fbpx
Sunday, June 15, 2025
  • HOME
  • ENTERTAINMENT
  • SPORTS
  • LIFESTYLE
  • BUSINESS
  • GENERAL NEWS
  • POLITICS
  • WORLD NEWS
  • TV
  • RADIOS
  • CONTACT US
  • OUR SHOP
No Result
View All Result
Kumasi Online Tv
Kumasi Online Tv
  • HOME
  • ENTERTAINMENT
  • SPORTS
  • LIFESTYLE
  • BUSINESS
  • GENERAL NEWS
  • POLITICS
  • WORLD NEWS
  • TV
  • RADIOS
  • CONTACT US
  • OUR SHOP
KUMASI ONLINE TV
No Result
View All Result
ADVERTISEMENT
Home BUSINESS

IMF team to arrive in Ghana today; bailout talks begin on Wednesday

Kumasi Online by Kumasi Online
5th July 2022
in BUSINESS
0
14
SHARES
119
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

A team from the International Monetary Fund (IMF) is set to arrive in Ghana today, Tuesday, July 5, 2022, ahead of a discussion with the government of Ghana on a bail-out request made to the fund.

Negotiations will begin on Wednesday, July 6, 2022.

President Nana Akufo-Addo on Friday, July 1, 2022, directed the Finance Minister, Ken Ofori-Atta, to commence engagements with the Bretton Woods institution on a possible economic bail-out.

The Ministry of Information, in a statement announcing the President’s directive, said the Minister for Finance, Ken Ofori-Atta will be leading the negotiations with the IMF in the coming days.

The news has been received with mixed feelings. The Government of President Akufo-Addo initially condemned the IMF on several platforms, vowing never to seek any form of support from the fund.

A statement from the Ministry of Finance noted that: “a delegation from the Fund is scheduled to arrive in Accra on Tuesday 5th July 2022, to commence in-person meetings with the Government of Ghana on Wednesday 6th July 2022.”

“The Ministry further takes this opportunity to assure Ghanaians of the Government’s commitment to successfully negotiate a program with the IMF in the coming months, in support of Ghana’s economic recovery,” the statement issued by the Public Relations unit of the Finance Ministry added.

ADVERTISEMENT

Labour unions including TUC have lambasted the government for its decision to seek support from the fund.

They said government resorting to the IMF means the economy will likely reel under several restrictions and controls to be imposed by the fund.

Civil society organisations also expressed their displeasure at the government’s request for a bail-out from the IMF. They corroborated the concerns of TUC saying the economic hardship being endured by the people of government will get worse with IMF restrictions.

Meanwhile, the IMF’s social media platforms have been inundated with comments from Ghanaian netizens warning the fund against bailing the Ghanaian government out unless enough fiscal disciplinary measures are put in place.

ADVERTISEMENT

The IMF team will consist of senior officials from the Fund as well as local staff based here in Ghana.

Analysts suggest that it would take at least three months for a programme to be agreed upon between the parties.

SEND A STORY: Do you have a story for us or need a promotion/advertisement? Submit them via our email dannyboy744@gmail.com and via on +233 266777777

Tags: IMFKen Ofori-AttaNana Akufo-Addo
Previous Post

No song has raked in more money in the history of Ghana music than ‘Touch It’- KiDi says

Next Post

Social Media Divided Over Nana Ama Mcbrown’s Hips Months After Arm Surgery {VIDEO}

Related Posts

BUSINESS

April’s inflation rate slightly decreases to 25%.

8th May 2024
BUSINESS

Dumsor compels retailers to keep fuel and generators inside their establishments GUTA says, ‘It’s dangerous’ for market safety and security

29th April 2024
BUSINESS

You have 120 days to raise funds in order to restructure operations, and two weeks to start paying salaries. Lands Min. to FGR

25th April 2024
BUSINESS

Ghanaians with foreign income are urged by GRA to voluntarily comply with their taxes

17th April 2024
BUSINESS

Petrol Price To Hit Single Digit- IES …Diesel To Drop To GHC11

30th December 2022
A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT
BUSINESS

COPEC predicts marginal reduction in fuel prices from January 1

30th December 2022
Next Post

Social Media Divided Over Nana Ama Mcbrown’s Hips Months After Arm Surgery {VIDEO}

17 Terrorist Attacks Recorded In West Africa In June 2022 – Kan-Dapaah

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR CHANNEL

LISTEN LIVE

PLACE YOUR ADVERT HERE

ENROLL NOW +233 550623377

LAST TWEETS




KUMASI ONLINE GH




KOBOKOBO (SEASON 1) EP 1
KOBOKOBO (SEASON 1) EP 2
KOBOKOBO (SEASON 1) EP 3
KOBOKOBO (SEASON 1) EP 4
KOBOKOBO (SEASON 1) EP 5
KOBOKOBO (SEASON 1) EP 6
KOBOKOBO (SEASON 1) EP 7
KOBOKOBO (SEASON 1) EP 8
KOBOKOBO (SEASON 1) EP 9
  • Blog
  • Privacy
  • Advertisement
  • Contact

Connect With Us Online Sales: 0208115183 | 0266777777 | Ads Dept: +233 550623377 © 2017-2024 All Rights Reserved Kumasi Online Ghana .

No Result
View All Result
  • HOME
  • ENTERTAINMENT
  • SPORTS
  • LIFESTYLE
  • BUSINESS
  • GENERAL NEWS
  • POLITICS
  • WORLD NEWS
  • TV
  • RADIOS
  • CONTACT US
  • OUR SHOP

Connect With Us Online Sales: 0208115183 | 0266777777 | Ads Dept: +233 550623377 © 2017-2024 All Rights Reserved Kumasi Online Ghana .

Verified by ExactMetrics