Finance Minister Ken Ofori-Atta who presented the budget to Parliament on 15 November insisted that the government's fiscal consolidation is on track that it has 'turned the corner' on inflation and the currency and that the quantitative targets set by the $3bn International Monetary Fund (IMF) Extended Credit Facility (ECF) have all been met...
Despite Finance Minister Ken Ofori-Atta's October claims that 'agreement-in-principle' with Ghana's external bondholders could be reached by year-end definitive agreement with these bondholders is not expected until well into 2024...
Amidu accused the government of violating procurement laws and singled out Finance Minister Ken Ofori-Atta for conflicts of interest in the affair (AC Vol 61 No 23 Anti-corruption boss 'no poodle')...
The IMF approval of a US$3 billion bailout to support Ghana's ailing economy is being held up as a victory by the governing New Patriotic Party (NPP) but it is also an embarrassing U-turn especially for Finance Minister Ken Ofori-Atta...
Should Ghana also receive the over $500m in 2023 World Bank budget and balance-of-payments support (with a further billion or so by 2026) that the ECF programme assumes along with concessional and commercial financing from other sources triggered by the IMF's seal of approval embattled Finance Minister Ken Ofori-Atta can welcome a significant reduction to Ghana's short and medium-term financing gap at a time Accra remains unable to access international bond markets...
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Last November before announcing the controversial domestic debt exchange offer Finance Minister Ken Ofori-Atta's national budget targeted real GDP growth of 2...
Getting Ghana's programme to the IMF board is the top priority for President Akufo-Addo and Finance Minister Ken Ofori-Atta...
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'Great progress and on all fronts' was finance minister Ken Ofori-Atta's verdict following two days of meetings with Chinese counterparts in Beijing with the finance ministry briefing reporters that it expected to secure financing assurances from the Chinese government 'very soon'...
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Key to the government's strategy are efforts by finance minster Ken Ofori-Atta to restructure most of the country's 576 billion cedis (US$45bn) public debt (AC Vol 63 No 22 Economic woes hit Akufo-Addo on all sides)...
Ghana's Finance Minister Ken Ofori-Atta has promised to cut public debt from over 100% of gross domestic product to 55% within three years and cut the proportion of revenue spent on debt service from over 60% to 30% in the same period...
Finance minister Ken Ofori-Atta who is opposed by rebels in his own party wants to speed up the IMF's $3 billion bailout but he is struggling to convince foreign and local creditors to accept the government's restructuring offer (AC Vol 64 No 1 Ructions over debt deal hold up IMF bailout)...