fbpx
Wednesday, July 16, 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

Government sets up 5-member committee to lead financial sector inputs in finalising deal with IMF

Kumasi Online by Kumasi Online
11th October 2022
in BUSINESS
0
15
SHARES
125
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Government has set up a 5-Member Consultative Committee to lead the financial sector stakeholder engagements to reach a deal with the International Monetary Fund (IMF) on Ghana’s debt restructuring . 

The group will examine views from financial sector players to deal with issues in the financial sector before reaching a deal with the International IMF for an Economic programme.

Joy Business has learned that the group is different from the Credit’s Committee.

Constitution on the Group

According to the Finance Ministry, the Committee is chaired by Mr. Albert Essien, with Mr. Simon Dornoo as vice chair.

The other members of the Committee are, Mr. Alex Asiedu, Ms. Mabel Nyarkoa Porbley, and Mr. Peter Enti.

The Committee will be giving counseling and will among other things, lead discussions with the financial services industry and other stakeholders to provide industry-wide inputs and transmit industry concerns on debt management strategy to the Ministry of Finance and the Bank of Ghana.

The expectations and goals are to ensure orderliness and confidence in government’s negotiations with the IMF.

The committee, Joy Business understands is expected to give more power to the industry players on any decision that government will reach going forward in dealing with Ghana’s debt and the IMF programme.

 Why this consultative group?

The Finance Minister, Ken Ofori-Atta at Press Briefing on 26th September, 2022 announced that the committee will be set up for some broader stakeholder consultative inputs on finalising any deal with the IMF for an economic programme.

The Finance Ministry and the Bank of Ghana have constituted a 5-Member Consultative Committee consisting of prominent financial services professionals to lead the extensive stakeholder engagements across all the key segments of the financial sector.

Scope of the consultative group?

The Finance Ministry has also disclosed that a similar engagement will be undertaken with Ghana’s external bondholders.

“The stability of the domestic financial ecosystem is critical to a successful IMF-supported economic programme and Government will take all necessary steps to protect the sector as we have done in the past,” the ministry said.

“We need the support and trust of all Ghanaians to ensure that a historic arrangement is reached with the IMF. We are confident that with such engagement and collaboration the Ghanaian way, will enable us to recover very quickly and strongly from our macroeconomic challenge”, it said.

Who is Albert Essien?

Mr. Essien is a seasoned financial specialist with 30 years of experience in the banking sector.

He is the former CEO of Ecobank Group. Albert serves on several boards including the Development Finance Institute (Fin Dev), Canada, Old Mutual – South Africa, LMI Holdings as well as Jumo Africa.

ADVERTISEMENT
ADVERTISEMENT

He is also the Board Chairman of Ghana Amalgamated Trust.  Albert holds a Bachelor of Arts degree in Economics from the University of Ghana, Legon and is a fellow of the Chartered Institute of Bankers, Ghana.

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

Previous Post

Galamsey activities very embarrassing – Reggie Rockstone

Next Post

Access Bank supports government’s agenda on youth entrepreneurship

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

Access Bank supports government’s agenda on youth entrepreneurship

A-G lines up 8 witnesses against Aisha Huang

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