• 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 Economy

Ghana to miss IMF assistance this year

3 years ago
in Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
192
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana to miss IMF assistance this year

A decision by the IMF on whether to rope Ghana onto a Fund programme or not, can be made as early as next year, specifically within the first quarter of 2023.

This implies that, Ghana is very unlikely to start a Fund programme this year – 2022 – and hence get the financial assistance [Balance of Payment support] it badly needs to set the economy right.

The revelation follows a crunch meeting between IMF officials and Parliament’s Finance Committee on Tuesday 12th July, 2022.

A source within the Finance Committee who was privy to conversation with the IMF told JoyNews that, the Fund is seriously concerned about the country’s debt position and will undertake a debt sustainability analysis before agreeing on a deal with government.

The Minority side of the Committee had raised issues over government’s debt and tasked the IMF to ensure a deal that would not worsen the country’s debt position.

It also emerged at this closed-door meeting that the earliest government can hope to get a deal with the IMF is at the end of the first quarter of 2023 despite the precarious economy situation which needs immediate assistance.

RelatedPosts

Global 5G Connections Projected to Reach 9 Billion by 2030

World Bank Court Blocks Niger From Selling Uranium From Somaïr Mine

Ghana’s per Capita Income Could Triple By 2050 With Bold Reforms – World Bank Says 

The IMF team also raised issues about the country’s international reserves and tasked both sides of the political divide to find means to shore up.

The IMF team in Ghana is expected to wrap talks with various segments of the political class next week, after which Finance Minister Ken Ofori-Atta will present to Parliament the 2022 Mid-Year Budget review.

The officials from IMF first held talks with Vice President Dr. Mahamudu Bawumia before heading to Parliament to meet with members of the Finance Committee.

On July 1, 2022, government announced that it was seeking a bailout with the IMF after months of the cedi’s free-fall and hikes in fuel prices.

This was despite insistence by Finance Minister Ken Ofori-Atta and President Akufo-Addo that Ghana will not return to the IMF.

Tags: Ghana to miss IMF assistance this year; assistance likely to come early next yearIMFParliament’s Finance Committee
No Result
View All Result

Highlights

The National Security Implications of Illegal Gold Mining in Ghana

The Galamsey Fight, Jobs, and Livelihoods

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

ECG Cancels Over 200 Contracts in Procurement Clean-Up

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

Trending

Business

Global 5G Connections Projected to Reach 9 Billion by 2030

September 27, 2025

Global 5G Connections Projected to Reach 9 Billion by 2030 The global telecommunications landscape is poised for...

World Bank Court Blocks Niger From Selling Uranium From Somaïr Mine

September 27, 2025

Ghana’s per Capita Income Could Triple By 2050 With Bold Reforms – World Bank Says 

September 27, 2025

The National Security Implications of Illegal Gold Mining in Ghana

September 27, 2025

The Galamsey Fight, Jobs, and Livelihoods

September 27, 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.