Browsing: IMF

Adnan Adams Mohammed The Government of Ghana is awaiting disbursement of US$370 million in the coming days, this being the…

Adnan Adams Mohammed Amidst the government’s decision to postpone the implementation of the controversial Energy Sector…

Fitch Solutions, last week, reaffirmed its projection that Ghana’s Gross Domestic Product, a measure of Ghana’s total economic output, will grow by 4.2% in 2025.

the World Bank remains cautiously optimistic about Ghana’s prospects, projecting a rebound to 4.6% growth in 2026 and 4.8% in 2027 rating Ghana among a few African economies showing early signs of recovery from 2025.

“Whilst the present trade situation is being sorted out, including a plea for the possibility of tariff exemptions for most of Africa, since this is where the largest number of Least Developed Countries (32 of the 44) are found, I have a message for the continent itself.

while the IMF staff mission to Accra agreed in principle to consider adjusting some key aspects of the programme – and even has offered technical support towards this – the Fund wants its core to remain intact. But that core is its customary insistence on demand management driven policies which have always worked over the short term in the past, even as the Mahama administration rode to power on supply side expansionary policy promises.

However, with the expected $360 million from IMF, the banks could have more dollars to sell to traders for their imports, thereby reducing the over-relayance on the black market.

Together, the E-levy and COVID-19 levy are projected to generate over GH¢5 billion in revenue, with GH¢2.1 billion from the E-levy and GH¢3.172 billion from the COVID-19 levy.

The government, fortnight ago, announced success in securing almost 100% participation in the Eurobond Debt Exchange Programme, which concluded on 30th September 2024.

“The current situation is extremely disappointing as the IPGs played a major role in working with the government to support its necessary restructuring of the country’s indebtedness in order to qualify for the IMF loans,” continued the letter.