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The government will use the IMF bailout window to renegotiate debts towards saving about $10.5 billion. The Minister of Finance, Ken Ofori-Atta is looking forward to a fruitful engagement with Ghana’s bilateral and private creditors in the days ahead.The external creditors include bilateral and commercial creditors. The government announced a...Read more
Government is committing US$2.6million to establish innovation centres across the country to equip about 3,000 Ghanaians with digital literacy by next year. With this, government hopes to further bridge the country’s yawning technology usage gap, says deputy Communications and Digitalisation Minister, Ama Pomaa Boateng Ms. Pomaa Boateng also stated that...Read more
Finance Minister Ken Ofori-Atta has said the government expects the International Monetary Fund (IMF) board approval of the deal it seeking with the Fund by May this year. He told the investors on the sidelines of the ongoing IMF/World Bank Spring Meetings in Washington, D.C. USA on Thursday, April 13...Read more
The International Monetary Fund in its April 2023 World Economic Outlook (WEO) Report has reduced Ghana's growth rate from its earlier forecast of 2.8% to 1.6% for this year. This comes after the World Bank revised its prediction of the nation's growth rate for this year downward to below 2%....Read more
Oil prices held steady on Wednesday, April 12, 2023, a surprise increase in U.S. crude stocks. The market has been watching the rise in crude stockpiles closely in recent weeks as it may indicate a slowdown in global demand. Brent crude prospects were up 4 cents at $80.34 a barrel,...Read more