Government’s decision to turn to the domestic market for loans to finance key projects has received the support of the International Monetary Fund (IMF). With almost a half of the debt stock – GH¢68.9 billion or 40.8 per cent – in the hands of foreign investors, the IMF says should Ghana re-finance the fiscal deficit … Read more
The International Monetary Fund (IMF) has thrown its weight behind the government’s decision to rely primarily on domestic borrowing to finance the deficit this year. It says the country’s strong appetite for foreign debt in recent times could prove injurious to the economy in the long run, given its implication on debt refinancing and exchange … Read more
Steps by govt to improve the economy promising – IMF The International Monetary Fund (IMF) has lauded steps taken by government to recover the country from it’s economic doldrums, describing these steps as promising. The fund’s concluding statement which constitutes the preliminary findings of IMF staff that visited Ghana in April, said the recently assembled … Read more