Ghana must legislate new measures to boost revenues by at least 0.5 percent of gross domestic product before the IMF reviews a $918 million credit deal next month, the Fund said. The West African...
The economy grew by 4 percent in real terms in 2016, overcoming the low-growth environment that resulted from negative spillovers from Nigeria. Inflation turned negative in 2016 (-0.8 percent),...
Higher consumer spending has helped to boost growth in the economy Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show....
The International Monetary Fund (IMF) has thrown its weight behind the government’s decision to rely primarily on domestic borrowing to finance the deficit this year. It says the country’s strong...
IMF says pace of global economic growth is picking up The world economy seems to be gaining momentum, according the chief economist The world economy seems to be gaining momentum, according the chief...
Concerns over the huge foreign dominance in the country’s recent uptake of $2.25 billion in offshore bond transaction have sparked fears of imminent exchange rate shocks when investors withdraw...
GHANA’S major development partner, the International Monetary Fund (IMF) says it is unaware of government’s decision to push for an extension of the bailout programme. “We are not aware of the...
A former Deputy Finance Minister under the Mahama led administration, Ato Forson has predicted doom for the country following the presentation of the 2017 budget statement by sector Minister, Ken...
Greece must not be granted a "bail in" that would involve creditors taking a loss on their loans, Germany's deputy Finance Minister said in an interview broadcast on Sunday, reiterating the German...
Credit Ratings Agency – Fitch – has said Ghana's disclosure of $1.6billion unreported expenditure and the resulting failure to hit the 2016 fiscal deficit target highlights substantial risks to...
The UK economy will slow down sharply over the next couple of years The UK economy will slow down sharply over the next couple of years says the European Commission. Its latest forecast says the UK...
Discussions between Ghana’s economic team and the International Monetary Fund (IMF) are set to generate revised targets which should see the Ghanaian economy placed on a sound footing after years...
Ghana might record a possible downgrade by credit rating agencies during their periodic assessments of economies in Africa. The recent publications by Standard & Poor rated Ghana B- with a stable...
Further financial assistance for Greece depends on the successful completion of a review of its bailout program and the participation of the International Monetary Fund (IMF), a spokesman for the...
Ghana might record a possible downgrade by credit rating agencies during their periodic assessment of economies in Africa. The recent publications by Standard & Poor rated Ghana B- with a stable...
The International Monetary Fund (IMF) has given indication it is open to renegotiating some success benchmarks of its ongoing 3-year External Credit Facility (ECF) programme with the government of...
Finance Minister Mr Seth Terkper has expressed optimism that there will be no reversal in the growth of the economy following the several investment and prudent policy measures put in place by the...
Ghana’s ability to maintain its recent progress on fiscal consolidation will be an important factor in sovereign ratings assessment following last week’s elections, says Fitch Ratings. “Failure...
Without exception, all the major international ratings agencies have predicted a budget deficit overrun in 2016, a projection that has a strong likelihood of occurring given official data showing the...
The European Commission has warned that eight eurozone countries, including Italy, are at risk of breaking EU rules because of excessive budget deficits. Under EU rules, member states are not...
