• About
  • Advertise
  • Privacy & Policy
  • Contact
Extra News Ghana
Advertisement
  • Home
  • Lifestyle
    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise
No Result
View All Result
  • Home
  • Lifestyle
    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Let’s celebrate Eid with family and friends to advance peace, says Bawumia.

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    Ghana’s tallest man appeals for support: “I need surgery to stop my growth.”

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    I’ll continue to bring black folks in America and Africa together. — Meek Mill

    A Year of Lives Lost to Diseases Science Has Yet to Tame

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise
No Result
View All Result
Extra News Ghana
No Result
View All Result
Home General

We’re concerned about Government’s “No Sense of Urgency” in closing IMF deal – Goldman Sachs

by
18 August 2022
in General
0
We’re concerned about Government’s “No Sense of Urgency” in closing IMF deal – Goldman Sachs
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

US investment banking giant, Goldman Sachs has raised concerns about what it describes as “No sense of urgency” by government in closing a programme with the International Monetary Fund (IMF).

According to the Economic Research wing of the Bank, the issue came up during their recent visit to Ghana to engage with authorities on status of a programme.

“One notable observation was the authorities’ perceived lack of urgency in concluding a programme talks with the IMF”, Goldman Sachs said.

The Investment Banking giant is worried that despite the depleting Balance of Payment, weak cedi and the Fiscal Financing Pressures, experienced by the country, government is not pushed to fast track the discussions.

Implications

Goldman Sachs in its report to investors warned that this might come with some serious consequences for the economy going forward if a deal is not closed soon.

It also argued that the “ delayed conclusion creates the risk of further deficit monetisation by the BoG, Cedi depreciation and a decline in FX reserves, implying that the macroeconomic outlook may deteriorate further in the near term”.

Goldman Sachs was however quick to add that the concerns namely , currency pressure and the inability to finance the deficit — may serve to increase the sense of urgency and ultimately prompt the authorities to accelerate IMF talks.

Government Ghana on IMF program

Finance Minister, Ken Ofori-Atta in a recent interview with JOYBUSINESS expressed government’s commitment to an IMF program as fast track discussions.

Again the Deputy Minister of Finance, Abena Osei Asare also revealed that Ghana is set to commence discussions with the IMF for a programme from the beginning of September.

 

 

Source: Joy Business

 

Extra News Ghana

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • AGRICULTURE
  • Dating Online
  • General
  • GOVERNMENT AND POLITICS
  • Lifestyle
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS

Recent News

Mahama: If I win the 2024 elections, I’ll revive the Tema oil refinery.

Mahama: If I win the 2024 elections, I’ll revive the Tema oil refinery.

26 April 2023
2023 Beach Soccer League: GFA supports clubs with GHC140K

2023 Beach Soccer League: GFA supports clubs with GHC140K

26 April 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Lifestyle
  • AGRICULTURE
  • GOVERNMENT AND POLITICS
  • RELIGION
  • SHOWBIZ
  • SPORTS
  • VIDEOS
  • WORLD NEWS
  • About us
  • Advertise

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.