Page 9 - Bright Simons News Today

After losing a by-election, the opposition NDC is crafting its campaign on government failure ahead of next years elections, The IMF approval of a US$3 billion bailout to support Ghanas ailing economy is being held up as a victory by the governing New Patriotic Party (NPP), but it is also an embarrassing U-turn, especially for Finance Minister Ken Ofori-Atta. A year ago, he was resisting any recourse to the fund but then lost the argument in cabinet as opposition MPs pressed for his dismissal.

Slowing inflation and a strengthening cedi after the IMF credit will help the ruling party’s election campaign, Ghanas US$3 billion bailout deal with the International Monetary Fund will not be painless, and comes with demands for a diet of structural reforms and spending cuts. Key priorities cited by the Fund include frontloaded fiscal consolidation measures to cut spending and boost revenue, energy and cocoa sector reforms, and policies to tackle inflation and increase exchange rate flexibil...

Bright Simons, Vice President at the IMANI Africa Policy think tank has reacted to the results of the Kumawu by-election, which saw the ruling New Patriotic Party NPP emerge victorious despite raising dissatisfaction with the government.

The Vice President of IMANI Center for Policy and Education, Bright Simons, has said the ruling New Patriotic Party NPP faces real pressure to hold on to its Kumawu parliamentary seat in the upcoming by-election.

Approved a $3 billion bailout programme aimed at boosting gha nas economy. the country has been battling its worst economic crisis in a generation, hit with soaring inflation, high debt, and a devaluing currency. but it was one of the continents rising economic stars — as a major global producer of commodities like gold and cocoa. so whats gone wrong? bright simons is a ghanaian entrepreneur and business analyst and joins us now. thank you for being with us. let me put that question to you fir...

Like gold and cocoa. so whats gone wrong? i got the view from bright simons — a ghanaian entrepreneur and business analyst. it all starts with how ghana became a rising star and that was sometime in 2006. it got one of the biggest debt relief packages ever, the second largest in africa. $4.5 billion of debt was wiped out, and that meant it could all of a sudden borrow from international capital markets. it also discovered oil in 2007. combining those revenues meant investment in large infrastr...

But the Director of Research at the Institute of Economic Affairs, Dr. John Kwakye, thinks others, saying, his checks with IMF Board Meeting Schedule indicate that Ghana is not on the agenda of the IMF Board for this week and even next week.

Rising rates are hurting some of its brightest economic stars | Middle East & Africa

The Parliament of Ghana is reviewing an on-lending agreement between the government of Ghana and a new Ghanaian state-owned development bank, DBG.

Ajay Banga, in his former senior executive roles at Mastercard, waged a decade-long "war on cash." Under his tenure, the company did more than just about any other to demonise the role of physical money around the world.