2024 Elections: Will They Address the Key Concerns of Ghanaians, Businesses, and Investors?
2024 Elections: Will They Address the Key Concerns of Ghanaians, Businesses, and Investors?—Ghana’s December 7 elections pit Mahama against Bawumia,…
John Dramani Mahama
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President-Elect Mahama Urged to Form Independent Economic Advisory Team
President-Elect Mahama Urged to Form Independent Economic Advisory Team——Economist urges Mahama to form an independent Economic Advisory Council and review…
Ghanaians Place Economic Hopes on NDC’s 2025 Promises as New Leadership Begins
Ghanaians welcome 2025 with optimism as NDC’s administration, led by Mahama, aims for economic recovery, infrastructure, and reforms. A new…
No Extension for Now: President Mahama Commits to Completing Ghana’s $3 Billion IMF Programme
In a decisive move to maintain economic stability, President John Dramani Mahama has ruled out any immediate extension of Ghana’s $3 billion Extended Credit Facility (ECF) with the International Monetary Fund (IMF).
Speaking at the Munich Security Conference in an interview with Bloomberg TV, the President reaffirmed his administration’s commitment to implementing the current programme as planned.
“We’ve not talked about an extension of the programme. We are determined to continue with this programme,” President Mahama stated. “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.”
His remarks underscore the government‘s focus on economic recovery without seeking additional support in the interim.
During discussions with the IMF, the government emphasized tax rationalisation, debt management, and fiscal prudence as key priorities to sustain economic progress. President Mahama reiterated that these measures are essential for Ghana’s long-term economic stability, ensuring the nation reaps the full benefits of the ongoing programme.
Ghana’s $3 billion ECF programme, which began on May 17, 2023 under the previous Nana Akufo-Addo administration is designed to support economic recovery and growth over three years.
Ghana Revives National Airline Ambitions as Taskforce Crafts Blueprint for Flag Carrier’s Return
ACCRA — Ghana is taking concrete steps toward re-establishing a national airline nearly two decades after the collapse of Ghana…
Bank of Ghana Marks 60 Years of the Cedi, Citing Currency’s Revival and Economic Resilience
ACCRA — The Bank of Ghana has launched a year-long commemoration of the national currency’s 60th anniversary, portraying the cedi…
