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IMF cautions BoG over adoption and use of CBDCs

The International Monetary Fund (IMF) has cautioned that while Central Bank Digital Currencies (CBDCs) hold the potential for enhanced payment systems efficiency and financial...

Central bank digital currencies must be appropriately designed to check potential risks – IMF

The International Monetary Fund (IMF) researchers, including Tobias Adrian, Dong He, Tommaso Mancini-Griffoli, and Tao Sun, have asserted that Central Bank Digital Currencies (CBDC)...

Ethiopia fails to meet $33m coupon payment deadline

Ethiopia has now joined the ranks of African nations facing default, as it failed to meet interest payments following the expiration of a grace...

Concerns raised by IMF regarding Ghana’s 17th bailout

In response to substantial economic challenges faced in 2022, the Government of Ghana sought financial support from the IMF on July 1, 2022. The...

I have not resigned – Ken Ofori-Atta

Minister of Finance, Ken Ofori-Atta, has quashed rumors of his resignation from the position within the governing New Patriotic Party (NPP) administration. Speculations circulated...

Ghana’s IMF board meeting for second tranche loan moved to January 2024 – Report

Ghana has adjusted its timeline for securing the second tranche of the IMF bailout to January 11, 2024, as reported by Joy Business. The...

IMF meeting to decide on payment of second tranche to Ghana moved to Jan. 2024 – Report

The International Monetary Fund (IMF) has reportedly rescheduled the board meeting to review Ghana's second review under the Fund program and consider the disbursement...

IMF has never fostered societal development – Alban Bagbin

Speaker, Alban Bagbin, has raised concerns regarding the recurring reliance on the International Monetary Fund (IMF) by successive governments during economic crises. Addressing an...

IMF Board approves temporary increase of Poverty Reduction and Growth Trust to 200% of quota

The International Monetary Fund (IMF) Executive Board has decided to temporarily increase the limits for accessing the Poverty Reduction and Growth Trust (PRGT).  The normal...

IMF urges swift agreement for release of $600m tranche in Ghana, stresses positive economic signs

The International Monetary Fund (IMF) has disclosed that discussions are currently underway between Ghanaian authorities and the Official Creditor Committee. The focal point of...

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