• 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

IMF’s debt projections mere statistics – Finance Minister says

5 years ago
in Economy, highlights, Home, home-news, latest News
1 min read
0 0
0
Finance Minister, Ken Ofori Atta - norvanreports

Finance Minister, Ken Ofori Atta - norvanreports

166
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Minister for Finance, Ken Ofori-Atta, has described the country’s debt projections by the International Monetary Fund (IMF) as merely statistical.

The Finance Minister made the assertion in an interview with TV3 on Monday, October 26.

According to him, Government is not too concerned about the debt stock because its attention is focused on spending funds to protect Ghanaian lives and businesses against the coronavirus pandemic.

Mr Ofori-Atta stated that the lives of Ghanaians matter more to Government than debt.

Speaking further on the issue, he argued that monies spent in the financial sector cleanup and as well as payments of arrears in the energy sector, have also accounted for the increase in the nation’s debt.

“The IMF is expecting developed countries to have 125 per cent debt to GDP ratio. Countries like ours is doing about 65 per cent. When you discount what was spent in the financial sector cleanup and on the energy sector, that brings it back,” he staed.

“I guess the question for any nation at this pandemic time is, what you put forward first. The lives of the people who then become productive or you stick to some statistical numbers as an issue from stopping you from saving lives and I think we have chosen the latter,” he added.

RelatedPosts

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

Ghana’s debt has been projected to hit 76.7 per cent by end-2020 with fiscal deficit also reaching a record 16.4 per cent also by end-2020.

Source: norvanreports
Tags: CoronavirusDebtFinance Ministerfiscal deficitGDPIMF
No Result
View All Result

Highlights

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

Chamber of Mines Cautions Government Against Halving Mining Lease Tenure

Sidi Ould Tah Assumes Office As 9th President of the African Development Bank Group

Angola to Begin Fuel Production at First New Refinery in 50 Years

Fuel Prices Adjust Across Pumps as Cedi Depreciation Offsets Global Oil Decline

Trending

Features

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The Problem

September 2, 2025

60% of Africans Don’t Believe Democracy is Working in Their Interests – How Parliaments Can Fix The...

Banking Sector the Most Robust and Advanced Sector in Fight Against Money Laundering – Report

September 2, 2025

West Africa: Ghana Flagged as Target for Illicit Financial Flows in Latest National Risk Assessment

September 2, 2025

Central Bank Raises GH¢2.34bn in Short-Term Bill Sale at Nearly 25% Yield

September 2, 2025

Summer 2025 Transfer Window: Record-Breaking Moves Reshape European Football

September 2, 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.