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  • : African Reality
  • African Reality
  • : Socio-political blog that focuses on African Leadership development, youth empowerment, spirituality,the environment, personal development including education.
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  • Joseph Foray jnr.
  •  An African with a passion for rebuilding African leadership. A Christian, An entrepreneur,blogger,researcher. A graduate of Ashesi University,Ghana. and vice president, Strategic Planning of  the 42nd Generation. (an African youth organization)
  • An African with a passion for rebuilding African leadership. A Christian, An entrepreneur,blogger,researcher. A graduate of Ashesi University,Ghana. and vice president, Strategic Planning of the 42nd Generation. (an African youth organization)

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April 25 2015 7 25 /04 /April /2015 00:09

The International Monetary Fund approved Ghana’s request for a bailout programme to help stabilize the country’s economy in the first week of April.

 Ghana is expected to get 918 million dollars spread over three years following the board's approval. 

Ghana has received the first tranche of $114 million which the Finance Minister said would be used to shore up the country’s declining reserves.

The latest statement by the IMF Executive Director for Ghana says the second tranche of 144 million dollars would be available in July this year.

The report also made mentioning of an impending rationalization in 2017."

It will be underpinned by strengthened fiscal consolidation efforts that hinge on prudent public expenditure management, enhanced domestic revenue mobilization, public sector reforms, with particular emphasis on staff rationalization in the public service and better controlling the wage bill.

http://myjoyonline.com/docs/20625imf%20report%20on%20ghana%20bailout.pdf

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Published by Joseph Foray jnr. - in Economics
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ohene 05/06/2015 19:01

Check

ohene 05/06/2015 19:01

Check