Ghana’s economy not yet there but on the right path – IMF

January 31, 2024 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...

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January 31, 2024 / Comments (0)

Ghana: Transforming a crisis into a journey toward prosperity

January 29, 2024 When Ghana requested an International Monetary Fund-supported programme in July 2022, the country was dealing with an economic and financial crisis that was the outcome of pre-existing...

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January 29, 2024 / Comments (0)

BoG approves recapitalisation plans of undercapitalised banks – IMF

January 29, 2024 The Bank of Ghana has approved the recapitalisation plans submitted by undercapitalised banks, the Staff Report by the International Monetary Fund dubbed “2023 Article IV...

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January 29, 2024 / Comments (0)

Monetary Policy Committee cuts policy rate to 29.0%

January 29, 2024 The Monetary Policy Committee of the Bank of Ghana (BoG) has cut its key lending rate to 29.0% from 30% in line with most analysts expectations. The Chairman of the committee, Dr. Ernest...

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January 29, 2024 / Comments (0)

Ghana’s fiscal economy to improve significantly; Fiscal deficit to GDP estimated at 5.0% in 2024 – IMF

January 22, 2024 Ghana’s fiscal economy is expected to improve significantly in the next four years as the International Monetary Fund (IMF) is projecting a lower fiscal deficit to Gross Domestic Product...

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January 22, 2024 / Comments (0)

IMF board schedule to approve Ghana’s $600 million second tranche on Friday

January 17, 2024 Following an agreement to restructure US$5.4 billion with its official creditors, Ghana is scheduled to receive the US$600 million second tranche of the US$3 billion rescue loan, according...

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January 17, 2024 / Comments (0)

Cedi weakened 1.22% to dollar last week; one dollar going for ¢12.30

January 16, 2024 The cedi weakened 1.22% to the US dollar in the retail market last week, following depreciation pressures. It also lost 0.65% to the pound and 0.19% against the euro on the retail market,...

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January 16, 2024 / Comments (0)

IMF bailout: Govt reaches agreement with Official Creditors on debt treatment

January 15, 2024 The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme...

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January 15, 2024 / Comments (0)

AI to cut 40% of jobs globally – IMF

January 15, 2024 Almost 40.0% of global employment is exposed to Artificial Intelligence, the International Monetary Fund has stated in its new analysis. Historically, it said, automation and information...

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January 15, 2024 / Comments (0)

Ghana’s economy to grow by 2.8% in 2024 – World Bank

January 11, 2024 A new report by the World Bank has projected a 2.8% Gross Domestic Product (GDP) growth of 2.8% for Ghana in 2024. The forecast was captured in the January 2024 World Bank Global Economic...

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January 11, 2024 / Comments (0)