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+--- Thread: IMF says ready to help Ghana address its economic challenges (/thread-19622.html)
IMF says ready to help Ghana address its economic challenges - chairman - 08-10-2014
ACCRA, Aug 9 (Reuters) - The International Monetary Fund (IMF) will help Ghana address its current economic challenges, following a formal request by the West African country to open talks for a support program, a director of the fund said late on Friday.
Ghanaian President John Mahama last week ordered his government to open talks with the IMF as part of efforts to fix the economy and stabilise the cedi currency which has slumped around 40 percent this year.
Deputy Managing Director Min Zhu said an IMF team would be in Ghana early next month to open talks.
"Today, IMF Management received a formal request from the Ghanaian authorities to initiate discussions on an economic program that could be supported by the IMF. The Fund stands ready to help Ghana address the current economic challenges it is facing," he said in a statement.
Ghana, which became the first sub-Saharan African country outside South Africa to tap the Eurobond market in 2007, is struggling to tame large budget and current account deficits, turning investor sentiment against the onetime frontier market darling.
With Ghana looking to issue a new $1.5 billion Eurobond toward the end of this month, some bond market participants said the backing of an IMF programme would be necessary to reassure investors over the stability of the currency.
Foreign Minister Hannah Tetteh told Reuters on Friday the government was seeking talks with the Fund to win endorsement for its own fiscal reforms program rather than because it needs a bailout.
Re: IMF says ready to help Ghana address its economic challenges - mapoui - 08-10-2014
the IMF coming!!!!!!!!!!!!!!!
[size=18pt]RUN GHANA...RUN FUH YUH LIFE![/size]
:o :o :o :o :o
:o :o :o :o
:o :o :o
:o :o
:o
Re: IMF says ready to help Ghana address its economic challenges - Captain - 08-10-2014
Now deh ca pay guyana fun de wood
Re: IMF says ready to help Ghana address its economic challenges - ketchim - 08-10-2014
Most of the Trees , Coconuts , Breadfruit and ground provisions in Guyana :
came on the Slave ships with the Ashanti tribe from Ghana !
Ghana inna sense OWNS that WOOD ! 8)
Re: IMF says ready to help Ghana address its economic challenges - ketchim - 08-10-2014
Ghana and Guyana should establish TWIN cities :
Accra and Linden ;D
Re: IMF says ready to help Ghana address its economic challenges - mapoui - 08-10-2014
[quote author=ketchim link=topic=91819.msg580265#msg580265 date=1407680543]
Most of the Trees , Coconuts , Breadfruit and ground provisions in Guyana :
came on the Slave ships with the Ashanti tribe from Ghana !
Ghana inna sense OWNS that WOOD ! 8)
[/quote]
mus' be allyuh wood. not my wood!
Re: IMF says ready to help Ghana address its economic challenges - mapoui - 08-10-2014
[quote author=ketchim link=topic=91819.msg580285#msg580285 date=1407682581]
Ghana and Guyana should establish TWIN cities :
Accra and Linden ;D
[/quote]
dat wud be nice! free travel..no visa ::LOL:: ::LOL::
Re: IMF says ready to help Ghana address its economic challenges - mapoui - 08-10-2014
[quote author=The Captain link=topic=91819.msg580250#msg580250 date=1407679151]
Now deh ca pay guyana fun de wood
[/quote]
wat language is dat ::confused::
ketchim you know...... ::confused::