Prioritise agriculture sector in IMF programme – Charles Nyaaba
By: Hannah Dadzie Executive Director of the Peasant Farmers Association of Ghana, Charles Nyaaba says the agriculture sector is bedeviled with so much challenges that must be tackled head on. He believes the sector determines the robustness in other sectors of the economy, therefore it must be given priority in the International Monetary Fund, IMF […]
Ghana commences US dollar denominated domestic debt exchange programme
The government is seeking the full participation from all investors in its dollar denominated bonds to restructure debts totalling about US$809 million. The successful completion of this aspect of the domestic debt exchange programme is very crucial to Ghana’s quest to restore debt sustainability which is a critical component of the IMF programme. A draft […]
Bank of Ghana Act to be revised under IMF programme
Ghana’s International Monetary Fund (IMF) programme will among other things revise the Bank of Ghana Act in a bid to strengthen the central bank’s independence and mitigate fiscal dominance. The amendments to the BoG Act will feature a stricter limit for monetary financing, mechanisms to monitor and enforce compliance, and a clear definition of emergency […]
$600 million IMF money drops tomorrow – BoG Governor
The first tranche of $600 million out of the $ 3 billion IMF programme will hit the accounts of the Bank of Ghana tomorrow, May 19, 2023, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has confirmed. The Governor noted that the money would boost the country’s reserves and the Cedi which […]
Ofori-Atta’s removal: NPP MPs agree to wait after IMF negotiations
By: Seli Baisie The Majority Caucus in Parliament has agreed to President Akufo-Addo’s appeal to allow Finance Minister, Ken Ofori-Atta, and Minister of State at the Finance Ministry, Charles Adu Boahen, to stay in office till after the IMF negotiations are done. The agreement follows deliberations among the group after meeting the President. In a […]
Keep your investment with Government, it’s the safest – Prof Quartey
Professor Peter Quartey, the Director of the Institute of Statistical, Social and Economic Research (ISSER), has encouraged Ghanaians and investors to continue to keep their investments in Government securities. Government securities, including Treasury Bills and Bonds are debt issuances used to fund daily operations and projects of the government, which guarantee the full repayment of […]
BoG Overdraft necessary as government works to put IMF Programme in place – Analyst
SOURCE: 3NEWS A Financial Analyst, Johnson Ameyaw says the Bank of Ghana (BoG) overdraft to the Ministry of Finance, will go a long to help the country as the government seeks a programme under the International Monetary Fund (IMF). In the absence of access to the international capital market and given the constrained domestic financing, […]
