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Ghana-IMF $3bn deal to be finalised before end of year

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Ghana-IMF $3bn deal to be finalised before end of year

According to Kristalina Georgieva, the Managing Director of the International Monetary Fund, an agreement between Ghana and the IMF should be negotiated and signed before the year is through.According to Kristalina Georgieva, the Managing Director of the International Monetary Fund, an agreement between Ghana and the IMF should be negotiated and signed before the year is through.

The IMF chief assured President Akufo-Addo in a private discussion on Monday, September 5, 2022, outside the Africa Adaptation Summit in Rotterdam, Netherlands, “we recognize the urgency, and we will move as swiftly as possible.”The IMF chief assured President Akufo-Addo in a private discussion on Monday, September 5, 2022, outside the Africa Adaptation Summit in Rotterdam, Netherlands, “we recognize the urgency, and we will move as swiftly as possible.”

She referred to Ghana as a “superb country” and reaffirmed the Fund’s commitment to working with the government and the ministry of finance to secure a deal before the year’s end.

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The paper that will be provided by the Ghanaian side is “ready for the examination of the IMF,” according to President Akufo-Addo, who also told the IMF director that the Cabinet and the Ministry of Finance had put a lot of work into it.

However, Kristalina Georgieva has underlined that external shocks rather than domestic factors are to blame for Ghana’s current economic difficulties.

Speaking outside of the Fund’s meetings with the Ghanaian team, Kristalina Georgieva said that, in contrast to the opposition narrative that Ghana’s problems are the result of the Akufo-Addo administration’s poor policies, the IMF chief said that the causes are exogenous.Speaking outside of the Fund’s meetings with the Ghanaian team, Kristalina Georgieva said that, in contrast to the opposition narrative that Ghana’s problems are the result of the Akufo-Addo administration’s poor policies, the IMF chief said that the causes are exogenous.

We have started very constructive discussions already and to the people of Ghana, like everybody on this planet, you have been hurt by exogenous shocks,” she said.

She discussed the unrelated variables that have exacerbated Ghana’s economic problems and caused the West African nation to request an IMF program.

“The epidemic came first, then Russia’s conflict in Ukraine. We must understand that this mix of shocks, rather than poor national policy, is to blame, and we must support Ghana as a result, she said.

 

She added that because Ghana is a member of the IMF and is “a powerful country with great people,” the Fund is obligated to provide aid to the nation.

 

Additionally, Madam Kristalina Georgieva said, “We must help Ghana since its strength strengthens its neighbors’ and strengthens the entire world.”

To help the country get through the harsh economic dilemma it is in as a result of the negative impacts of the fatal coronavirus outbreak and the ongoing conflict between Russia and Ukraine, Ghana is asking the IMF for US$3 billion.

In some instances, President Akufo-Addo has said, “We have decided to seek the collaboration of the International Monetary Fund (IMF) to repair, in the short term, our public finances, which have suffered significantly as a result, while we continue to work on the medium- to long-term structural changes that are at the core of our goal of creating a Ghana Beyond Aid, that is building a resilient, robust Ghanaian economy.”

 

Source: Jubilee House Communications Directorate

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GENERAL NEWS

Ghanaian Business Mogul Allegedly M*rdered In South Africa

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Intel from a reliable source stated that a 48 year old Ghanaian businessman, Newton Kwaku Boateng, who is based in South Africa has been allegedly poisoned to death by his South African wife in SA a week ago.

Mr. Newton who recently had scuffles with his wife had reported her to his family in Ghana, and even threatened divorce. Suspecting foul play, Boateng’s family have expressed their displeasure and despair at the death of their relative. They believe without doubt that indeed, their relative was poisoned by his wife.

Mr. Godwin Attipoe who spoke on behalf of Newton’s Family in Ghana said “We are so devastated. We are so angry. We are so heartbroken.”

He hinted that after the death of the beloved brother, a case of inquest was opened in Kempton Park, South African Police Service in Gauteng Province, South Africa, adding that “Kempton Park is a City which is based in Gauteng Province”.


Godwin Attipoe claimed they suspect corruption and cover up of the murder of Newton Kwaku Boateng by Kempton Park police station which he claimed is working closely with the wife of the deceased Alinah Mahlangu. Why? Their inquest for an autopsy be done on the victim is being denied by the police service in SA.

An emotional Godwin had to pause speaking as he started weeping, triggering cries among his other family members who were with him.
He further revealed that South African police say they are investigating and awaiting autopsy results after the body with foam in his mouth was found.

He however said “We are giving the South Africa police the authority and power of attorney to order an autopsy on Newton Boateng who died on March 2, 2023”.

He appealed to the Ghana Embassy in South Africa to assist the family to supervise the autopsy on the deceased, which his wife is resisting, adding that the wife of the deceased has not been authorized to represent the family on the issue.

More developing on the issue. Watch this space.

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ENTERTAINMENT

Abena Odo Donates Items To The ‘Reconstructive Plastic Surgery And Burns Centre’ Unit Of Korle Bu Teaching Hospital

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Social media influencer and philanthropist, Abena Odo through her non profit organization “Abena Odo Foundation” has donated items to the ‘Reconstructive Plastic Surgery & Burns Centre’ unit of the Korle Bu Teaching Hospital in Accra, ahead of the yuletide holidays. It was the influencer’s wish to celebrate the Christmas with the sick and and afflicted.

 

The items presented were packs of toiletries, dispensaries, drinks, water, food and some undisclosed amount of money. The team was warmly welcomed by management or the unit and thanked them for such benevolence done themselves. The food/drinks were shared on the spot to the sick and hurt.

 

Abena Odo in an interview with KTV at the premises explained that she set up her “Abena Odo Foundation” to aid people (expecially young ones) who are devastatingly burnt by fire or heat and who cannot afford to foot their bills. Also, her foundation assists alland pays bills for nursing mothers who are left to sleep on the bare floor after delivery because they cannot afford to pay for their bills. She further asserted that her passion towards this quest was activated when sometime back she visited a friend of hers in a hospital and found a nursing mother on the floor with a fresh set of twins. She said it literally broke her heart, hence she set up the foundation.

 

After barely two years in existence, “Abena Odo Foundation” has supported and paid bills and of burned patients and freshly delivered mothers who find it difficult to pay their bills. The ‘Reconstructive Plastic Surgery & Burns Centre’ unit of the Korle Bu Teaching Hospital in Accra, confirmed that it was Abena’s second time coming to donate items to them.

Abena Odo at the end, solicited for more hands to be on deck to help these victims because she could not do it all alone.

Watch snippets of the donation from below.

Contact Abena Odo Foundation by this Mobile money for further enquiries and sponsorship – 0593324910.

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