The International Monetary Fund (IMF) has urged the Bank of Ghana (BoG) to maintain a tight monetary policy stance given upside risks to inflation while doing more to advance the Fund’s advice on safeguards. According to the Fund, a tight policy stance, supported by robust liquidity absorption operations, is warrantedContinue Reading
The International Monetary Fund has revealed in its Third Review of the Economic Credit Facility programme that the energy sector is a major source of fiscal risk in Ghana, According to the Fund, the sector had an estimated stock of arrears (“legacy debt”) of US$2.1 billion or 2.8% of GrossContinue Reading
Beyond 2024, Ghana’s Gross Domestic Product (GDP) growth is projected to gradually increase to its potential level of about 5.0%. This is consistent with many forecasts by international research institutions. According to the International Monetary Fund (IMF) Country Report on Ghana, the macroeconomic outlook remains positive. Notwithstanding headwinds from theContinue Reading