• 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 Agribusiness

Ghana’s Bid to Renegotiate $3bn IMF Programme Fails

5 months ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
2
9.1k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana’s Bid to Renegotiate $3bn IMF Programme Fails

Ghana’s attempt to renegotiate the terms of its $3 billion Extended Credit Facility (ECF) with the International Monetary Fund (IMF) has failed, according to UK-based research firm Fitch Solutions.

Despite the setback, the government is unlikely to withdraw from the IMF arrangement, given the country’s dependence on external financial support to stabilise its economy.

“We think it is highly unlikely that the authorities will pull out of the programme following unsuccessful renegotiation attempts, given Ghana’s reliance on IMF assistance for external stability,” Fitch Solutions stated.

The research firm expects the government to stay the course on fiscal consolidation, in line with the programme’s objectives. It further highlighted that continued IMF support remains critical for Ghana’s foreign exchange liquidity and is a key factor underpinning investor confidence in the country’s economic management.

President John Mahama, in an interview with Bloomberg last month, reaffirmed that his administration has no immediate plans to extend Ghana’s ongoing ECF programme.

“We’ve not talked about an extension of the programme. We are determined to continue with this programme,” President Mahama said. “If it’s necessary to look at additional funds or to extend the programme, we’ll look at it, but for now, we are determined to continue on this trajectory.”

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Ghana’s $3 billion ECF programme, approved on May 17, 2023, spans three years and is designed to support the country’s economic recovery and growth. As part of the agreement, Ghana is required to implement structural reforms and maintain fiscal discipline to restore economic stability.

Under the agreement, Ghana is required to achieve a primary surplus of 1.5% of GDP by the end of 2025, limiting the government’s ability to boost public investment.

With the government committed to adhering to the programme’s terms, investors will be closely watching how authorities navigate ongoing economic challenges within the framework of the existing agreement.

Tags: $3bn IMF ProgrammeGhana’s Bid to Renegotiate $3bn IMF Programme Failssays Fitch Solutions

Comments 2

  1. Benjamin Owusu-Ofori says:
    5 months ago

    Clarity of news

    Reply
  2. Yeboah says:
    5 months ago

    Once the indicators are pointing at the right direction there’s no need to change course. Further it’s the IMF which recommended the Banking Sector Reforms sometime ago which was not implemented, so why should they reconsider reversal. The country should progress and not retrogress

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 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.