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 6 months to 3 years, […] The post Passage
President Akufo-Addo with IMF Boss President Akufo-Addo has indicated that the government was forced to take “a lot of unpleasant, but unavoidable measures” to bring stability and confidence back Read More... The post ‘IMF Measures Bitter, But Temporary’ appeared first
The International Monetary Fund (IMF) has congratulated Dr. Mohammed Amin Adam following his appointment as Finance Minister. In a congratulatory message, Kristalina Georgieva, the Managing Director of the IMF, urged Dr Adam to spearhead efforts to restore stability to Ghana’s economy. Georgieva assured him of the Fund’s unwavering commitment to fostering constructive engagement and providing […] The post ‘You
Dr. Mohammed Amin Adam The newly appointed Finance Minister, Dr. Mohammed Amin Adam has assured the International Monetary Fund (IMF) and the business community that the Fund programme is Read More... The post ‘IMF Programme On Track’ appeared first on DailyGuide
The Member of Parliament (MP) for Abuakwa North, Gifty Twum-Ampofo, has lauded Ms. Abena Gyamera, the Municipal Director of Education for Abuakwa North, for her dedication towards efficient and effective education in the area. According to the lawmaker, who doubles as a Deputy Minister for Education in charge of Technical and Vocational Education Training, Ms. […] The post Abuakwa North
Peoples Democratic Party, PDP, presidential candidate in the 2023 elections, Atiku Abubakar, on Tuesday accused the Presidency of failing to provide a credible defence for what he described as President Bola Tinubu’s failure to tackle Nigeria’s economic challenges. Atiku insisted that he offered better policy options during the 2023 presidential campaign when compared to Tinubu’s […] The post Presidency
Abebe Selassie Ghana, despite showing positive performance with the International Monetary Fund (IMF)’s $3 billion bailout programme, with reforms yielding results and indications of economic stabilisation becoming clear, has Read More... The post Stay Committed To Bailout
Fitch Solutions, an international rating agency, says a gradual improvement in investor sentiment and a US$600 million International Monetary Fund (IMF) disbursement will keep the exchange rate stable. In a report detailing interest rate and inflationary dynamics for 2024, the rating agency said it predicted that the disbursement and investor sentiments would keep the cedis […] The post IMF
The post Imposition of Tax: IMF would be laughing at us by now – Kabutey Ocansey | Breakfast Daily appeared first on Citinewsroom - Comprehensive News in Ghana.
The time was 6.30pm on Thursday January 25, 2024. Gathered in the Crystal Palace Suite at the London Hilton Hotel on Park Lane were a collection of key United Kingdom (UK) corporate leaders with roots in Ghana – including High Commissioner to the UK and Ireland, Papa Owusu-Ankomah, and Tullow Plc Chief Executive, Rahul Dhir. […] The post Energy sector
Headline inflation is expected to ease between13% to 17% by the end of 2024, according to the Bank of Ghana (BoG). The Central Bank says the expectation was as a result of inflation declining sharply by more than 30% in the course of 2023. It is also expected to trend back gradually to within the […] The post 2024 expected to end with at least 13% inflation -BoG appeared first on The
The International Monetary Fund’s (IMF) resident representative in Ghana, Dr. Leandro Medina, has lauded the nation’s concerted efforts to achieve economic stability, affirming that although Ghana has not reached its destination, it is undeniably on the right path. During an interview on the Citi Breakfast Show on Tuesday, January 30, Dr. Medina told host Bernard […] The post Ghana’s
The International Monetary Fund’s resident representative in Ghana, Dr. Leandro Medina, has stressed the importance of protecting vulnerable individuals during challenging reforms and actions, such as the introduction of a 21% Value Added Tax on specific electricity consumers as part of Ghana’s COVID-19 recovery programme. A letter addressed to the Electricity Company of Ghana (ECG) […] The post IMF
Ghana is making important inroads to stabilize its economy, and continued program implementation beckons a brighter future. When Ghana requested an IMF-supported program in July 2022, the country was dealing with an economic and financial crisis that was the outcome of preexisting vulnerabilities and substantial external shocks. The authorities have since made compelling progress under […] The post Ghana:
The Ghana Integrity Initiative (GII) is cautioning delegates and candidates to refrain from vote-buying during the New Patriotic Party’s (NPP) parliamentary primaries on Saturday, January 27. The CEO of the National Entrepreneurship & Innovation Programme (NEIP), Kofi Ofosu Nkansah, is under investigation over allegations of vote-buying during the vetting of nominees for the primaries. Speaking […] The post NPP
The Ghana Integrity Initiative (GII) is cautioning delegates and candidates to refrain from vote-buying during the New Patriotic Party’s (NPP) parliamentary primaries on Saturday, January 27. The CEO of the National Entrepreneurship & Innovation Programme (NEIP), Kofi Ofosu Nkansah, is under investigation over allegations of vote-buying during the vetting of nominees for the primaries. Speaking […] The post NPP
The Executive Board of the International Monetary Fund (IMF) approved the release of Ghana’s second tranche of US$600 million, and as expected, the amount has reflected in the accounts of Ghana this week. The release of the second tranche brings the total disbursement to US$1.2 billion of the US$3 billion Extended Credit Facility. The entire […] The post Editorial: Utilise IMF
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
The post IMF Deal: We need a ‘hall of shame’ to bury corrupt leaders – Kabutey Ocansey | Breakfast Daily appeared first on Citinewsroom - Comprehensive News in Ghana.
The Bank of Ghana has acknowledged receipt of US$600 million as the second tranche of Ghana’s bailout package with the International Monetary Fund (IMF) The cash meant for budget support and stabilization of the local currency, was officially credited to the Central Bank’s account today, Tuesday, January 23, 2023. This means, Ghana has received a […] The post IMF
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