IMF Is Right To Exit Bailout Programme
The International Monetary Fund (IMF) has every right to walk out of the three-year Extended Credit Facility (ECF) programme with the country, following Parliament's refusal to legalise the zero...
Tag: Finance Minister
Bawumia ‘cleverly Exaggerated’ GHC248bn NDC Revenue – IMANI
Dr Mahamudu Bawumia’s claim that the governing National Democratic Congress (NDC) has since 2009 amassed and spent 12 times the nominal resources that the NPP had over its eight years of leadership...
Where’s the Infrastructure Money – Bawumia Asks Mahama
In response to government’s claim that it has invested massively in infrastructural projects for which reason it must be retained at the polls in December, the NPP’s running mate, Dr. Mahamud...
Finance Minister Peddled Lies On Debt To GDP
The Vice Presidential candidate of the New Patriotic Party has accused the Finance Minister Seth Terkper of peddling untruths in the debt to GDP figure he released during his supplementary budget in...
Economy In Distress – GN Research
Groupe Nduom (GN) Research has added its voice to expert views on the Ghanaian economy, describing it as one in distress. It said Ghana’s economy has been on a persistent decline over the past four...
Ghana Resumes Eurobond Issue
The Finance Minister, Seth Terkper today announced a prospective new Eurobond issue and all tender offer in respect of the outstanding Eurobonds due 2017. A release by the Finance Ministry said,...
Imanis Business & Economic Environment Report (2011-2016)
A suitable environment for businesses to succeed remains an important precursor to economic growth and ultimately the improvement of living standards. At a UN forum held in 2015, UN Secretary-General...
Harare Protest Ban Overturned By Court
Zimbabwe's high court has overturned a two-week ban by police on demonstrations in the capital Harare. The challenge was brought by activists, who are opposed to President Robert Mugabe and his...
Terkper Rules Out Spending Spree Before Poll
Ghana’s finance minister hopes to tap international capital markets for the fourth time in as many years, but dismissed concerns that government spending and borrowing ahead of elections increased...
Follow Roadmap To Clear Legacy Debt
The International Monetary Fund (IMF) has pressed on government to strictly follow roadmaps designed to wean state owned power companies off debts. According to the IMF, its recent discussion with...
Ghana’s Eurobond Return Hinges On IMF Nod
There’s one thing standing between Ghana and a new Eurobond sale: the International Monetary Fund’s concern that the West African country may abandon monetary reforms and budget targets in the...
IMF Must Respect BoG Amended Bill
Economist, and member of the Finance Committee in Parliament, Dr. Anthony Akoto Osei has defended the legislature’s decision to cap the Bank of Ghana (BoG) financing of government budget at 5...
IMF Team Ends Ghana Review, Questions Amended BoG Act
The International Monetary Fund (IMF) staff mission to Ghana has ended their third review visit to the country but has raised questions about some amendments made to the Bank of Ghana (BoG) Act. The...
Fate of ECG Workers Uncertain
Labour consultant, Mr Austin Gamey has attributed the impasse at the Electricity Company of Ghana (ECG) to the lack of transparency in government’s decision to cede the company to a private...
Terkper Courts IMF With Legacy Debt Deal
Finance Minister Seth Terkper has expressed hope that a milestone agreement reached with creditors over VRA’s debts will be enough to ease holdup in discussions with the International Monetary Fund...
Energy Sector Levy Revenue Hits GHc350m
Finance Minister, Seth Terkper has disclosed that the Energy Sector Levy Account has accrued 350 million cedis as at August 2016. Only residential users should pay energy levies – Former AGI...
Utilities Debt Endangers IMF Programme
The International Monetary Fund (IMF) has conditioned its next review of the US$918 million Extended Credit Facility programme, expected mid-September, on a “quick and positive” resolution of the...
Government To Loan GHC25.2bn
Government plans to borrow an amount of GHC25.2 billion (GHC25,270 million) for the remaining five months of 2016. The amount, which would be borrowed between August and December 2016, will be used...
Apple Faces 13bn-Euro Irish Tax Bill
Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year long investigation, it has concluded that the US firm's tax benefits are...
Cancer Propaganda Against Me Won’t Work
The flagbearer of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo, has stated that claims by members and “apologists” of the Mahama government that he is suffering from cancer will not...