Browsing: Economy and Finance

TUC in a statement signed by its Secretary General, Dr Yaw Baah kicking against the IMF bailout said IMF programmes have only imposed unnecessary hardships on Ghanaians with practically nothing to show for them.

As government has initiated discussion with the International Monetary Fund (IMF), many Ghanaians and policy analyst expect tough economic policy changes, especially with cutting down on expenditure and possible cancellation of many social intervention programs as well as how to increase domestic revenue generation.

The renowned economist with University of Cape Coast (UCC) urged government not to give in to the negative attitude of some fear government officials who fear the reconciliation and full disclosure of data, especially on procurement, and therefore advocating against the IMF program.

According to the Central Bank agriculture has broader implications on the economy, including price stability, exchange rate stability and generation export revenues from the sector.

The government spent about ¢10.6 billion to pay interest on loans in the first quarter of this year, with a chunk being used to service domestic debt.

The linkage of Ghana cards to bank accounts is a government initiative to weed out fraudsters from the banking sector.

Yesterday, Friday, 1st July 2022 was the initial date set for the announcement of the Commission’s decision on the review of water and electricity tariffs for 2022-2027, but, for the major interest of Ghanaians, had to extend the date to 15th July 2022.

This was to help our readers grasp with what the picture of the economy looks and what IMF program can bring to better the outlook of the economy.

Some finance experts have indicated the need for government to engage the International Monetary Fund at this moment of the country’s economic conditions.

President Akufo-Addo, last week, ordered the Minister for Finance, to commence formal engagements with the Fund after a telephone conversation with the president and the IMF managing director, Kristalina Georgiev.