hipc countries 2020 ghana

This comes after reports on social media suggested Ghana … List of Heavily Indebted Poor Countries. Ghana can’t reapply for debt relief under HIPC – World Bank. According to the Ofoase/Ayirebi constituency Member of Parliament, publications making rounds on the internet that Ghana has returned to HIPC are false and should be considered as fake. Minister of Information, Kojo Oppong Nkrumah has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). The Minister of Information, Kojo Oppong Nkrumah, has refuted media reports suggesting that Ghana has been listed as a Highly Ghana completed the HIPC process in 2004 and according to the regulations laid out by the International Monetary Fund, (IMF), there is no way the country can reapply to the initiative. To date, debt reduction packages under the HIPC Initiative have been approved for 36 countries, 30 of them in Africa, providing $76 billion in debt-service relief over time. The Resident Representative of the IMF to Ghana, Dr Albert Touna-Mama in a discussion with a close source recounted that Ghana exited the HIPC program 16 years ago and can not be re-admitted now. The Executive Boards of IDA and the IMF discussed the preliminary HIPC document for Ghana (IDA/R2001 -0111 of 6/12/01, and IMF/EBS/01/89 of 6/14/01) on July 3, 2001 and June 27, 2001, respectively. The Minister of Information, Kojo Oppong Nkrumah, has refuted media reports suggesting that Ghana has been listed as a Highly Indebted Poor Country (HIPC) due to its declining economic situation. The International Monetary Fund (IMF) has said Ghana has not been reinstated into the Highly Indebted Poor Countries (HIPC) Initiative. As you may recall, Ghana successfully reached the Completion Point in July 2004. 27 October 2020 12:26pm . The International Monetary Fund (IMF) has said Ghana has not been reinstated into the Highly Indebted Poor Countries (HIPC) Initiative. Information Minister, Kojo Oppong Nkrumah has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). The World Bank’s most recent update, which was in August 2019 again included Ghana among the list of heavily indebted poor countries and as recent as the IMF’s March 25, 2020 fact sheet, Ghana was still a part of the HIPC initiative. GNI per capita, Atlas method (current US$) Details. Speaking at the Nation Building Updates on … The findings are based on two joint missions of IDA and IMF in March and May 2001. The response by the […] CO2 emissions (metric tons per capita) Details. Dr. Albert Touna-Mama, Resident Representative of the ING to Ghana, Prof. Bokpin and Prof. John GatsiGhanaians, have been left confused by the Akufo-Addo … under the enhanced Initiative for Heavily Indebted Poor Countries. Read Also: World Bank warns Ghana to curb its fiscal deficit Our beloved country Ghana has been listed among the newly released countries who are heavily indebted.This list was released by the world bank Group. Poverty headcount ratio at national poverty lines (% of population) Details. The preliminary results show that Ghana could qualify for debt relief under both the NPV of According to him, government did not apply to the International Monetary Fund (IMF) or the World Bank to be listed onto HIPC programme and urged the public to disregard such false reports. The International Monetary Fund (IMF) has explained that Ghana has not been re-admitted into the Highly Indebted Poor Countries (HIPC) Initiative which it exited about 16 years ago. Eben Appiah. The International Monetary Fund (IMF) has refuted claims that Ghana has again been added to the list of Heavily Indebted Poor Countries (HIPC). “The HIPC Initiative is essentially closed for countries that have already reached the Completion Point. Information Minister, Kojo Oppong Nkrumah has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). after benefitting from it once. During the discussion of the preliminary HIPC document, The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank. School enrollment, primary (% gross) Details. The HIPC Initiative was launched in 1996 by the IMF and World Bank, to provide debt relief for cash-strapped countries The Minister of Information, Kojo Oppong Nkrumah, has refuted media reports suggesting that Ghana has been listed as a Highly Indebted Poor Country (HIPC) due … The NPP has come out to rubbish the claims and said this is pure falsehood coming from the John Mahama and the NDC and have asked the public to disregard this. Mahama speaking at the La Palm Royal Beach Hotel on Monday, October 26, 2020, said Ghana is back to being a Highly Indebted Poor Country (HIPC) under President Akufo-Addo. According to an e-mail responds sent to JoyBusiness, based on some questions sent to the Fund in Washington DC, it said any interpretation to that effect “may be deceptive.” Speaking at the Nation Building Updates on … Minister of Information, Kojo Oppong Nkrumah has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Ghana not back to HIPC – Oppong Nkrumah - myinfo.com.gh