IMF

IMF Boss Kristalina Georgieva throws support behind the new Finance Minister

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has welcomed Dr Mohammed Amin Adam, the new Finance Minister. She believes that Dr Amin Asam’s leadership will be crucial in sustaining Ghana’s reform effort and building on the current momentum of strong programme performance and gradual economic stabilisation. She directed Dr. Adam to make efforts to restore stability to Ghana’s economy. In the most recent reshuffling, the President promoted...[Read More]

IMF chief on 2023 economic outlook

During a speech in China on Sunday, the head of the International Monetary Fund called for greater vigilance over the global financial system, while also pointing to “green shoots” emerging in the world’s second-largest economy. “Risks to financial stability have increased,” said IMF Managing Director Kristalina Georgieva at the China Development Forum in Beijing. Georgieva praised policymakers for acting quickly in response to the banking crisis, citing major centr...[Read More]

IMF’s Gerry Rice: Ukraine war triggered economic meltdown

Gerry Rice, Director of the International Monetary Fund’s (IMF) Communications Department, has reiterated how badly the Russia-Ukraine war and the Covid-19 pandemic have harmed Ghana’s economy. Responding to former President John Dramani Mahama’s criticisms of the IMF’s assessment of Ghana’s economy at a press conference, Mr. Gerry Rice emphasized that the country’s plight has been exacerbated by the Russia-Ukraine war, which has already injected a significant...[Read More]

IMF new Mission Chief meets Governor of BoG

On Wednesday, September 7, 2022, a two-member delegation led by the new IMF Mission Chief for Ghana, Stéphane Roudet, paid a courtesy call on the Governor of the Bank of Ghana, Dr. Ernest Addison, and the Bank’s Management. This follows the appointment of Stéphane Roudet as the new IMF Mission Chief for Ghana, effective September 1, 2022. The new Mission Chief was in Ghana to meet with various government institutions and other key stakeholders in preparation for Ghana’s Fund-supporte...[Read More]

Mahama tells US Ambassador that Akufo-Addo’s poor decisions worsened economic woes

Former President John Dramani Mahama has told the United States Ambassador to Ghana, Virginia E. Palmer, that the Ghanaian government’s poor economic decisions have exacerbated the country’s economic woes. Mr Mahama cited the cleaning up of the banking sector, which resulted in the failure of indigenous banks and finance institutions, as examples of poor decisions made by this government. He claimed that this, combined with corruption and misappropriation of COVID-19 funds, which he ...[Read More]

Ghana is working with the IMF to push economy back to path of prosperity

Ghana is working with the International Monetary Fund (IFMF), according to Information Minister Kojo Oppong Nkrumah, to return the economy to a prosperous path. He urged Ghanaians to keep their faith and fight together. He said on a Facebook post, “Though our challenges are not our fault, H.E Nana Addo Dankwa Akufo-Addo always takes leadership in finding solutions, no matter how difficult they may be.” I recall his many sleepless nights during covid, working tirelessly to bring relie...[Read More]

Ghana’s economic challenges not due to bad policies

Gabby Otchere-Darko, a leading member of the ruling New Patriotic Party (NP), has welcomed comments by International Monetary Fund (IMF) Director Kristalina Georgina to the effect that Ghana’s economic challenges are not the result of bad policies. In a tweet, Mr. Otchere-Darko stated, “This is not Kojo Oppong Oppong Nkrumah or President Akufo-Addo speaking.” This is not ⁦@konkrumah⁩ or ⁦@NAkufoAddo⁩ speaking. “Ghana’s economic challenges not due to bad policies” – IMF boss | h...[Read More]

This Week: IMF to help Ghana stabilize the Economy

Ken Ofori-Atta, the Finance minister, visited the United States this week for a routine medical examination. He met with Kristalina Georgieva, Managing Director of the International Monetary Fund, while he was in the US, to go over Ghana’s economic difficulties. Ghana’s economy needs stabilization, and the International Monetary Fund (IMF) has stated its willingness to assist. After a meeting with the Finance Minister, Ken Ofori-Atta, the IMF’s Managing Director, Kristalina Geo...[Read More]