ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

IMF Board approval for Ghana will delay – EIU

Sat, Apr 29 2023 12:10 PM
in Business, Ghana General News
imf board approval for ghana will delay eiu
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
IMF

The Economist Intelligence Unit (EIU) is warning that the International Monetary Fund board approval for Ghana will be delayed owing to prolonged external debt-restructuring negotiations, given the involvement of multiple stakeholders in the process.

In its 2023 Country Report on Ghana, the UK based firm said it expect Ghana to secure restructuring agreements on its public external debt during 2023-2024, involving official and private creditors alike.

This will include a combination of write offs, maturity extensions and reductions in interest rates.

“We expect official creditors to agree to a deal in 2023, and this, combined with the domestic debt restructuring that has already been secured, should provide enough reassurance to reduce Ghana’s risk of debt distress and allow the IMF to approve the agreed programme”.

“However, there is a material risk that IMF board approval will be delayed owing to prolonged external debt-restructuring negotiations, given the involvement of multiple stakeholders in the process”, it cautioned.

Already, there had been mixed expectations of the IMF support programme by May 2023.

ReadAbout

Symphony or Cacophony? Ghana’s Fiscal and Monetary Policy Duet in 2025

IMF Board to consider Ghana’s 5th Programme review in Dec, approves $380m disbursement

BoG confirms diaspora remittances now flowing through crypto channels

Ghana first requested an IMF extended credit facility (ECF) programme in early July 2022 against a backdrop of unsustainable debt levels, soaring debt-service costs, a severely weakened currency and large twin fiscal and current account deficits.

The local-currency debt swap that was announced by the government in early December 2022, and confirmation of plans to launch an external debt-restructuring programme, paved the way for the government to reach a staff-level agreement with the IMF for a three-year, $3 billion ECF arrangement on December 12, 2022.

Soon afterwards, in mid-December, the country announced the suspension of payments on most of its external debt, setting the stage for a restructuring process.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Nigerian police fire tear gas as protesters gather over separatist leader

Nigerian police fire tear gas as protesters gather over separatist leader

0
Health professionals bemoan galamsey impact on medical infusion production

Health professionals bemoan galamsey impact on medical infusion production

1

“We are back to zero!” — Lawyer slams OSP over repeated amendments in NPA case

New delegate poll shows Ken Agyapong in commanding position as Bawumia faces decline

Zelensky ready to join Trump-Putin talks after ‘frank’ White House meeting

We climb trees to make phone calls – Ataso residents lament

Elubo immigration steps up checks amid surge of Ivorians escaping election tensions

Rethinking Ghana’s Healthcare Financing: Why nonprofit hospitals and contract-based staffing are the future

OSP expands charges against Mustapha Hamid and nine others from 25 to 54

Teacher who killed eight-year-old jailed for life in South Korea

  • Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    0 shares
    Share 0 Tweet 0
  • Haruna Iddrisu urges review of salary disparities between doctors in academia and health service

    0 shares
    Share 0 Tweet 0
  • No justification for higher GAF entry age – Col. Festus Aboagye (Rtd.)

    0 shares
    Share 0 Tweet 0
  • Farewell, River Ayensu

    0 shares
    Share 0 Tweet 0
  • OSP declares former Finance Ministry Advisor wanted over SML corruption probe

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.