EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹

Forza d'animo,~Libra,~MILANista🔴⚫,~Wanderlust,~ Geo Politics,~ Defence & Security,~Miles Christi,🟡🟢,~Coldplay.

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

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[John Dramani Mahama @JDMahama]

On my way to Sawla to begin a two-day #ResettingGhana Tour of the Savanna Region. I am looking forward, after the project inspections and commencement of work on new projects, to my interaction with the chiefs, young Ghanaians and people of the region in Damongo on Saturday.

[Bloomberg @business]

Ghana wants large-scale gold mines to sell at least 30% of their annual output to the central bank to increase local refining and boost the country’s foreign-exchange reserves https://t.co/MRrKX1J0aD

[Franklin CUDJOE @lordcudjoe]

The fastest economic recovery in Ghana's history has been recorded and achieved by version 2.0 of the Mahama-led government — this, after the most regressive, self-immolating policies of waste, mismanagement, and plunder the country has ever seen.

Key achievements:

· Exit from the IMF programme with star-studded honours
· Rapid decline in inflation
· A confident cedi
· International reserves built back better
· The quickest debt reduction from 65% to 45% of GDP in just one year

Buoyed by confidence, candour, and transparency, the government's finance team — competently led by Dr. Ato Forson — carefully choreographed how to work with the IMF programme they inherited, even though it was badly bruised, broken, and moribund from excessive haemorrhage following the twin shocks of the DDEP, which amounted to the literal pickpocketing of our savings and investments by the previous administration.

Remember: the previous government renegotiated the IMF programme the NDC government handed to them. Sadly, they missed almost 70% of the structural benchmarks they had promised the IMF by the end of 2019 — when the economy was already stuttering in fits — only to later be exposed and overwhelmed by COVID-19 and, to a very minute degree, the Russian war on Ukraine.

In essence, the final apocalyptic collapse of the economy we witnessed in 2022 — with all macroeconomic indicators gasping for air — was entirely avoidable.

So what has changed this time with the exit plan from the IMF? A commitment never to return to the IMF after three and a half years — the period we have been cursed, through maladministration, to return to the Fund since independence in 1957.

The Finance Minister and his team defended a decision before Cabinet to be bound by additional strictures of the IMF for 36 months, long after the general elections in 2028. This is to remain credible to investors and the markets, and in the process mobilise enough capital to invest in critical areas of the economy to provide jobs — but crucially, to free up domestic resources for the private sector to blossom. It is a promise not to splurge and waste resources, as has usually been the case with governments that exit IMF programmes.

Essentially, the Government of Ghana announced the official conclusion of the IMF Extended Credit Facility Programme and transitioned immediately to the non-financing Policy Coordination Instrument (PCI) of the IMF.

What is the PCI? It is a non-financial advisory and monitoring tool provided by the IMF. It allows the country to design and implement its own economic reforms without receiving a financial bailout, acting essentially as a global seal of approval for the government's fiscal management.

This masterstroke in economic diplomacy could not have been achieved without the backing of the President, whose mission this time around is legacy and respect. The President reads every document handed to him, often correcting grammatical mistakes before signing the country up to the contents.

So, we can say that yes, stability has been achieved after the races with death we experienced prior to 2025. Resilience is what we aim for now as a country. We need to remain disciplined and reduce losses by State-Owned Enterprises (SOEs), which cost governments approximately $2 billion annually.

Quite a number of SOEs must be axed outright, others merged, and still others injected with independent, world-class management to return profit — because they are enterprises, not social care homes.

In the meantime, we are grateful for the dexterity of the economic management team, the Governor of the Bank of Ghana, the encouraging progress of GoldBod, and all other functionaries of government who will abide by the honour code of spending within budgets to make Ghana's self-imposed IMF PCI possible.

[Felix Kwakye Ofosu @FelixKwakyeOfo1]

Government of Ghana announces official conclusion of IMF Extended Credit Facility and Transitions to Non-Financing Policy Coordination Instrument(PCI).

[Joyce Bawah Mogtari @joyce_bawah]

Trending News: Ghana has officially exited the IMF bailout programme after successfully concluding the negotiations on the Extended Credit Facility (ECF) agreement with the IMF.

For me personally, this is a testament to the leadership of President John Dramani Mahama. The discipline and integrity of the approach to economic governance have been phenomenal. Regular meetings with the IMF and the leaders of the implementing authorities of Ghana’s economic policy have paid good dividends.

Let me commend, my brothers, the Finance Minister @AtoCassielForson, the Governor of the Central Bank, and the good people of Ghana for the confidence you have all reposed in the leadership of @JDMahama and all the other experts working assiduously on stabilising the economy.
For me a stable economy and a consistent currency are two of the most valuable qualities of a healthy economy and so far Ghana is doing well.

Kudos to government.
#Ghana

[Bloomberg @business]

Ghana’s benchmark stock market has risen 63.4% in local-currency terms, making it the world’s best performing after South Korea https://t.co/1Q6l1nXd6H

[Bloomberg @business]

Ghana is taking steps to buy Lukoil’s stake in an offshore oil block to gain greater control over future output in the country https://t.co/ats3LRvMOg

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@MilanPosts Q

Q

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@konkrumah Fraud.

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@ALEX_SMARTT Not the same.

[Joy 99.7 FM @Joy997FM]

BoG losses justified for stabilising economy — Joe Jackson

#JoyNews #Viral #Explorepage #Ghana #JoyFM #GhanaNews #Ghana #NewsUpdate #Africa #GhPolitics #News #AfricaNews #CurrentAffairs #Vlog #JoyPrime #MyJoyOnline

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@_phaarouq MILANO for lyf.

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@Ll3tte Terry must be yanked off that seat and thrown out

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@NicoSchira Ok

[Chris Atadika @chrisatadika]

Have you noticed how this Dumsor situation has been quickly de-escalated? You notice how govt comms on it was clear, outlining the cause and a solution plan? This NDC govt has really learnt a lot of lessons from the previous NPP regime, not to repeat their mistakes. Kudos to all!

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@earthcurated Sharp🇮🇹

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

Herr JDM🔥🔥

[Metro TV Ghana @metrotvgh]

A sharp decline in cement prices has emerged as a key driver behind the easing of construction cost pressures in Ghana, according to the latest data from the Ghana Statistical Service (GSS).

Click here for more stories👇
https://t.co/16U08GbiVZ

#MetroNews #metrotvonline

[EEnyo Rossonero🔴⚫🇬🇭🇺🇲🇮🇹 @CTorddey]

@naturebeauty760 Milano💫💫

[LAW 🅴 @_lawslaw]

It’s not like they don’t know oo. Ebe fooling dey be dem. “Make I off your light den fix long term solution give you” politics nti, dem dey tag am as dumsor. Gyimie nkoaaa.