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Zambia announces new austerity measures

Zambia is set to roll out new austerity measures to deal with its rising debt. The country’s President, Edgar Lungu said the new measures should...

IMF approves next disbursement under Ghana’s aid deal

The International Monetary Fund’s board on Monday approved the next disbursement of about $191 million under Ghana’s aid program, while urging the West African country to take further steps to address its high debt.

IMF claims manufacturing jobs are on the decline

The International Monetary Fund (IMF) said yesterday that the declining share of manu­facturing jobs need not hurt growth or raise inequality, provided that the right policies were in place. 

IMF urges Kenya to stabilise economy

The International Monetary Fund has told Kenya that it must reduce its alarming fiscal deficit, ensure a sustainable public debt regime and abolish the interest rates cap to put the economy back on a strong footing.

Kenya’s government declares the country ”broke”

Officials within Kenya's government have said that the country is "broke" and lacks needed funds for developmental projects.

IMF urges Ghana to adopt new revenue plan

Ghana must legislate new measures to boost revenues by at least 0.5 percent of Gross Domestic Product (GDP) before the International Monetary Fund (IMF) reviews a $918 million credit deal next month, the Fund has said.

IMF pledges support to reforms in Mauritania

The International Monetary Fund Boss Christine Largarde has announced the funds support to Mauritania in its ongoing reform.

Zimbabwe has World’s 2nd Largest Informal Economy – IMF

Zimbabwe has the second largest informal economy as a percentage of its total economy in the world, after Bolivia, the International Monetary Fund has said.

IMF backs Zimbabwe’s promise to revive its economy

International Monetary Fund Boss Christine Lagarde has welcomed a commitment by Zimbabwe’s new President Emmerson Mnangagwa to stabilize the country’s economy and work to improve relations with the international community. Lagarde met with Mnangagwa on the sidelines of the World Economic Forum in Davos, Switzerland. It was their first meeting since Mnangagwa took power in November when the military ousted Robert Mugabe, who ruled for 37 years.

IMF: Nigeria’s economy to grow by 2.1 percent in 2018

Nigeria’s economy is projected to grow by 2.1 percent this year according to the International Monetary Fund. The prediction which represents 0.2 percent from the 1.9 percent projected in October 2017 was contained in Fund's World Economic Outlook Update, released on Monday. Though, the IMF upgraded its growth forecast for the global economy in 2018 to 3.9 percent, it however downgraded the 2018 and 2019 growth forecasts for sub-Saharan Africa to 3.3 percent respectively.

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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