NEWS-IFY

             International Monetary Fund( IMF) has reached a staff- position agreement with Ghana on profitable programs and reforms to be supported by a new three- time arrangement under the Extended Credit Facility( ECF) of aboutUS$ 3 billion. According to the IMF, the authorities ’ strong reform program aimed at restoring macroeconomic stability and debt sustainability while guarding the vulnerable, conserving fiscal stability, and laying the foundation for strong and inclusive recovery. The IMF said to support the ideal of restoring public debt sustainability, the Ghanaian authorities have launched a comprehensive debt operation. In addition to a front- loaded financial connection and measures to reduce affectation and rebuild external buffers, the program envisages wide- ranging reforms to address structural sins and enhance adaptability to shocks. An IMF platoon led byMr. Stéphane Roudet, Mission Chief for Ghana, v...

The Minority in Parliament has effectively constrained the public authority to pull out and redistribute the GHC 80 million dispensed in the 2023 financial plan for the development of the public church building to the Streets and Correspondences areas. Further, the said sum was totally taken out from the last allotment bill. MP for North Tongu, Samuel Okudzeto Ablakwa who unveiled this in a Facebook post said this implies the public authority's 2023 consumption is, consequently, decreased by GHC 80 million. An individual from the minority, Yussif Sulemana, who kicked against the financial plan for the house of prayer, told columnists on Tuesday, December 20, 2022: "I can perceive you on power that by the day's end, we needed to cast a ballot and after the vote, the minority conveyed the day. We have casted a ballot against it, and we are saying that this isn't the most ideal time for us to burn through that colossal amount of cash on building a basilica....

The goalkeeper carousel continues for Bayern Munich. A report from Spanish outlet Marca (via @iMiaSanMia) suggest that another star of the FIFA Men’s World Cup semi-finals, Morocco’s Yassine “Bono” Bounou, is now in their sights. With Croatia’s Dominik Livaković apparently not preferred, Marca suggests that it’s the Sevilla man who might get the move to Bavaria instead. Bono is 31, has a contract lasting through summer 2025 and a €50m release clause — and he’s first-choice for a club embroiled in this year’s relegation fight in La Liga. Would Sevilla really let him go? Maybe, but probably not for cheap! Staying in the Spanish top flight must be a considerable priority, and the Moroccan’s performances at the World Cup will have done nothing to lower his price. Why would Bayern be interested? Well, Marca reports that club CEO Oliver Kahn is “a fan” of the player. On the other hand, he’s several years older and several times more expensive than the Croatian keeper they’ve alre...

Deputy Energy Minister, Andrew Egyapa Mercer has revealed that the primary transfer of fuel under Ghana's Gold for Oil arrangement will show up on the shores of the country in January 2023. The Deputy Minister in a meeting with Benjamin Akakpo on the AM Show on Wednesday, said the fundamental arrangement required had been finished for the primary transfer to show up. "On the tenth, eleventh and twelfth of January, the primary shipment of the completed item will show up in this nation coming from the Unified Arab Emirates. All the fundamental arrangements that should have been executed has been executed. The Administrator noticed that a huge headway had been put forth as a component of attempts to import modest fuel to Ghana. The Gold for Oil trade arrangement will see the nation getting less expensive fuel in return for Gold. Costs of fuel are supposed to go down additional after the modest fuel is brought into the market. Mr. Egyapa Mercer ...

Marcu Thuram has been potentially linked with a move to Bayern Munich this summer, as the Rekordmeister have shown that they plan to make a big move for a prominent striker just one summer after losing Robert Lewandowski. Most notably, they have been linked with Tottenham Hotspur’s Harry Kane, though there are well-founded objections that Bayern will ultimately get priced out of a move for the England captain, and Thuram could prove to be a viable contingency plan should that happen. Thuram recently addressed the Bayern Munich links to French outlet L’Equipe (via @iMiaSanMia). For now, he’s not interested in thinking about what lies ahead for him after Borussia Monchengladbach. His current contract with Die Fohlen runs only through June 2023, though, and without discussions about a renewal at Gladbach, he’ll soon be free to negotiate with other clubs for his next contract. “Bayern is a very big club. But for me, I plan day to day. What use would it be for me to plan three y...

Cristiano Ronaldo also popularly known as CR7 is one of the greatest footballers of all time. The Portuguese superstar has left a mark at almost every club he’s been to. From his boyhood club Sporting CP to Manchester United where he started showing his prowess to Real Madrid that unleashed the beast in him. He also played for Italian giants Juventus were he did great as expected. After his spell at Juventus,Cris decided to go back to Manchester United where his career actually lit up. His first season went well having finishing 3rd top scorer in the league at age 36 with 18 goals. His second season at Manchester United wasn’t blissful as many thought it would be after new coach Erik Ten Hag was appointed,Ronaldo wasn’t used often by Ten Hag and things started getting intense until a Premier league game against Tottenham Hotspurs. Ronaldo later on had an interview with a journalist called Pierce Morgan were he quoted he had no respect for the manager and criticized the boa...

On Wednesday 14 December, the french national team faced the Morocco national team in auch anticipated world cup fixture to determine who will go to the final of this year's Qatar world cup. Argentina had already qualified earlier beating Croatia to earn the spot.  When the match ended France had won the game by two goals to nil. The defeat of Morocco was disappointing for all Africans as they wanted to be the first African national team to reach the world cup finals. The France national team on the other hand were really happy for making it to their second consecutive world cup final.  The celebration by the French continued back home all night. But tragedy struck druning the celebrations. According to the BBC, a 14 year old boy was hit by a car during the celebrations shortly after the match.  The BBC report said,"Images on social media showed a car draped in a French tricolor surrounded by people who then grabbed the flag. The driver then appea...

The dollar finished Wednesday higher across the FX board following a volatile American session. The US Federal Reserve was responsible for the hawkish movement, as the central bank issued as expected, but Chairman Jerome Powell was surprised by the white speech. The central bank pulled the trigger by 75 basis points, and the accompanying statement suggested that policymakers would soon slow down QT. “In determining the pace of future increases to the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.” The greenback fell to fresh weekly lows relative to most major rivals as investors rushed to price in a 50 basis point rate hike in December.   However, comments from Chairman Jerome Powell brought dollar buyers back to life. Central Bank Head Says Inflation Must Be Lower "Decisively" and added that they ...