• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Monday, 12 May, 2025
  • Login
Top Radio 103.1 FM
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
Top Radio 103.1 FM
No Result
View All Result
Home News

Running to IMF for bailout was a painful decision – Nana Addo

Philip Akonor by Philip Akonor
May 28, 2023
in News
A A
0
Running to IMF for bailout was a painful decision – Nana Addo
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

President Nana Addo Dankwa Akufo-Addo has once again justified his decision to run to the International Monetary Fund (IMF) for a bailout saying it was a painful but necessary decision.

In a speech to the nation on Sunday, May 28, 2023, President Akufo-Addo said that the decision was made after careful consideration of all options.

He said that the IMF deal was necessary to help Ghana’s economy recover from the impact of the COVID-19 pandemic and the war in Ukraine.

“It was a painful decision for me to take, because going to the IMF was not part of the economic transformation agenda I had been pursuing, especially as my government had gone the extra mile to bring to a successful end the IMF programme we inherited from the previous government,” Akufo-Addo said.

The IMF deal is expected to provide Ghana with $3 billion in financial assistance within 36 months.

The deal will also require Ghana to implement a number of economic reforms, such as reducing government spending and other fiscal measures.

Akufo-Addo said that the government is committed to implementing the reforms required by the IMF deal.

IMF deal won’t bring immediate end to Ghana’s economic woes

Despite the hope in the IMF agreement, President Akufo-Addo said the programme will not spell the immediate end of the difficulties that Ghana is facing

“Access to the IMF facility will not spell the immediate end of the difficulties we are in presently. But the fact that we’ve been able to negotiate such a deal sends a positive message to our creditors and investors,” Akufo-Addo said during his address on May 28, 2023.

Related Posts

Ex US President Jimmy Carter Passes On

Ex US President Jimmy Carter Passes On

December 30, 2024
44
VIP Bus – Four Confirmed Dead

VIP Bus – Four Confirmed Dead

December 28, 2024
49
Source: citinewsroom
Previous Post

Ghana to review Gold-for-Oil as IMF proffers stricter monetary financing limits

Next Post

Global Chamber of Business Leaders Calls For More Sensitivity With Women’s Health Issues At Workplace

Related Posts

Ex US President Jimmy Carter Passes On
Foreign

Ex US President Jimmy Carter Passes On

December 30, 2024
44
VIP Bus – Four Confirmed Dead
News

VIP Bus – Four Confirmed Dead

December 28, 2024
49
BoxingDay on the streets of Accra by Top Media Group
News

BoxingDay on the streets of Accra by Top Media Group

December 28, 2024
45
Toyota global production down for 10th month despite rising sales
News

Toyota global production down for 10th month despite rising sales

December 26, 2024 - Updated on December 28, 2024
41
Akufo-Addo leads team to present brand-new car to GHS outstanding health officer for 2024
News

Akufo-Addo leads team to present brand-new car to GHS outstanding health officer for 2024

November 22, 2024
46
Women are facing significant barriers to gender equality in Africa
News

Women are facing significant barriers to gender equality in Africa

November 18, 2024
50
Next Post
Global Chamber of Business Leaders Calls For More Sensitivity With Women’s Health Issues At Workplace

Global Chamber of Business Leaders Calls For More Sensitivity With Women's Health Issues At Workplace

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

2022 Budget AFCON Afghanistan akufo addo Amazon Apiate explosion apple AT&T Ato Forson Black Stars covid COVID-19 COVID 19 E-Levy facebook GFA Ghana Police Service Google Government GRA health Intel iphone LGBTQ Mahama Majority Microsoft Minority momo NDC NPP Nvidia OMICRON Parliament police Russia security Taliban tech Tesla US UTAG vaccine vaccines Xinjiang

Recent Posts

  • Ex US President Jimmy Carter Passes On
  • VIP Bus – Four Confirmed Dead
  • BoxingDay on the streets of Accra by Top Media Group
  • Toyota global production down for 10th month despite rising sales
  • Akufo-Addo leads team to present brand-new car to GHS outstanding health officer for 2024

Recent Comments

No comments to show.

RECENT NEWS

  • Ex US President Jimmy Carter Passes On December 30, 2024
  • VIP Bus – Four Confirmed Dead December 28, 2024
  • BoxingDay on the streets of Accra by Top Media Group December 28, 2024
  • Toyota global production down for 10th month despite rising sales December 26, 2024

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

Government approves GH¢4m to clear Korle-Bu renal unit’s debt
Health

Government approves GH¢4m to clear Korle-Bu renal unit’s debt

2 years ago
19
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2025 Top Media Group - Powered by BackUP Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2025 Top Media Group - Powered by BackUP Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In