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.
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.
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.
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.
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.
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.
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.
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...
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...
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...
