In September 2022, ACEP and Imani initiated an investigation into a sole-sourced contract between Genser and GNPC, encompassing a combined gas and pipeline infrastructure agreement. Our analysis revealed that Genser stood to receive $1.5 billion in gas discounts over a sixteen-year period while utilizing effectively subsidised infrastructure to expand its Go to IMANI, Ghana for more detail!
New Report: Financing Ghana’s Climate Action: Raising the Needed Resources to Achieve Country’s Climate Targets
This report assesses Ghana’s readiness to finance its Nationally Determined Contributions (NDCs) in the context of the current economic challenges . Specifically, the report seeks answers to the following questions: 1. What is the size of the available domestic climate financing tools and products in Ghana? 2. What are the critical incentives to Go to IMANI, Ghana for more detail!
Can a central bank make a loss?
The Bank of Ghana made a loss of GH¢60.81 billion in 2022. It recorded a profit of GH¢1.23 billion in 2021. Some people have wondered whether the central bank was a profit-seeking business like a commercial bank. Others have wondered how the central bank, with the power to print money, can make a loss. Go to IMANI, Ghana for more detail!
Doha Debates: Is it time to cancel Africa’s debts? IMANI vs Debt Justice. Stimulating!
“Is it time to cancel the debts of low-income countries in the global south? It’s estimated that three out of five low-income countries are struggling to pay their debts. In Africa, 21 countries are either bankrupt or in financial distress, and are on the hook to repay more than $70 Go to IMANI, Ghana for more detail!
Why does the IMF include the debt of state-owned enterprises in Ghana’s public debt?
The IMF, in its debt sustainability analysis, includes the debt of Ghana’s state-owned enterprises (SOEs). The government of Ghana, prior to asking the IMF for support in July 2022, had excluded the debt of SOEs from public debt primarily on the grounds that such debt was not backed by the Go to IMANI, Ghana for more detail!
Six Key Leadership of Committees of Kenya’s Parliament hold discussion with IMANI
On June 8 2023, the leadership of Six Watchdog Committees of the Kenyan National Assembly ( Parliament) engaged IMANI to understand the role non-state actors play in demand side accountability. These are the Public Accounts Committee (PAC), the Public Investments Committee on Governance & Education, the Public Investments Committee on Go to IMANI, Ghana for more detail!
Chasing Shadows in Ghana’s Murky Oil Refinery Deal
This is a long-read. The short version is as follows. Born of Big Dreams The Tema Oil Refinery (TOR), located in the country’s coastal industrial base, is a product of Ghana’s post-colonial industrialisation drive that saw the first government after independence engage international investors as strategic partners in a number Go to IMANI, Ghana for more detail!
The TOR – Torentco Deal: Smoke & Mirrors
In a significant move for Ghana’s oil industry, Tema Oil Refinery (TOR) has recently sought approval from Ghana’s Public Procurement Authority (PPA) to lease its main production assets to a company called Torentco Asset Management. The proposal involves leasing TOR’s primary production assets to Torentco Asset Management, which would assume Go to IMANI, Ghana for more detail!
Ghana and the IMF have struck a deal, but hard choices lie ahead
In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million. This is the second time in the past eight years that the country has approached the IMF. And it’s the 17th time since independence in 1957 Go to IMANI, Ghana for more detail!
IMANI’s Bright Simons speaks to the BBC as Ghana receives $3bn IMF bailout
Ghana has just signed a new bailout programme with the International Monetary Fund (IMF) worth $3bn (£2.4bn). Ghana, long seen as one of Africa’s best run countries, has been struggling to recover from the combined effects of the global Covid pandemic and the war in Ukraine. IMANI’s Bright Simons speaks Go to IMANI, Ghana for more detail!
Video: Securing Climate Finance in the Current Fiscal Crisis
Ghana’s economy is highly vulnerable to climate change and its resulting impacts on sustainable development and inclusive growth. In the past two decades, carbon emissions have doubled, leading to high levels of food insecurity and the prevalence of extreme weather events, such as flooding. As a result, approximately 10% of Go to IMANI, Ghana for more detail!
Slides: Securing Climate Finance in the Current Fiscal Crisis – Second Consultative Dialogue
Ghana’s economy is highly vulnerable to climate change and its resulting impacts on sustainable development and inclusive growth. In the past two decades, carbon emissions have doubled, leading to high levels of food insecurity and the prevalence of extreme weather events, such as flooding. As a result, approximately 10% of Go to IMANI, Ghana for more detail!
