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...
Vice President, Dr. Mahamudu Bawumia has stated that Ghana’s debt stock is declining contrary to assertions that it is going up due to the issuing of more bonds. The government, since it took over,...
Ghana’s B3 credit rating and stable outlook reflects its strong economic growth outlook and reduction in external imbalances, set against challenges which include a significant fiscal overrun in...
The Minority side in Parliament is alleging that the governing New Patriotic Party (NPP) is planning to raise a bond of $2.4 billion bond using the energy sector levy as collateral for a period of 15...
Government has finally communicated to the International Monetary Fund (IMF) its decision to extend the Fund’s programme. Sources say the program would be extended to December 2018, instead of the...
US growth slowed to its lowest level in three years in the first quarter as consumer spending and government expenditures tumbled to their lowest levels in years, the Commerce Department reported...
US aircraft sales forged higher in March, helping drive up orders for manufactured goods, but the pace of growth slowed from previous months, the Commerce Department reported Thursday. Total orders...
Finance Minister Ken Ofori-Atta has refuted claims that government is rushing to end the IMF bailout programme due to borrowing restrictions. Government signed on the three-year extended credit...
Finance minister Ken Ofori-Atta has refuted claims that the government is rushing to end the International Monetary Fund (IMF) bailout programme due to borrowing restrictions. Government entered into...
Finance minister Ken Ofori-Atta has refuted claims that the government is rushing to end the International Monetary Fund (IMF) bailout programme due to borrowing restrictions. Government entered into...
Growth of currency outside banks reduced by 3.0 per cent to 16.2 per cent in January 2017, according to the latest Summary of Economic & Financial Data Report from the Bank of Ghana (BoG). The report...
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...
Growth of demand deposits (current and savings accounts) grew more than time or fixed deposits as at the end of November 2016, according to the latest summary of Macroeconomic and Financial Stability...
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...
The Italian government will seek parliamentary approval to borrow up to €20bn (£17bn) to support its fragile banking sector and potentially rescue Monte dei Paschi di Siena. The country's...
An economist at the University of Ghana Business School, Dr. Lord Mensah, has said calls on the incoming Nana Akufo-Addo-led administration to renegotiate the ongoing International Monetary Fund...
The Greek parliament has defied the international creditors providing Athens' bailout funds and voted through a one-off payment to pensioners. Plans for the €617m (£517m; $656m) pre-Christmas...
U. S. President Barack Obama urged a "meaningful debt relief" for Greece ahead of his visit to Athens on Nov. 15-16 as part of his European tour. “People need hope,” he stressed in an interview...
The country’s industrial sector is in a dire situation as figures from the Ghana Statistical Service (GSS) show that it recorded a -5percent growth in the second quarter, reflecting the draining...
CitiBusinessNews.com can confirm the board of the International Monetary Fund (IMF) will meet tomorrow, September 28, 2016 to finalize on whether or not to approve the third tranche of funding for...
