• Latest
  • Trending
Ghana’s Energy Sector is the ‘biggest threat’ to economic stability - IMF

IMF set for key talks with government as Ghana finalizes 2025 budget amid tax cuts

February 10, 2025
August 4th would not be observed as a public holiday - Interior Ministry

Upcoming Akwatia by-election: NDC clears three individuals for primaries

July 31, 2025
August 4th would not be observed as a public holiday - Interior Ministry

August 4th would not be observed as a public holiday – Interior Ministry

July 31, 2025
GJA demands swift Justice amid surge in attacks on Journalists

GJA demands swift justice amid surge in attacks on journalists

July 31, 2025
Kenya lifts drinking age from 18 to 21 years in latest substance abuse crackdown

Kenya lifts drinking age from 18 to 21 years in latest substance abuse crackdown

July 31, 2025
Stop expelling students over school fees arrears, deal with parents instead - Education Director

Stop expelling students over school fees arrears, deal with parents instead – Education Director

July 31, 2025
Ghana School of Law embraces AG’s legal education reform, calls for levelelled playing field

Ghana School of Law embraces AG’s legal education reform, calls for levelelled playing field

July 31, 2025
Central Regional Minister Urges Elmina Tech Center to Scrap Maths, Science Entry Requirement

Central Regional Minister urges Elmina Tech Center to scrap maths, science entry requirement

July 31, 2025
Ablekuma Central MCE threatens to lash sanitation offenders

Ablekuma Central MCE threatens to lash sanitation offenders

July 31, 2025
Fixing cedi-dollar rate in seven months unrealistic – Ablekuma Central MCE

Fixing cedi-dollar rate in seven months unrealistic – Ablekuma Central MCE

July 31, 2025
Abossey Okai Spare Parts Dealers Lament Slow Sales Despite Cedi Gains

Abossey Okai spare parts dealers lament slow sales despite cedi gains

July 31, 2025
Roads Minister declares two year deadline for completion of 32 major projects

Roads Minister declares two year deadline for completion of 32 major projects

July 31, 2025
High Court dismisses Torkornoo’s review application

High Court dismisses Torkornoo’s review application

July 31, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

IMF set for key talks with government as Ghana finalizes 2025 budget amid tax cuts

in News, Top Story
Ghana’s Energy Sector is the ‘biggest threat’ to economic stability - IMF

Ghana’s Energy Sector is the ‘biggest threat’ to economic stability - IMF

Share on FacebookShare on TwitterShare on Whatsapp

The International Monetary Fund (IMF) is set to engage in critical discussions with the government this week as Ghana finalizes its 2025 budget, which is scheduled for presentation in March.

These talks come at a crucial time, with the government planning to eliminate key tax measures, including the controversial E-levy, betting tax, and COVID-19 levy. These taxes, introduced by the previous administration to boost domestic revenue, have faced strong opposition from businesses and citizens.

As Ghana remains under an IMF-backed $3 billion Extended Credit Facility (ECF) program, the fund is expected to assess whether the proposed tax cuts align with the country’s fiscal consolidation goals. The IMF will be looking for assurances that removing these levies will not weaken revenue targets or disrupt Ghana’s economic recovery.

Beyond revenue concerns, the government is also under pressure to address Ghana’s growing energy sector debt, which has placed a significant strain on public finances. With liabilities exceeding $2 billion, the sector’s financial challenges continue to threaten the stability of power producers and the broader economy. Independent Power Producers (IPPs) have repeatedly warned of potential power supply disruptions if the government does not settle outstanding arrears.

The financial difficulties within the energy sector have also contributed to the depreciation of the cedi, as the government requires substantial foreign exchange to meet its payment obligations to power producers. The IMF is expected to push for concrete measures to address inefficiencies in the energy sector, improve cost recovery, and establish a sustainable financial framework for the industry.

To secure IMF support, the government must present a clear roadmap detailing how it plans to offset revenue losses, settle energy sector debts, and maintain macroeconomic stability while implementing the proposed tax reforms.

The outcome of these discussions will be closely monitored by investors, businesses, and multilateral partners as Ghana seeks to balance fiscal discipline, economic growth, and energy sector stability.
[10:13 am, 10/02/2025] Madam FATI: Mahama calls for resilience and unity at Chinese Lantern Festival Gala

President John Dramani Mahama has urged Ghanaians to remain hopeful and united despite the economic and social challenges facing the nation.

Speaking at the Chinese Lantern Festival Gala, he emphasized that in times of uncertainty marked by economic instability, global conflicts, climate change, and emerging health concerns hope must never be lost.

“As we celebrate tonight, let us reflect on the deeper message of this festival. The world today faces many challenges, economic uncertainty, global conflicts, climate change, and emerging health concerns. Yet, the light of this festival reminds us that even in times of darkness, hope must never be lost.

“It teaches us that resilience and unity can help us overcome obstacles and build a better future together, he said.

The festival, celebrated as a symbol of light overcoming darkness, served as a reminder of resilience, determination, and the power of shared aspirations. President Mahama acknowledged the efforts being made to address Ghana’s economic difficulties and expressed gratitude for the support of international partners, including China.

Stressing the importance of collaboration, he underscored that when people stand together in unity, no challenge is insurmountable. His message resonated with the festival’s theme, which promotes harmony and collective strength in overcoming obstacles.

Tags: 2024 BudgetGhanaIMF

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

South Africa’s land act gains momentum amid controversy

Next Post

Dafeamekpor denies involvement in fight during vetting

Next Post
Dafeamekpor denies involvement in fight during vetting

Dafeamekpor denies involvement in fight during vetting

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Upcoming Akwatia by-election: NDC clears three individuals for primaries
  • August 4th would not be observed as a public holiday – Interior Ministry
  • GJA demands swift justice amid surge in attacks on journalists
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.