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Strictly adhere to bailout programme – IMF advises Ghana
The International Monetary Fund (IMF) is urging Ghana not to deviate from the course of its fund programme to ensure that the country reaps the full benefits of the ongoing bailout package.
The Fund requires effective implementation of structural reforms following the release of the $600 million second tranche and at a time when the government is said to be considering engagements with the IMF for a consensus on the anticipated revenue shortfall over the planned suspension of the VAT on electricity.
But the IMF insists that Ghana adheres to the agreed-upon austerity measures in order to manage its way out of the economic crisis.
“What I can say is that going forward, it would be really, really important that Ghana continues to implement the program that they have developed as envisaged. That is really critical. These programs are designed to be implemented over three, four years. And it is important that Ghana sticks to the course and sees the program being implemented over the next three years,” says Abebe Selassie, Director of the African Department at the IMF, who has been speaking about Ghana’s program in Washington, DC.
In late January, the Bank of Ghana acknowledged receipt of US$600 million as the second tranche for budget support and stabilization of the local currency, bringing the total to US$ 1.2 billion out of the $3 billion approved under the three-year extended credit facility in May 2022.
The IMF has stated that Ghana is performing well under the program, with reforms bearing fruit and signs of economic stabilization emerging.
“Ghana’s program is being implemented effectively. We just went to the board recently with the first program review following, of course, the policies that the government has been putting in place to address the huge imbalances Ghana was facing through last year. And of course, the official creditors are signaling that they will provide debt relief, consistent with what Ghana needs. So, we just went to the Board a couple of weeks ago. We look forward to continuing to support Ghana, consistent with program implementation,” Abebe Selassie added.
Ghana’s next IMF program review is scheduled for June 2024 for the third tranche of approximately US$ 360 million.
Source: Citinewsroom.com
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Seek healthcare at facilities where nursing services are available – Ministry of Health
As a result of the ongoing strike action by the Ghana Registered Nurses and
Midwives Association (GRNMA), it has become imperative for the Ministry of
Health to implement additional measures to mitigate any inconvenience that has been caused.
According to the Ministry, in a statement, it has through all appropriate channels, led negotiations to ensure the smooth approval and implementation of the
new Conditions of Service.
Against this backdrop, the statement added that in line with the Ministry’s policy to ensure healthy population for national development, it has become necessary to make provisions to fill the gaps created as a result of the strike.
Consequently, the Ministry has urged the general public to continue seeking healthcare services at various health facilities, including those where nursing services remain available, to ensure their health needs are met.
They Ministry also attached a link of health facilities across the country in the statement.
By Edem Mensah-Tsotorme
Check the statement below
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MTN, Telecel & AT to increase value of data bundles effective Tuesday, July 1, 2025
The Minister for Communication and Digital Innovation, Sam George, has announced an increase in the value of data bundles by all telecommunication networks in the country.
Speaking at a Meet The Press held today, he said the new directive will take effect from July 1, 2025.
According to him, the implementation date of July 1, is to allow the telcos to recalibrate and reconfigure their systems to reflect the agreed-upon value increases.
He said The new directive will ensure that “AirtelTigo Ghana (AT Ghana): A 10% increase in all data bundles currently offered by the network, additionally, the GH₵400 bundle, which currently offers 195GB, will now offer 236GB.”
Touching on Telecel Ghana, he said, “A 10% increase in data bundles currently offered by the network, their GH₵400 bundle, which currently offers 90GB, will offer 250GB, effective from July 1.”
On MTN Ghana, the minister said, there would be “a 15% increase in all data bundles currently offered by the network and I am pleased to announce the restoration of GH₵399 bundle, which currently has been changed to GH₵350 that offers 92.88GB, will hence be reinstated to 214GB for GH₵399.”
Sam George has also urged the operators to invest in the quality of their network to ensure customers are better served.
He charged the regulator National Communication Authority (NCA) to strictly monitor the changes.
The minister expressed appreciation to the CEOs of the various companies for close collaboration over the last four months.
By Edem Mensah-Tsotorme
