In a decisive move to safeguard the national currency and cement macroeconomic gains, the Securities and Exchange Commission (SEC) has issued a new directive significantly curbing the volume of capital …
International Monetary Fund
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Economy and FinanceNews
Gov’t to receive $370million from IMF … optimistic of Board approval
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Government of Ghana is awaiting disbursement of US$370 million in the coming days, this being the fourth tranche of the ongoing three year International Monetary Fund …
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Economy and FinanceNews
IMF flags Ghana’s energy sector deficit, pushes for swift reforms
by Adnan Adamsby Adnan AdamsIn its latest staff report, the IMF revealed that Ghana’s energy sector deficit for 2024 exceeded expectations, widening by 0.6 percentage points of GDP and further straining public finances.
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Ghana would have access to about $360 million in terms of disbursement”, the Director of Communications at the IMF Julie Kozack disclosed at news conference in Washington DC USA.
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Economy and Finance
Ghana engages economic partners with a call for improved trans-African trade
by Adnan Adamsby Adnan AdamsThe meetings deliberated on potential collaborations for Ghana’s economic sustainability, with mutual benefits for both the country and the development partner.
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Economy and FinanceNews
Cedi improves rallying on debt restructuring and IMF assessment successes
by Adnan Adamsby Adnan AdamsThe cedi appreciated by 0.09% against the US dollar over the week, closing at a mid-rate of GH¢16.19 per DOLLAR. It also saw a 0.35% gain against the pound and …
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Features
Housing is one reason not all countries feel same pinch of higher interest rates – IMF Researchers
by Adnan Adamsby Adnan AdamsTo assess how key housing characteristics impact the effects of monetary policy on activity, our research leverages new data on housing and mortgage markets compiled across countries: we find that …
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Economy and FinanceFeaturesLifestyleNews
Debt Exchange: IPPs threaten to walk away from negotiating table.
by Adnan Adamsby Adnan AdamsGhana has been negotiating with the IPPs since last year to rework the arrears as part of its external debt revamp.
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Economy and FinanceFeaturesLifestyleNews
Ghana misses revenue target by 25% in first four months.
by Adnan Adamsby Adnan AdamsThis shows a shortfall in revenue target by GH¢7.7 billion for the periods January to April.
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Economy and FinanceFeaturesLifestyleNewsTechnology
Ghana eagerly awaits $360m IMF money ..as Board is to consider second staff review in June.
by Adnan Adamsby Adnan Adamsthe second review of Ghana’s $3 billion extended credit facility programme is expected to be tabled before the IMF Board before the end of June.