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      IMF endorses ECG privatisation

      IMF endorses ECG privatisation

      Man sentenced to 15 years for cocaine possession, it was powdered milk

      Four arrested, granted bail in connection with 3.3 tonnes cocaine bust

      Dr Bawumia to launch ‘Ghana Card at Birth’ on March 14

      Dr. Bawumia condemns Ablekuma North violence, urges presidential action

      Ablekuma North rerun: Journalist injured following policeman’s slap

      Ablekuma North rerun: Journalist injured following policeman’s slap

      Three teenagers jailed 10 years each for armed robbery in Buobai

      Three teenagers jailed 10 years each for armed robbery in Buobai

      KNUST police arrest 2 persons for assaulting SRC executives

      KNUST student jailed 10 years for robbing hairdresser

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      I spent $500,000 on Ibrahim Traoré movie –Lil Win

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      Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

      Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

      Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

      Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

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      KATH doctor dies over lack of laboratory for treating ‘heart attack’

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      15,290 new HIV infections recorded in 2024- Ghana AIDS Commission

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        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

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      NDC once lied to IMF and Ghana was fined US$36 million – Kufuor

      Allow EC To Work – Kufuor Tells ‘NDC
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      Former President John Agyekum Kufuor has said the National Democratic Congress (NDC) administration under former President Jerry John Rawlings once lied to the International Monetary Fund (IMF), leading to Ghana being fined US$36 million.

      He said this was part of the monumental economic challenges that the NDC administration left for him to come and deal with after the 2000 elections.

      Speaking in an interview with Kwaku Sakyi-Addo on Asaase Radio on Sunday, September 6, Mr Kufuor described the situation as “an abyss and a difficult situation”.

      “From Day One into office when we discovered that our economy was overladen with indebtedness, immediately we saw that we have been hit, we couldn’t even get crude oil to get for TOR to refine for petrol stations and all. How would we last?

      “In fact, one of the opponents had even said they were waiting to see if the government will last for three months. It was like we were forced into some trap, and looking ahead we saw an abyss that unless we did some very fast work we may have problems.

      “We tried talking our way around within the donor partners to see if they would trust that we had come in with a different outlook and ideology and philosophy and that we would do things differently from the outgone administration but they wouldn’t listen to us.

      “The multilaterals, the IMF, they told us the previous regime had misreported to them about the state of the economy and Ghana was fined $36 million. They said unless we settled that fine they won’t trade with us.

      “Our sister nation Nigeria wouldn’t continue to give us crude oil. Why?Because the previous regime hadn’t paid for the supplies and there were long queues at filling stations. The cedi was weak..

      “This was why after trying very hard to find a solution, we went to HIPC initiative. That was the alternative so we had to go to the IMF and say we were sorry about Ghana’s economy

      “This was debasing but it was the bullet we had to bite, a very difficult [one].”

      source: 3 News

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