Tame inflation, GHS 60billion loss not excuse to shirk policy mandates – IMF tells BoG

The International Monetary Fund (IMF) has cautioned the Bank of Ghana against not fulfilling its policy mandate in the face of the loss it posted for the financial year ending 2022. According to the IMF, the Central Bank must despite the impairment ensure that inflation returns to the target of 8 percent. “The loss the […]
ICAG Post 2023 Mid-Year Budget: Accountants urged to uphold PFM Law to help reduce government debt

The Chief Director at the Ministry of Finance, Eva Mends, is urging all accountants in the public sector to uphold the Public Financial Management Law to help reduce government debt. According to her, sanctions enshrined in the PFM Act should be meted to those who breached the law. As part of fiscal measures to reduce […]
BoG’s current financial position will not affect monetary policy operations – IMF

The International Monetary Fund (IMF) jumped to the Bank of Ghana (BoG)’s defence insisting the regulator’s current financial position will not affect monetary policy operations. IMF has maintained that the Bank of Ghana’s current financial position will not affect monetary policy operations and mandate. This was captured in an update issued by the IMF on […]
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