Browsing: IMF

According to Ghana Statistical Service (GSS), the debt-ridden country recorded 6.9 percent growth in economic activities within the first six months of 2024.

World Bank has credited US$1.7 billion to Ghana although it has committed a total of US$3.9 billion while the IMF has also credited US$2.3 billion to the country.

We also identify four noteworthy vulnerabilities in domestic laws that enable debt to be hidden

West Africa’s economic output has been limited by the rising cost of goods and services, leading to an increase in interest rates as monetary authorities attempt to rein in inflation.

The worsening economic conditions erodes the purchasing power of consumers while deteriorating standard of living and also increasing cost of doing business in the sub-region.

Moody’s assesses Ghana’s economic strength at ‘ba2’, balancing the country’s growth potential in the oil and non-oil sectors against its small size and low wealth levels.

The government through the Finance Ministry has underscored the importance of maintaining economic stability and pursuing sustainable growth amid the upcoming political season.

The Bank of Ghana, (BoG), is expecting US$200million as the second tranche of the cocoa syndicated loan as well as US$360 from the IMF to help stem the speed depreciation of the cedi which is currently trading at GHC14.25 to the American green back on the retail market.

Ghana faces stive debt accumulation matrix. But Fitch is projecting that the public debt could decline by 4 percent of GDP at the end of 2024 to 95% of GDP and further to 94% in 2025 at the back of continues fiscal consolidation and stabilisation of the cedi.

Adnan Adams Mohammed As government intensify its effort to get the Board approval from the International Monetary Fund (IMF)…