{"id":93376,"date":"2025-02-15T06:20:06","date_gmt":"2025-02-15T06:20:06","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi"},"modified":"2025-03-11T21:09:12","modified_gmt":"2025-03-11T21:09:12","slug":"govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi","title":{"rendered":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The government has been advised to urgently explore other diplomatic sources of financing apart from the United States and draw some money from the Ghana Stabilisation Fund (GSF).<\/b><\/p>\n

This is to help reduce the burden particularly on Ghana\u2019s health sector, which has suffered a US$78.2 million out of a total of US$156m funding gap created by the withdrawal of the United States Agency for International Development (USAID) support.<\/p>\n

Professor John Gatsi, the Dean, University of Cape Coast (UCC) Business School, said this in an exclusive interview with the Ghana News Agency.<\/p>\n

This comes on the back of President John Dramani Mahama\u2019s directive to the Finance Minister, Dr Cassiel Ato Forson, to take immediate actions to close the funding gap.<\/p>\n

He said the situation called for \u201ccritical thinking into exploring all avenues of financing the needs of our people. The first thing that should be happening now is to broaden our scope of engagement within the diplomatic communities.\u201d<\/p>\n

\u201cThe Government must scale-up what we get from Norway, UK, and other countries, and even countries that have not been supporting us. This is the time to be aggressive in contacting them to see how they can scale up their support to Ghana,\u201d Prof Gatsi said.<\/p>\n

He called for a strategic collaboration between the Ministry of Finance and the Ministry of Foreign Affairs in achieving that goal.<\/p>\n

A leaked memo in the international cycles has indicated a restoration of USAID support to some \u201cstrategic countries,\u201d but it remains unknown if Ghana is part of those.<\/p>\n

Prof Gatsi said while the country waited to get more details on the \u201cstrategic countries,\u201d it could draw some money from the Ghana Stabilisation Fund, which receives 30 per cent of the country\u2019s petroleum revenue.<\/p>\n

The Reconciliation Report on the Petroleum Holding Fund presented to Parliament by the Finance Ministry showed that at the end of 2023, the closing balance of the Fund was US$190.38 million.<\/p>\n

\u201cThe Stabilisation Fund under the Petroleum Revenue Management tells us that we can take some money from that Fund to support the economy in terms of acute difficulty. So, we should be targeting to get some money to support the economy regarding this shortfall,\u201d he said.<\/p>\n

For More News And Analysis About Ghana<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The government has been advised to urgently explore other diplomatic sources of financing apart from the United States and draw some money from the Ghana Stabilisation Fund (GSF). This is to help reduce the burden particularly on Ghana\u2019s health sector, which has suffered a US$78.2 million out of a total of US$156m […]<\/p>\n","protected":false},"author":84,"featured_media":93375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-93376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"\nGov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi - Ghana<\/title>\n<meta name=\"description\" content=\"The government has been advised to urgently explore other diplomatic sources of financing apart from the United State ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi\" \/>\n<meta property=\"og:description\" content=\"The government has been advised to urgently explore other diplomatic sources of financing apart from the United State ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-15T06:20:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-11T21:09:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi\",\"datePublished\":\"2025-02-15T06:20:06+00:00\",\"dateModified\":\"2025-03-11T21:09:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\",\"name\":\"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi - Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg\",\"datePublished\":\"2025-02-15T06:20:06+00:00\",\"dateModified\":\"2025-03-11T21:09:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The government has been advised to urgently explore other diplomatic sources of financing apart from the United State ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ghana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/\",\"name\":\"Ghana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi - Ghana","description":"The government has been advised to urgently explore other diplomatic sources of financing apart from the United State ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi","og_locale":"en_US","og_type":"article","og_title":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi","og_description":"The government has been advised to urgently explore other diplomatic sources of financing apart from the United State ...","og_url":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi","og_site_name":"Ghana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-02-15T06:20:06+00:00","article_modified_time":"2025-03-11T21:09:12+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi","datePublished":"2025-02-15T06:20:06+00:00","dateModified":"2025-03-11T21:09:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi"},"wordCount":391,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg","keywords":["ghana"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi","url":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi","name":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi - Ghana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg","datePublished":"2025-02-15T06:20:06+00:00","dateModified":"2025-03-11T21:09:12+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The government has been advised to urgently explore other diplomatic sources of financing apart from the United State ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#primaryimage","url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg","contentUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/02\/sm_1739588209.035845.jpg","width":1280,"height":720,"caption":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/govt-must-explore-diplomatic-financing-options-tap-into-stabilisation-fund-prof-gatsi#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ghana\/"},{"@type":"ListItem","position":2,"name":"Gov\u2019T must Explore Diplomatic Financing Options, Tap into Stabilisation Fund \u2013 Prof Gatsi"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ghana\/#website","url":"https:\/\/www.africa-press.net\/ghana\/","name":"Ghana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/93376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/comments?post=93376"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/93376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media\/93375"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media?parent=93376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/categories?post=93376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/tags?post=93376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}