• 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

Ghana Rules Out IMF Programme extension Renegotiation as Government Doubles Down on Reform Goals

7 months ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
170
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana Rules Out IMF Programme extension Renegotiation as Government Doubles Down on Reform Goals

Finance Minister, Dr. Cassiel Ato Forson, has ruled out any possibility of extending the country’s ongoing IMF programme through a renegotiation with the Fund, reiterating the John Mahama administration’s full commitment to the reform agenda.

Speaking at a joint press conference in Accra, Dr. Forson stressed that the government’s priority is to implement the programme as designed, with the ultimate goal of restoring macroeconomic stability and achieving sustainable growth.

“Renegotiating presupposes that you don’t believe in the programme and so you want to open up the conversation to look at other parameters. That is not the position of the government,” he remarked. “The government is committed to the implementation to achieve the objectives of the IMF programme.”

Ghana is currently under a $3 billion IMF-supported Extended Credit Facility (ECF) programme, agreed in 2023 to address debt sustainability challenges, rebuild foreign exchange buffers, and strengthen fiscal discipline. Calls for possible renegotiation have intensified in some quarters, especially given the political transition following the 2024 elections.

However, Dr. Forson was categorical in dispelling such speculation, indicating that any renegotiation would signal a lack of confidence in a programme the administration firmly supports.

Meanwhile, in a move to deepen fiscal accountability, the Finance Minister also announced the upcoming launch of a Public Financial Management (PFM) Commitment Control Compliance League Table, designed to monitor the adherence of Ministries, Departments, and Agencies (MDAs) to spending commitments outlined under the PFM Act.

RelatedPosts

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months

Ghana Retains 6th Spot Among Africa’s Top Investment Destinations — RMB Report

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

“We have commenced the operationalisation of the Compliance Desk at the Ministry of Finance to monitor MDA’s compliance with their fiscal commitments,” Dr. Forson said. “We will soon begin the publication of a PFM Commitment Control Compliance League Table which will show MDA rankings based on the level of compliance and non-compliance.”

The league table, a novel initiative in Ghana’s public sector financial governance, is expected to enhance transparency, curb fiscal indiscipline, and support the broader objectives of the IMF programme through robust expenditure monitoring.

Tags: ghanaGhana Rules Out IMF Programme extension Renegotiation as Government Doubles Down on Reform GoalsIMF programmeIMF Programme extension Renegotiation

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

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

Norrie Stuns Alcaraz to End World Number One’s Winning Streak at Paris Masters

Ghana, Nigeria, South Africa Qualify for TotalEnergies CAF Women’s Africa Cup of Nations 2026

PSG Posts Record Turnover of €837 Million After Champions League Triumph

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

Trending

Business

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months

October 29, 2025

Gold Industry Sees Price Rising to Near $5,000/Oz Over 12 Months The price of gold is expected...

Ghana Retains 6th Spot Among Africa’s Top Investment Destinations — RMB Report

October 29, 2025

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

October 29, 2025

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

October 29, 2025

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

October 29, 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.