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Tag: IMF

by Samuel AnsongNo Comments
Anti-gay bill: IMF calls for an inclusive society in Ghana

Anti-gay bill: IMF calls for an inclusive society in Ghana

Ghana News, Lifestyle & Social
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has emphasized the importance of inclusivity in the wake of Ghana’s Parliament passing the anti-gay bill. In an interview on Citi TV’s The Point of View with Bernard Avle, Georgieva highlighted the necessity for every Ghanaian to fully participate in national development. “I understand that people in Ghana have taken the bill to the court. All I can say is that a more inclusive society, is a more successful society. You want Ghana to flourish, make it so that everybody can contribute to the fullest of this country.” 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...
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by Samuel AnsongNo Comments
Ghana’s economy showing signs of recovery – IMF

Ghana’s economy showing signs of recovery – IMF

Ghana News
The International Monetary Fund (IMF) has acknowledged Ghana’s economic recovery, noting growth in crucial economic sectors. During an interview with Bernard Avle on Citi TV’s The Point of View, IMF Managing Director Kristalina Georgieva underscored the improving growth prospects for Ghana following the conclusion of its bailout programme. Georgieva also highlighted Ghana’s abundant natural and human capital, as well as the government’s commitment to maintaining robust economic fundamentals that align with the aspirations of its citizens. “Ghana is doing well, we see growth prospects for Ghana improving. We projected 1.5% growth for this year, and it reached 2.3% in 2023, and in 2024 we see good prospects for growth. We projected inflation to fall from 54% to 27%, it is ...
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by Samuel AnsongNo Comments
Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF

Ghana’s economic downturn not only due to COVID-19 but also excessive spending – IMF

Ghana News
The International Monetary Fund (IMF) has said that Ghana's ongoing economic challenges stem not only from the COVID-19 pandemic but also from excessive spending during election periods. The Managing Director of the Bretton Woods Institution, Kristalina Georgieva, pointed out that the impact of the pandemic could have been better managed without such spending. In an interview with Accra-based Citi TV on Monday, March 18, Madam Georgieva highlighted the importance of learning lessons from this situation. She underscored the need for emerging markets to strategically reform their policies to address external vulnerabilities. Furthermore, she emphasised the significance of operating transparently to meet citizens' expectations, particularly in countries like Ghana, as a crucial as...
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by Samuel AnsongNo Comments
G20 Common Framework should help IMF Executive Board consider Supported Programme for Ghana – IMF boss

G20 Common Framework should help IMF Executive Board consider Supported Programme for Ghana – IMF boss

Ghana News, International
Managing Director of the IMF Kristalina Georgieva says the Financing Assurance secured under the G20 Common Framework should help the IMF Executive Board consider Fund Support Programme for Ghana. This was captured in a statement by the Managing Director of the IMF after the Creditor Committee under the G20 Common Framework jointly issued a statement on Friday afternoon to announce “the extension” of Financing Assurance to Ghana. She also noted that it should that this should help to unlock the much-needed financing from Ghana’s development partners. “I also strongly endorse the call by the Official Creditor Committee for private creditors and other official bilateral creditors to commit to comparable debt treatments,” the IMF boss added. On December 12, 2022, the IMF reached a...
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by Samuel AnsongNo Comments
Ghana Engages IMF For Economic Support

Ghana Engages IMF For Economic Support

Ghana News
President Nana Addo Dankwa Akufo-Addo has authorized Finance Minister, Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF), inviting the Fund to support an economic programme put together by the government of Ghana. A statement issued by the Ministry of Information said this follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund. “At a meeting on June 30th, 2022, cabinet indicated its support for the decision,” the statement said. “The engagement with the IMF will seek to provide balance of payment support as part of a broader effort to quicken Ghana’s build back in the face of challenges induced by the Covid-19 pandemic and, recently, t...
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