John Mahama to speak on the economy on Thursday. On Thursday, October 27, former president John Dramani Mahama will give a speech on the economy. Sammy Gyamfi, the National Democratic Congress’s (NDC’s) national communications officer, made this announcement on Monday, October 24 on the social media platform, Twitter. John Mahama speaks on Ghana’s collapsed economy … Read more
The World Bank Group President, David Malpass, has expressed displeasure over Ghana and Nigeria’s refusal to join the Debt Service Suspension Initiative (DSSI). The DSSI, which had been in place since May 2020, ended at the end of December 2021. The DSSI, created by the International Monetary Fund (IMF) and World Bank, gave nations the … Read more
Inflation in Ghana is driven more by domestic factors-IMF. The International Monetary Fund has asserted that domestic factors are more to blame for Ghana’s high inflation rate. This refutes the claim that the country’s inflation is the result of outside forces like the Russian/Ukrainian situation, which has driven up the cost of some items, especially … Read more
Ghana’s Cedi ranked as the world’s worst performing currency in 2022. The Cedi has been reported by Bloomberg to be the world’s worst-performing currency this year as investors continued to squeeze foreign capital to the west African country before a deal with the International Monetary Fund. The currency of the world’s second-biggest cocoa producer depreciated … Read more
1 Dollar breaks ¢11 mark; forex bureaus sell a dollar for ¢11.30. The Ghana cedi’s problems worsened, with the retail exchange rate standing at ¢11.30 to the dollar. It recently crossed the 11-to-1 threshold, which occurred on Saturday, October 8, 2022. According to Joy Business’s inspections of a few forex offices in Accra, the nation’s … Read more
Those who take you to the IMF cannot break the eight-Kennedy Agyapong. Kennedy Agyapong, a lawmaker from Assin Central, has said that going to the IMF is just like handing the NDC power without a ballot. Kennedy Agyapong has complained about the New Patriotic Party (NPP) administration’s decision to turn to the International Monetary Fund … Read more
Government of Ghana makes U-Turn to International Monetary Fund (IMF) in latest news trending online. The Ghanaian finance minister has been given the go-ahead to start formal discussions with the International Monetary Fund (IMF) to request funding for the nation, according to a statement from the ministry of information dated July 1, 2022. As part … Read more