Economist, and member of the Finance Committee in Parliament, Dr. Anthony Akoto Osei has defended the legislature’s decision to cap the Bank of Ghana (BoG) financing of government budget at 5 percent. His defense follows a press statement issued by the IMF over the weekend expressing dissatisfaction at some legislations passed by the House recently. … Read more
Ghana will later this month know whether the International Monetary Fund (IMF) will release the third tranche of its $918million Extended Credit Facility deal with the West African country. The Executive Board of the IMF is expected to take the decision when it meets and gets briefed by its delegation that visited Ghana last week … Read more
President Uhuru Kenyatta has nominated and endorsed Jim Yong Kim to serve a second term as President of the World Bank Group. Uhuru’s action was in response to an announcement from the World Bank Group Headquarters in Washington DC that the Bank was inviting member countries to nominate a candidate for the position of the … Read more
The International Monetary Fund (IMF) has conditioned its next review of the US$918 million Extended Credit Facility programme, expected mid-September, on a “quick and positive” resolution of the web of debt that entangles power sector state-owned enterprises. As government frantically seeks out options to clear the debts, the IMF fears a wrong move could pose … Read more
The number of people in need of food assistance in north-eastern Nigeria has risen to 4.5 million, nearly twice as many as in March, according to a mid-August analysis (Cadre Harmonisé) by various agencies including the UN World Food Programme (WFP). A worsening economy could see this figure rise by a further million as early … Read more
The visiting International Monetary Fund (IMF) staff mission to Ghana on Monday began work to assess the country’s performance in completing work on some targets under the fund program. The exercise could impact positively on the proposed IMF board meeting date and the release of some $500 million from Ghana’ donors. The IMF team, which … Read more
The Deen of the Faculty of Integrated Development Studies (FIDS), Dr. Sylvester Galaa has stated that Children are the future capital of Africa, as such any activity that is geared towards Social and child protection assignment would be embarked upon by the university. Dr Galaa said this whilst on a Six day Capacity building training … Read more
Mr. Prosper Bani is a senior manager and specialist in international peace-building and development processes. For over 15 years, Mr. Bani has led innovative processes in peace and development with the United Nations in several locations, world-wide. Between 2011 and 2012, he led the UN/IGAD inter-ministerial response on the humanitarian crises in Horn of Africa. … Read more
Ms. Lokko is the first Satellite Communications Engineer in Ghana, the first woman Engineer in the Ghana Broadcasting Corporation (GBC) and one of the Engineers who installed the first colour television infrastructure for Ghana. She was the only female Director-General the Ghana Broadcasting Corporation, since its inception in 1935. Ms. Eva Lokko is a product … Read more
The Bank of Ghana will now be able to finance government’s budget at five percent following the passage of the BoG Amendment Act which is now awaiting Presidential Assent. “I cannot really speak on that particular issue, that is, in terms of what actually informed the parliamentarians to keep the financing bit at 5% of … Read more
The International Monetary Fund (IMF) in its latest review report released on Thursday commended the government of Ghana for a satisfactory implementation of the program and meeting all the August 2015 performance criteria set. It further acknowledged of the government’s preparedness to meet the challenges the election year might pose. Finance Minister Seth Tekper attributed … Read more
As part of activities to mark World Food Day 2015, HelloFood Ghana, led by its Managing Director, Mr. Sofiène Marzouki, donated assorted food items and toiletries to the Teshie Orphanage in Accra. The event which took place on Thursday, October 29, 2015, forms part of steps, by the online food delivery marketplace, to support the … Read more
The International Monetary Fund said Tuesday it was holding talks with government officials in Ghana on possible aid to surmount the African nation’s fiscal and economic challenges. A team will be in the capital Accra through September 25 for the discussions with Ghanaian authorities, who formally requested IMF assistance on August 8, the Washington-based global … Read more