Further financial assistance for Greece depends on the successful completion of a review of its bailout program and the participation of the International Monetary Fund (IMF), a spokesman for the German Finance Ministry said on Tuesday. “Further payments depend on the successful completion of the program’s review and the participation of the IMF,” the spokesman … Read more
The Finance Ministry says it is optimistic a meeting Wednesday by the IMF to decide release of the third installment of funds under the Extended Credit Facility will be favourable. A Deputy Minister of Finance, Mona Quartey, said progressive data on how government has performed under the programme so far was presented last week to … Read more
CitiBusinessNews.com can confirm the board of the International Monetary Fund (IMF) will meet tomorrow, September 28, 2016 to finalize on whether or not to approve the third tranche of funding for Ghana under the Extended Credit Facility (ECF) Programme. A Deputy Minister of Finance Mona Quartey who confirmed this to CitiBusinessNews.com said, Ghana last week … Read more
The International Monetary Fund (IMF) has every right to walk out of the three-year Extended Credit Facility (ECF) programme with the country, following Parliament’s refusal to legalise the zero limit on Central Bank financing of the budget deficit, a former deputy Governor of the Bank of Ghana (BoG), Mr Emmanuel Asiedu-Mantey, has said. An IMF … Read more
The Mahama-led National Democratic Congress government, through the manoeuvrings of Finance Minister Seth Terkper, has outwitted the International Monetary Fund, having its way on the critical issue of Bank of Ghana’s financing of government. That was after whipping Parliament to enable it to breach the key condition in the IMF’s agreement with the country. The … Read more