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The Convention People’s Party (CPP) has described going to the International Monetary Fund (IMF) for support as a lazy approach. In a statement, the party also said the move was a short-term measure. “Ghana has gone to the IMF for a bailout 17 times and does the Akufo-Addo and Bawumia Government believe this 18th time would create the magic wand ...

The oil and gas industry is “under siege” due to years of under-investment, OPEC Secretary-General Mohammad Barkindo said today, Tuesday, July 5, 2022, adding the resulting supply shortage could be eased if extra supplies from Iran and Venezuela were allowed to flow. Years of sanctions have limited supplies from Iran and Venezuela. In addition, the West has imposed sanctions on ...

Residents of Apremdo in the Western Region have discovered an unknown substance beneath the soil. The black sticky material is suspected to be crude oil. Following the finding on Sunday, the traditional ruler in the area, Nana Egya Kwamena XI took up the matter. According to him, the community would investigate and ascertain what exactly the substance could be. Nana ...

The Ghana Education Service (GES) has directed Heads of Senior High Schools through the Regional and District Directors to mobilise their Management teams to ensure the safety and wellbeing of all students in schools. This comes after the leadership of all the various unions in the Pre-Tertiary Education Sector embarked on a nationwide strike in response to the government’s failure ...

A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with the government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team, and the Presidency during their stay, ...

The leadership of the Ghana National Association of Teachers (GNAT) the National Association of Graduate Teachers (, NAGRAT) Coalition of Concerned Teachers (CCT), and the Teachers & Educational Workers’ Union (TEWU) have asked their members to withdraw their services beginning today, Monday, July 4, 2022. This decision was announced by the General Secretary of GNAT, Thomas Musah Tanko in Accra on Monday. The teachers earlier gave ...

Forner President John Dramani Mahama has said the government’s decision to commence talks with the International Monetary Fund (IMF) for a bailout should mark an important step in addressing the country’s economic crisis. He says beyond the engagements, “a comprehensive home-grown programme should be fashioned out and presented to the Fund for support.” In a Facebook post today, Saturday, July ...

The Minister for Finance, Ken Ofori-Atta, is programmed to present the mid-year budget review to Parliament on 13th July 2022. According to the Majority Leader, it is possible that the Minister will table a request for the approval of supplementary estimates. The presentation will come as Ghana prepares to head back to the International Monetary Fund for a bailout. Indications ...

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic support. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying the government’s decision to engage ...

The Trades Union Congress (TUC) has asked the government not to go to the International Monetary Fund (IMF) for support. Secretary-General of the TUC, Dr Yaw Baah said the IMF is not the solution to the challenges facing the country. He told TV3’s Daniel Opoku in an interview on Wednesday, June 29 that Ghana has been to the Bretton Woods institution sixteen ...