• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Sunday, August 17, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    NPP Ashanti regional Youth Organizer praises Mahama for youthful appointments and recognition of hard work

    Don’t Vote for NDC’s Lawyer Bediako, He Frustrated Ernest Kumi to His Death – NPP Chairman

    MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

    MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

    Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

    Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

    Reject all incumbent NPP executives seeking re-election-Butey to delegates

    NPP grants general amnesty to suspended members, reaffirms commitment to unity

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Justice Torkornoo files injunction against petitions seeking her removal

    Reinstate suspended CJ immediately, give her fair hearing – Commonwealth lawyers

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    NPP Ashanti regional Youth Organizer praises Mahama for youthful appointments and recognition of hard work

    Don’t Vote for NDC’s Lawyer Bediako, He Frustrated Ernest Kumi to His Death – NPP Chairman

    MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

    MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

    Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

    Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

    Reject all incumbent NPP executives seeking re-election-Butey to delegates

    NPP grants general amnesty to suspended members, reaffirms commitment to unity

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

    Justice Torkornoo files injunction against petitions seeking her removal

    Reinstate suspended CJ immediately, give her fair hearing – Commonwealth lawyers

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    Gov’t imposes daily fine on DSTV over failure to submit pricing data

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home News

Mahama to renegotiate IMF, World Bank deals

Kumasi Mail by Kumasi Mail
December 12, 2024
in News
0
John Mahama likely to win first round as Bawumia loses ground amid Nana Kwame Bediako’s surge in Ashanti and Eastern regions – new poll
Share on FacebookShare on Twitter

President-elect John Dramani Mahama has pledged to review and adjust Ghana’s existing agreements with development partners to align with the country’s current needs and aspirations.

Speaking during a courtesy call by the United Nations Resident Coordinator, Charles Abani, Mr Mahama emphasised the importance of creating partnerships that reflected the realities of today and the vision of his incoming government.

“This adjustment is crucial and will help put the new government that would be inaugurated next year on the same springboard with our development partners to begin the rebuilding of the economy and the country,” Mr Mahama stated.

Transition process guided by law

Underpinning this transition is Section 1 of the Presidential (Transition) Act, 2012 (Act 845), which mandates the formation of a Transition Team within 24 hours after the declaration of presidential election results.Graphic Election 2024 Results Portal

This legal framework ensures continuity and smooth handover between administrations, setting the stage for collaboration with development partners and other stakeholders.

Mr Mahama noted the need for swift engagements with international institutions, particularly the International Monetary Fund (IMF) and the World Bank, to realign ongoing programmes with his government’s priorities.

“Looking at the existing programmes, we need to tweak them to meet the realities of today… One of our main concerns is the issue of debt repayments. We need to see how we can smooth them so that we don’t default again, which will be more catastrophic than the current defaulting,” he remarked.

IMF and World Bank programmes

Ghana is currently under a 36-month, $3 billion Extended Credit Facility with the IMF and has also signed several agreements with the World Bank, including a $250 million Ghana Financial Stability Project and another $250 million for the Ghana Energy Sector Recovery Programme. Mr Mahama stressed the urgency of managing debt repayments while working to stabilise the economy.

“I don’t kid myself that it is going to be an easy task; it is going to be quite tough. I anticipated that we were going to win, but I didn’t anticipate the margin by which we were going to win. That is an indication that Ghanaians have very high expectations,” he said, committing to working tirelessly to meet these demands.

Global collaboration and domestic concerns

The President-elect highlighted the critical role of global partnerships in Ghana’s recovery. He lauded the United Nations and its agencies for their longstanding support, particularly in addressing challenges such as food security.

“We are anticipating that there is going to be some problems with the availability of food, and so how we are able to quicken support to ameliorate the situation is something that we would like to work on,” Mr Mahama said.

He expressed readiness to collaborate with agencies such as UNICEF and UNHCR to uplift Ghanaians from the current economic challenges.

UN’s support for Ghana

Mr Abani commended Ghana’s seamless 2024 elections, describing the polls as a hallmark of democratic excellence in Africa. “This visit is to assure you that the UN stands fully with you and fully with Ghana. We know your presidency is just about to unfold, and I can assure you of our collaboration,” Mr Abani said.

The elections saw Mr Mahama secure 6,328,397 valid votes, representing 56.55%, underscoring his strong mandate.

Source: www.kumasimail.com

Tags: HeadlinesIMFtopstoryWorld Bank
ShareTweetSend
Previous Post

Akyem Tafo Zongo Youth demand Arrest of National Security Operative “Double” Over Shooting Incident

Next Post

National Blood Service donates Centrifuge machine to KATH’s transfusion Medicine Unit

YOU MAY LIKE

NPP Ashanti regional Youth Organizer praises Mahama for youthful appointments and recognition of hard work
News

Don’t Vote for NDC’s Lawyer Bediako, He Frustrated Ernest Kumi to His Death – NPP Chairman

MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit
Education

MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit
Education

Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

Reject all incumbent NPP executives seeking re-election-Butey to delegates
News

NPP grants general amnesty to suspended members, reaffirms commitment to unity

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash
News

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Next Post
National Blood Service donates Centrifuge machine to KATH’s transfusion Medicine Unit

National Blood Service donates Centrifuge machine to KATH’s transfusion Medicine Unit

Effutu NDC Vice Chairman escapes lynching; others injured in Post-Election violence, two arrested

Effutu NDC Vice Chairman escapes lynching; others injured in Post-Election violence, two arrested

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

NPP Ashanti regional Youth Organizer praises Mahama for youthful appointments and recognition of hard work

Don’t Vote for NDC’s Lawyer Bediako, He Frustrated Ernest Kumi to His Death – NPP Chairman

MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

Ashanti NPP group alleges Kennedy Agyapong demanded GH¢5m From Dr. Bawumia to support 2024 campaign

Ashanti NPP group alleges Kennedy Agyapong demanded GH¢5m From Dr. Bawumia to support 2024 campaign

Reject all incumbent NPP executives seeking re-election-Butey to delegates

NPP grants general amnesty to suspended members, reaffirms commitment to unity

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Kennedy Agyapong Urges National Unity to Procure Safe Presidential and Airforce Aircraft Following Tragic Helicopter Crash

Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

Abronye DC Alleges Former Ghana High Commissioner to India Hates Dr. Bawumia Over Exposed Corruption

Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

Ghanaians Didn’t Want Bawumia as NPP Flagbearer- H.E Asomah Cheremeh

Justice Torkornoo files injunction against petitions seeking her removal

Reinstate suspended CJ immediately, give her fair hearing – Commonwealth lawyers

Gov’t imposes daily fine on DSTV over failure to submit pricing data

Gov’t imposes daily fine on DSTV over failure to submit pricing data

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
NPP Ashanti regional Youth Organizer praises Mahama for youthful appointments and recognition of hard work

Don’t Vote for NDC’s Lawyer Bediako, He Frustrated Ernest Kumi to His Death – NPP Chairman

MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

MTN Ghana CFO Urges Students to Lead, Prepare and Persevere at Youth Summit

Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

Antoinette Kwofie Urges Young People to Dream Big at Tamale Youth Empowerment Summit

Ashanti NPP group alleges Kennedy Agyapong demanded GH¢5m From Dr. Bawumia to support 2024 campaign

Ashanti NPP group alleges Kennedy Agyapong demanded GH¢5m From Dr. Bawumia to support 2024 campaign

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com