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IMF commends BoG for rebuilding Ghana’s International Reserves

The International Monetary Fund (IMF) has commended the Bank of Ghana (BoG) on its dollar accumulation programme aimed at rebuilding the international reserves of...
IMF

Macroeconomic outlook remains positive but downside risks persist – IMF

Ghana’s macroeconomic outlook remains positive but subject to significant downside risks, the International Monetary Fund has revealed in its Second Review of Ghana’s Extended...

IMF maintains global growth forecast at 3.2% for 2024

Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2% in 2024 and 3.3% in...
Minister for Finance Dr Mohammed Amin Adam

Ghana’s economic reforms show progress – IMF

The International Monetary Fund (IMF) has given Ghana a positive thumbs-up after approving a disbursement of around $360 million following a successful review of...

Construction resumes on Dome-Berekusu-Kitaase road after IMF-induced halt

Construction on the Dome-Berekusu-Kitaase road project has resumed after a temporary halt due to Ghana’s IMF bailout programme. According to reports, work is ongoing on...
Minister for Finance Dr Mohammed Amin Adam

Full text: Finance Minister’s address on IMF deal, other issues on economy

The Finance Minister Dr Mohammed Amin Adam has given an update to Ghanaians on the economy and the International Monetary Fund (IMF) deal. This was...
Mohammed Amin Adam

We’re expecting $2.9bn from IMF, other sources to stabilise cedi – Finance Minister

Finance Minister Dr. Mohammed Amin Adam has announced that Ghana is expecting about $2.9 billion from multilateral, bilateral, and private sector financial institutions by...
IMF

2024 elections: IMF concerned about impact on Ghana’s economic recovery programme

The International Monetary Fund (IMF) has expressed worry the upcoming general elections in December 2024 could pose some possible risks to gains made under...

IMF: Third tranche of $360m to hit Ghana’s account today

The third tranche of the International Monetary Fund's (IMF) 360 million dollar release is expected to hit Ghana’s account today, Monday, July 1, following...

IMF: Thanks for your patience – Finance Minister to Ghanaians as government anticipates $360m

The Finance Minister has expressed his appreciation to Ghanaians as the country navigates the conditionalities in securing the results of the International Monetary Fund...

IMF commends Ghana’s economic strategy, releases $360 million in latest review

The Executive Board of the International Monetary Fund (IMF) had just wrapped up their second review of Ghana’s US$3 billion, 36-month Extended Credit Facility...

IMF Programme will deepen Ghana’s revenue deficit crisis – Economist

Economist, Dr Nii Moi Thompson has warned that Ghana’s revenue deficit is likely to worsen as the country implements the International Monetary Fund’s (IMF)...

IMF sets date for Board to consider Ghana’s second programme review

The International Monetary Fund (IMF) has set June 28, 2024 for its Board Meeting to consider Ghana’s second programme review and possibly approve $360...

Official Creditors’ MoU will support IMF Board’s approval of US$360m – IMF MD

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), says, the agreement reached between Ghana and its Official Creditor Committee (OCC) will be...
Finance Minister Dr Mohammed Amin Adam

We are very confident our second review will be approved by IMF – Dr...

The Finance Minister Dr. Mohammed Amin Adam is hopeful the International Monetary Fund (IMF) will approve the third tranche funding support of $360 million...
The Fund

IMF on Ghana: We’re working to get third tranche approved by end of this...

The International Monetary Fund (IMF) says Ghana is likely to receive the third tranche of $360 million by the end of this month, as...

IMF Board to approve $360m third tranche by end of June

Ghana’s second review programme for a third tranche of US$360 million is expected to go before the Executive Board of the International Monetary Fund...

IMF deal couldn’t have been secured without DDEP – BoG

The Bank of Ghana (BoG) has clarified that securing a bailout from the International Monetary Fund (IMF) would have been challenging without the implementation...

Redirect SDRs to Development Banks – AfDB urges IMF as calls grow for global...

