Thursday, September 19, 2024

International Monetary Fund (IMF)

IMF expects revenue to underperform target and expenditure to overshoot target

The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the target by a similar margin. The Fund is forecasting a budget deficit of 5.0% for Ghana...

IMF projects higher growth for Sub-Saharan Africa in 2023 better than advanced economies.

The International Monetary Fund (IMF) is projecting that Sub-Saharan Africa’s growth for 2023 will be better than advanced countries for end year 2023, despite a slow global economy growth.   “The slowdown is more pronounced in advanced economies than in...

‘Strategists don’t go to IMF’ – Kennedy Agyapong slams NPP strategist for currency depreciation

Mr. Kennedy Ohene Agyapong, a prominent member of the New Patriotic Party (NPP) vying for the party's flagbearer position, has voiced his discontent with the government's handling of the local currency. During his campaign tour in Kintampo East on July...

IMF and South Sudan agree on a $112.7 million emergency fund.

The International Monetary Fund and South Sudan have reached a staff-level agreement for the release of about $112.7 million in emergency financing. "This emergency financing under the new Food Shock Window will help South Sudan address food insecurity, support social...

‘Ukraine war fallout could fuel unrest in Africa’

The International Monetary Fund (IMF) has warned of a looming food crisis that may spark social unrest in sub-Saharan Africa. The fund has revised its growth projection for the continent downwards to 3.8 per cent from the initial 4.5 per...
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