Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November and …
Technology
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Economy and FinanceLifestyleMining & EnergyNewsPoliticsTechnology
IMF-Ghana bailout program: the light and darkness
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The International Monetary Fund (IMF) has finally approved Ghana’s request for a US$3 billion Balance of Payment support to stabilize the economy. Managing Director of …
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Economy and FinanceNewsTechnology
Cedi gains big…now world’s best-performer
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Soon after the approval of a $3 billion Extended Credit Facility Arrangement for Ghana by the International Monetary Fund (IMF), the Ghanaian currency the cedi has …
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Economy and FinanceNewsPoliticsTechnology
Currency Board: IEA calls for a strong legal system
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Institute of Economic Affairs (IEA) is calling for a strong legal system to support the proposed Currency Board (CB) Lite System to achieve its goals. …
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Economy and FinanceNewsTechnology
Economists warn of looming crisis in the banking sector
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Ghana’s banking sector is to face another crisis if the Bank of Ghana fails with its control measures to avert the downturn consequence of the …
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Agric and EnvironmentEconomy and FinanceLifestyleNewsTechnology
Analysts pegs cedi to end year at ¢12.43 to a dollar
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Some economists, both international and local have peg the local currency, the cedi to end the year below ¢13 to a dollar. This is in …
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Agric and EnvironmentEconomy and FinanceNewsTechnology
Ghana’s economy looks fragile
by Adnan Adamsby Adnan AdamsBy Elorm Desewu Ghana’s economy may be heading into recession, if the government is unable to secure the US$3billion Extended Credit Facility from the international Monetary Fund, (IMF). The government …
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Economy and FinanceLifestyleNewsTechnology
Analysts predict extended hard times for banks in Ghana
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed A Financial data analysis firm, Bloomberg, has estimated that banks operating in Ghana have been hit by about US$1.4 billion impairment due the debt restructuring. …
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Economy and FinanceNewsPoliticsTechnology
‘Currency Board’ will effectively address monetary management infractions – IEA
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed As Ghana visage for a way out of its cyclical economic management mess, the government is advised to establish a ‘Currency Board (CB)’ to help in …
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Economy and FinanceLifestyleNewsTechnology
IEA takes on govt for snubbing fiscal adjustment but pursuing debt restructuring as advised by IMF
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Institute of Economic Affairs (IEA) is dismayed at the snobbish attitude of government towards the fiscal adjustment advice from the International Monetary Fund (IMF) in …