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IMF hints at reinstating 15% VAT on electricity as inflation falls

The International Monetary Fund (IMF) has indicated that the government may consider reinstating the 15 percent value-added tax (VAT) on electricity if inflation rates...
News

IMF expresses worry over impact of 2024 elections on Ghana’s economic recovery programme

The International Monetary Fund (IMF) has expressed concerns about potential risks posed by Ghana's upcoming general elections in December 2024, which could impact the...
News

Debt transparency significant for IMF’s core mandate

The International Monetary Fund (IMF) has emphasized that debt transparency is not only beneficial for individual countries but also crucial for the IMF's operations. The...
Business

Ghana close to signing MOU with bilateral creditors over debt restructure

Ghana is on the verge of finalizing a Memorandum of Understanding (MoU) with its bilateral creditors, marking a significant step in the debt restructuring...
Business

IMF report reveals Ghana’s persistent debt distress amid ongoing restructuring

Ghana remains trapped in debt distress, as disclosed by the International Monetary Fund (IMF) in its recent Staff Report on Ghana's "2023 Article IV...
Business

Ghana’s energy sector arrears soar to $1.6 Billion, IMF raises concerns over gov’t payables in 2023

Ghana's energy sector is grappling with arrears amounting to $1.6 billion, equivalent to 2.3 percent of the Gross Domestic Product (GDP) as of the...
Business

University of Ghana lecturer accuses govt of manipulating IMF for loans

Senior lecturer at the University of Ghana Business School, Dr. Patrick Asuming, has raised allegations against the Ghanaian government, accusing them of manipulating the...
News

Help Ghana fight corruption – Govt ‘begs’ IMF

Ghana has reached out to the International Monetary Fund (IMF) seeking their assistance in tackling the issue of corruption within the country. This request...
News

Ghana’s energy sector legacy debt hits $2bn – Finance Minister

During a press conference in Accra on Sunday, June 18, Finance Minister Ken Ofori-Atta stated that several structural reforms are currently in progress regarding...
News

Things will definitely get better but not this year – GNCCI on Ghana’s economic crisis

The Chief Executive of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has assured the populace that the current economic crisis...
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