• 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

Former Finance Chief Terkper assesses IMF programme impact on Ghana’s economy

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
225
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Former Finance Chief Terkper assesses IMF programme impact on Ghana’s economy

Former Finance Minister Seth Terkper, in a virtual media dialogue on April 26, 2024, offered nuanced insights into Ghana’s engagement with the IMF program and its consequential impact on the nation’s economic trajectory.

Mr Terkper speaking during the virtual media dialogue emphasized the necessity of a holistic assessment of the Fund programme, noting that a comprehensive evaluation typically necessitates waiting until the programme’s conclusion.

While acknowledging certain positive developments in the early stages of the Fund programme, the former Finance Chief voiced reservations regarding the medium-term outlook of the Ghanaian economy and the efficacy of the primary balance metric as a performance criterion as against the use of the fiscal balance metric.

Advocating instead for a focus on the fiscal balance, in alignment with Ghana’s Fiscal Responsibility Act, Mr Terkper expressed concerns about the programme’s performance thus far, citing it as somewhat lackluster.

Furthermore, he underscored the ongoing challenges in reducing the Government’s reliance on Treasury bills and re-establishing access to capital markets.

“Well for a true assessment of every fund programme normally is going to the end of the program. We are barely a year into this one from the first review. I think we have been shown the positives. But you know my reservations, which have to do with the medium term and the performance criteria being used, which is the primary balance that does not give me much hope in terms of performance.

RelatedPosts

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

“Because we should rather be looking at a fiscal balance and not the primary balance to judge our performance in line with our own fiscal Responsibility Act. So performance has been a bit lackluster. But in terms of returning to the capital markets and stopping the excessive reliance on Treasury bills to finance the budget and others, I think there isn’t much to expect from there,” he remarked.

Meanwhile, the IMF Mission Chief to Ghana, Stephane Roudet, has commended Ghana’s performance under the IMF programme.

According to Mr Roudet, Ghana is overperforming under the IMF programme. He lauded the programme’s effectiveness, noting that it not only meets but exceeds its promises.

“Ghana is overperforming under the IMF programme and that is good. Ghana’s programme is delivering on its promises and in fact, it is over-delivering,” he remarked.

Ghana’s robust performance has prompted the IMF to reconsider its growth forecasts for the country for 2024, with Mr Roudet citing better-than-expected inflation figures as a contributing factor.

“We are also surprised by how well growth has performed under Ghana’s programme, a development that was not anticipated at the programme’s outset,” he posited attributing this success to Ghana’s commitment and earnestness in implementing the programme, with the Bank of Ghana actively contributing to inflation control.

Tags: Former Finance Chief TerkperFormer Finance Chief Terkper assesses IMF programme impact on Ghana's economyGhana's economyIMF programme
No Result
View All Result

Highlights

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

President Mahama Secures Infrastructure, Technology, and Agriculture Deals on Japan Visit

Mida Pledges Alignment With US Strategic Shift On Millennium Challenge Corporation

Standard Chartered Empowers Future Leaders Through Financial Literacy and Mentorship

Nigeria Exiting Years of Economic Doldrum But Hard Road Ahead Still

Trending

Features

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

August 25, 2025

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers As anticipation builds for the...

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

August 25, 2025

Ghana Revenue Authority Targets Retrieval of GHS 163m in Unpaid Taxes and VAT Arrears

August 25, 2025

Nurturing Dreams: Ghana’s Football Future Blossoms with Talent Identification Initiative

August 25, 2025

Champion of Champions: Gold Stars set for Showdown Against Asante Kotoko in Bibiani

August 25, 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.