search-icon

IMF: ‘Ghana’s Current Economic Challenges Are Not Locally Generated’

blank

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has stated that Ghana’s current economic challenges are the result of external shocks, not domestic policy.  Speaking at the Africa Adaptation Summit in the Netherlands earlier this month, Georgieva said the following: “To the people of Ghana, like everybody on this planet, you have been … Read more

Government To Maintain Freeze On Employment Through 2017 To Meet IMF Bailout Targets

blank

Seth Terkper
Seth Terkper

The government has no intention of lifting the freeze on public sector employment anytime soon, with the IMF bailout still in full swing and government far short of meeting its set targets.
A letter jointly signed by the Finance Minister, Seth Terkper, and the Bank of Ghana Governor and addressed to the body notes that the freeze would be kept intact throughout next year, as well as a cutback on existing employees within the sector.

Read more