DOWNGRADES GHANA’S CREDIT RATINGS FROM B- TO CCC+
Standard and Poor’s (S&P) Global Ratings, an American credit rating organization, downgraded Ghana’s foreign and local currency sovereign ratings to CCC+/C from B-/B on Friday, August 5. This moved Ghana’s…
IMF LOANS: WHY GHANA NEEDS ASSISTANCE
The International Monetary Fund (IMF) is an international organization that offers advice and assistance to member countries on how to deal with economic problems. It provides them with loans in…
TWELVE EXTRA NATIONS IN ECONOMIC CRISIS ZONES AFTER SRI LANKA
A record number of developing countries are now in difficulty, according to traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burnt foreign exchange reserves. Rising…
THE NPP IS TO BLAME FOR OUR ECONOMIC STATE – HARUNA IDDRISU
The New Patriotic Party (NPP) government’s reckless borrowing led Ghana to the International Monetary Fund (IMF), stated Minority Leader of Parliament Haruna Iddrisu. Mr. Iddrisu told the media that no…
GRA DETAILS NEW E-LEVY CHARGES
The Ghana Revenue Authority (GRA) has detailed some new e-levy fees after the completion of the shared platform. To support e-levy deductions, the authority had previously said that it was…
UTAG’S FRUSTRATIONS ABOUT THE IMF LOAN BAILOUT
Is the government’s decision to seek a bailout from the International Monetary Fund such a bad idea? I thought this was a “rescue mission” that will save our country from…
IS THE IMF LOAN BAILOUT REALLY IN GHANA’S INTEREST?
The Information Minister, Hon Kojo Oppong Nkrumah stated that the government will ensure that the International Monetary Fund (IMF) negotiations will be in the interest of Ghanaians. The government is…
‘DON’T DOWNPLAY GHANAIANS’ INTELLIGENCE’- NANA ABA ON MP’S IMF TWEET
Nana Aba Anamoah, Manager of GH One Tv, in a recent tweet has told a Member of Parliament to respect the intelligence of Ghanaians in seeking to justify a decision…
THE IMF IS NO ‘MESSIAH’
A senior lecturer at the University of Ghana, Professor Godfred Alufar Bokpin, has stated that the country’s economic salvation is not in the hands of the International Monetary Fund (IMF).…
DROP ‘EMPTY PRIDE’ – DR. ATO FORSON JABS GOVERNMENT
Dr. Cassiel Ato Forson, the ranking member of the Parliament’s Finance Committee, claims that if the government does not let go of its “empty pride” and seek assistance from the…