The African Development Bank Group is making a strong case for the rechanneling of Special Drawing Rights (SDRs) to development banks especially those in...
The Fund

Improve energy sector governance to address power challenges – IMF to Ghana

The International Monetary Fund (IMF) has urged Ghana’s government to improve the country’s energy sector governance architecture to address the challenges that have contributed...

IMF programme blamed for the cedi’s decline

Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana. He...
Cedi and dollar

IMF programme blamed for the cedi’s decline

Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana. He...

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law

The World Bank and the International Monetary Fund are coming under pressure to use their financial might to persuade Ghana to reconsider a proposed...
The Fund

We are confident about our board meeting in June on Ghana’s second review –...

The International Monetary Fund (IMF) has indicated that, it is confident Ghana’s second review programme will be completed to help approve some $360 million...

IMF maintains Nigeria growth forecast at 3.3% for 2024

The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria's economy for 2024, up from 2.9% last year, citing a...
Deputy Director of the Africa Department at the International Monetary Fund (IMF), Catherine Pattilo

IMF forecasts growth surge for sub-Saharan Africa

The deputy director of the Africa Department at the International Monetary Fund (IMF), Catherine Pattilo, expressed optimism about the economic prospects of sub-Saharan Africa...

IMF advises Sub-Saharan African countries to invest borrowed funds wisely

Wenjie Chen, the Deputy Division Chief of Regional Studies in the African Department at the International Monetary Fund (IMF), has advised Sub-Saharan African (SSA)...

We are confident of bilateral MoU agreement with Ghana soon – IMF Mission Chief

The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet is confident that Ghana will formalize a Memorandum of Understanding (MoU) with the...

The worst is over for Ghana’s economy – IMF Mission Chief

The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now...

Financing assurance secured from bilateral creditors to aid Ghana’s 2nd review funding – IMF...

The International Monetary Fund (IMF), has revealed that it has secured the needed financing assurance from bilateral creditors that will help to conclude the...

Ghana’s revenue-to-GDP ratio to exceed 17% within next six years, but expenditure to remain...

Ghana’s revenue-to-Gross Domestic Product ratio is expected to exceed 17% year-on-year for the next six years. According to the International Monetary Fund’s April 2024 Fiscal...

IMF projects single-digit inflation of 8 percent for Ghana by end of 2025

The International Monetary Fund, IMF is projecting that Ghana will return to single-digit inflation by the end of 2025. The IMF in its Economic Outlook...

IMF projects 4.4% growth rate for Ghana in 2025

IMF is projecting a growth rate of 4.4 per cent for Ghana by the end of 2025. This was captured in the IMF’s Global...

Russia to grow faster than all advanced economies says IMF

An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year.  The International...
MP for Bolgatanga Central and deputy ranking on the Finance Committee of Parliament, Isaac Adongo

Isaac Adongo dismisses IMF’s ‘positive’ assessment on Ghana’s economy

The Ranking Member on the Finance Committee in Parliament, Isaac Adongo, has raised concerns following the recent staff review by the International Monetary Fund...

IMF Executive Board selects Kristalina Georgieva to serve a second term

The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term...

IMF deal has delivered on broad structural quantitative objectives – Dr Theo Acheampong

Political Risk Analyst, Dr Theo Acheampong has lauded the government's success in meeting its broad structural quantitative targets under the International Monetary Fund (IMF)...
Former Finance Minister, Seth Terkper

IMF deal has achieved short-term targets but… – Seth Terkper

Former Finance Minister Seth Terkper has asserted that while the government has achieved some short-term targets, more efforts are needed to fully realise the...

Staff-Level Agreement not enough to release third tranche – IMF to Ghana

Ghana has reached a Staff-Level Agreement with the International Monetary Fund (IMF) for the second review of the Extended Credit Facility, but the Executive...

Full text: BoG’s statement on IMF Second Review of the Extended Credit Facility (ECF)...

Thank you Stephane for those opening remarks. Let me also thank you and your team from the IMF, who have spent the last two weeks...