Monday, May 3, 2021 The government has rejected claims that the country has been declared as a Highly Indebted Poor Country (HIPC). Some debt relief has already been provided to the most impoverished countries through the IMF and World Bank’s current debt relief program, the Heavily Indebted Poor Country Initiative (HIPC). Together with the authorities, the missions conducted the debt sustainability analysis (DSA). Ghana’s Information Minister, Kojo Oppong Nkrumah has called on the general public to disregard claims that Ghana has been listed among the Highly Indebted Poor Countries (HIPC). The International Monetary Fund (IMF) has explained that Ghana has not been re-admitted into the Highly Indebted Poor Countries (HIPC) Initiative which it exited about 16 years ago. The joint IMF–World Bank comprehensive approach to debt reduction is designed to ensure that no poor country faces a debt burden it cannot manage. “That is a fact”, he added. There have been some media reports this week suggesting Ghana has been declared a HIP… IMF refutes 'deceptive' HIPC reports about Ghana. The list of countries that have qualified to the HIPC Initiative since inception in 1996 is regularly updated on our website and must not be interpreted as a new “HIPC list”. October 29, 2020 General News 1 Comment. Life expectancy at birth, total (years) Details. Population, total. Minister of Information, Kojo Oppong Nkrumah, has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). Data for Heavily indebted poor countries (HIPC), Ghana GDP (current US$) Details. Ghana Not Declared As HIPC – IMF Country Representative 30-10-2020. It was designed to ensure the reduction in the debt levels of poor and indebted countries. HIPC is not an outright debt cancellation initiative. Facebook Twitter WhatsApp LinkedIn. Categorically we say to you it is not true that Ghana has been declared HIPC or has been added to the list of HIPC countries,” he added. October 28, 2020 by Stephen. October 27, 2020. Speaking at the Nation Building Updates on Tuesday in Accra, … The HIPC Initiative was launched by the World Bank and the IMF in 1996 as the first comprehensive effort to eliminate unsustainable debt in the world's poorest, most heavily indebted countries. HIPC was a programme designed for some 39 developing countries with high levels of poverty and debt overhang, including Ghana, to benefit from financial assistance from the World Bank, the International Monetary Fund, and other multilateral, bilateral and commercial creditors, between 1996 and 2001. The International Monetary Fund (IMF) has explained that Ghana has not been re-admitted into the Highly Indebted Poor Countries (HIPC) Initiative which … assistance under the enhanced Initiative for Heavily Indebted Poor Countries. Ghana’s listing on the World Bank's website as a Heavily Indebted Poor Country (HIPC) dates back to 2002 and has remained so to date. Categorically, we say to you it is not true that Ghana has been declared HIPC or has been added to the list of HIPC countries,” he added. The International Monetary Fund (IMF) also refuted claims that Ghana has again been added to the list of Heavily Indebted Poor Countries. According to him, the numerous publications making rounds on social media purporting that the country has returned to HIPC are false and fake news. Government Speaks. “The HIPC Initiative is essentially closed for countries that have already reached the Completion Point. World Bank has ranked Ghana as one of the Heavily Indebted Poor Countries (HIPC) in their new global HIPC rankings. October 27, 2020. Asked by Bobie Ansah when he appeared on the show on Wednesday, 28 October 2020 as to whether or not Ghana was now a HIPC country, Mr Terkper said: “We have not been declared HIPC because the HIPC programme is virtually wounded up, so, yes, you can say that we’ve not been declared HIPC”. Consequently, the IMF has stated that a recent update of Ghana’s debt-to-GDP ratio has not triggered any decision or action by the IMF. He further stated that the recent publications that Ghana had been added to a list of HIPC countries was false, flawed and misleading. It is a program designed to lower debts to a “sustainable” level. Information Minister, Kojo Oppong Nkrumah, has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). According to him, the numerous publications making rounds on social media purporting that the country has returned to HIPC is false and fake news. Details. READ ALSO: Mahama and his NDC cohorts spreading HIPC … Share this with more people! This comes after reports on social media suggested Ghana had been re-admitted into the programme that it departed 16 years ago in 2004. Considering this new Wold Bank HIPC ranking, Ghana is now one of the developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank. According to him, the numerous publications making rounds on social media purporting that the country has returned to HIPC is false and fake news. 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