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Mozambique secures $309 million funding from IMF for Covid-19

The International Monetary Fund (IMF) said on Friday it has approved a disbursement of $309 million to help Mozambique meet urgent balance of payment...

19 African countries secure debt relief from the IMF

The International Monetary Fund has granted immediate debt relief to 19 African countries and six other nations to help deal with the coronavirus pandemic. The...

Tunisia seeks new IMF deal, cuts 2020 growth forecast

Tunisia will seek a new loan deal with the International Monetary Fund (IMF), its prime minister said on Sunday, after slashing the country’s economic...

Liberia’s Antoinette Sayeh named as IMF deputy managing director

Liberia's Antoinette Sayeh has been picked as the deputy managing director of the International Monetary Fund. The Managing Director Kristalina Georgieva named Sayeh who also...

African experts say the continent is ‘paying too much for debt’

For many years there have been concerns about the rate at which African countries borrow to support their economies. Some had said that the continent...

DR Congo secures $368 mln loan from IMF after suspension

The International Monetary Fund (IMF) board has approved the disbursement of around $368 million to Democratic Republic of Congo, the Fund said on Monday...

IMF says 40% of African countries are in debt crisis

The Managing Director of the International Monetary Fund, Kristalina Georgieva, says 40 per cent of African countries are in debt distress. She described Africa as...

IMF says Ghana’s GDP growth will hit 7% in 2019

The International Monetary Fund on Thursday said on Thursday that Ghana’s economic growth is expected to rise to around 7% this year. That increase from...

IMF calls for speedy resolution to Nigeria border closure

The International Monetary Fund is asking Nigeria to speed up resolution to the closure of its border with neighboring west African nations. Since August 20,...

U.S. warns there won’t be another debt relief for Africa

The United States government has given the strongest indication that African countries piling up their external debts won't be able to access any debt...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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