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Ghana’s creditors to give financing assurance to aid approval of $3bn IMF bailout – report

Sources say Ghana's official creditors are close to granting financial assurance to enable the West African country obtain a credit facility worth $3 billion...

IMF is not the only remedy for Ghana’s economic problems – Oppong-Nkrumah

The Minister of Information, Kojo Oppong-Nkrumah has said that securing a deal with the International Monetary Fund (IMF) is not the only solution to...

We’re making every effort to end economic problems – Akufo-Addo

The Akufo-Addo-led government has guaranteed that it is making every effort to address the current economic crisis. Addressing workers during this year’s May Day celebration...

May Day: Bail us out so govt pays ‘dedicated’ Ghanaian workers – Mahama urges IMF

To commemorate Ghanaian workers today, former President John Dramani Mahama has entreated the International Monetary Fund (IMF) to approve Ghana's request for a $3...

EIU predicts further delay in IMF approval for Ghana

Given the involvement of numerous parties, the Economist Intelligence Unit (EIU) projects that the International Monetary Fund board approval for Ghana would be postponed due to...

Ghana’s International reserves completely depleted – IMF

According to the 2023 International Monetary Fund (IMF) Regional Economic Outlook Report (Sub-Saharan Africa), Ghana's net international reserves will complete the year 2023 with...

Ofori-Atta is blaming creditors for debt burden instead of accepting mismanagement – Prof Hanke

Finance Minister Ken Ofori-Atta has come under fire from US Professor of Economics, Steve Hanke for what he describes as assigning blame for Ghana's...

IMF projections show that the govt must quickly restore its fiscal reserves

The debt-to-GDP ratio is a measure of a country’s debt in relation to its economic output. A high debt-to-GDP ratio indicates that a country...

45% of Ghana’s 2022 revenue was spent on interest payments – IMF

According to the International Monetary Fund's April 2023 Regional Outlook Report, Ghana used over 45% of its total revenue, excluding grants, to pay interest...

UTAG throws out govt’s request to include pension funds in revised debt servicing deal

The government's newest alternative offer to include pension funds in the current debt restructuring has been rejected by the University Teachers Association of Ghana...

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