Tag Archives: IMF

Countries across Africa still face financing needs amounting to over US$110 billion in 2020 alone, the International Monetary Fund (IMF) has said.   The IMF has also doubled access to its emergency lending facilities. Access limits to the Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) have been doubled …

The International Monetary Fund (IMF) is projecting an inflation rate below the upper band of the Bank of Ghana’s target, for this year. This means the prices of goods and services will remain largely the same, while interest rates stay low. The Central Bank is forecasting an average inflation rate …

The International Monetary Fund (IMF) says Ghana’s track record of repaying debts will enable her to repay the US$1bn COVID-19 facility it lent the country with ease. In a staff report and statement by the Executive Director for Ghana, the Fund said: “Ghana’s track record of servicing debts to the …

The government of Ghana’s fiscal deficit is projected to reach 9.5% of GDP by the end of this year. That is according to a revised forecast by the International Monetary Fund. Excluding energy and financial costs, the budget deficit of GDP will, however, be 6.4% of GDP. This is higher …

The International Monetary Fund said on Thursday that five wealthy countries pledged to provide $11.7 billion to an IMF loan and grant facility for poor countries, as the Fund’s steering committee vowed to review the adequacy of resources needed to fight the coronavirus pandemic. IMF Managing Director Kristalina Georgieva said …

The International Monetary Fund, IMF has projected that Ghana will not go into an economic recession later this year due to Covid-19 pandemic. Some developmental partners of Ghana including the World Bank have warned that the country could go into an economic recession due to the Covid-19 outbreak. IMF Country …

The International Monetary Fund (IMF) has announced it has granted debt relief to over 25 poor member countries. The International Monetary Fund (IMF) is an organization of 189 countries, that helps foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and reduce poverty around the world. …

The International Monetary Fund (IMF) has approved the disbursement of US$1 billion to Ghana to be drawn under the Rapid Credit Facility (RCF). The money is to help Ghana address the “fiscal and balance of payments needs” and also help the country to improve confidence in its economy especially in …

The International Monetary Fund(IMF) has acknowledged receipt of Ghana’s request for credit to battle the scourge of covid-19 pandemic in the country. In a statement  issued by the Bretton Woods institution noted that the IMF is currently evaluating the authorities’ request and bring it forward for Executive Board consideration as …

Ghana has turned to the International Monetary Fund for financial support to combat the novel coronavirus pandemic. The IMF in a press release disclosed that the government had requested a rapid credit facility disbursement. IMF’s African Department Director, Abebe Aemro Selassie is quoted as saying: “Last week, the IMF received Ghana’s request …