• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Economist Highlights Positive Impact of IMF on Ghana’s Fiscal Discipline

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
57
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Economist Highlights Positive Impact of IMF on Ghana’s Fiscal Discipline

Economist and Political Risk Analyst, Dr. Theo Acheampong has acknowledged the government’s clear commitment in the mid-year budget review to curtail spending, driven by the constraints of the International Monetary Fund (IMF) programme.

Speaking on Joy News’ PM Express, Dr. Acheampong observed that the IMF’s influence has significantly restrained government expenditure, particularly noteworthy given the approaching election.

“Without the IMF’s oversight, especially in an election year, the government would likely be on a spending spree. This restraint is a positive development,” he remarked.

Dr. Acheampong underscored the relative stabilisation on the macroeconomic front, citing several indicators that suggest a sustained recovery. However, he stressed the necessity for this recovery to permeate micro-level issues, such as the cost of living.

The mid-year budget and the forthcoming November budget are designed to pivot the economy towards growth, with an emphasis on infrastructure and enhanced revenue collection.

“There’s discussion around road infrastructure, potentially reintroducing road tolls, and a significant focus on housing,” he noted. “Overall, the outlook is relatively positive. Unlike previous budgets, the government is not seeking additional funds, and expenditure remains within the established parameters.”

RelatedPosts

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

Last month, the IMF’s executive board sanctioned the second review of Ghana’s $3 billion loan programme, facilitating the immediate disbursement of approximately $360 million.

This followed Ghana’s accord with its official creditor committee, a prerequisite for releasing the second tranche. The cumulative IMF disbursements under the three-year bailout programme now stand at $1.56 billion.

The IMF lauded Ghana’s performance under the programme as generally robust, with evident signs of stabilisation.

“The authorities’ strategy aimed at restoring macroeconomic stability and reducing debt vulnerabilities is bearing fruit,” stated IMF Deputy Managing Director Kenji Okamu.

Tags: Dr Theo AcheampongEconomist and Political Risk AnalystEconomist Highlights Positive Impact of IMF on Ghana's Fiscal DisciplineGhana's Fiscal DisciplineIMF
No Result
View All Result

Highlights

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Trending

Banking & Finance

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

October 7, 2025

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor Governor of the Bank of...

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.