Cedi To Record Mixed Performance This Week
The Ghana cedi is expected to record a mixed performance this week as the market awaits a decision of Ghana’s external debt restructuring with its bilateral creditors. The Paris Club….
Tag: imf
China, World Bank Exploring Solutions To Debt-Distress Deadlock
China and the World Bank are exploring compromises over how to restructure billions of dollars of debt held by poor nations, seeking a long-sought breakthrough that could unlock desperately needed….
IMF Revises Ghana’s Average Inflation Forecast To 45.4% In 2023
The International Monetary Fund has revised its average inflation forecast for Ghana in 2023 to 45.4%. This is in line with the high prices of foodstuffs and other commodities such….
Oil Prices To Drop By 24.1% To Sell At $73.1 Per Barrel In 2023 – IMF Report
Prices of crude oil on the international markets is expected to fall by 24.1 percent to sell at an average of $73.1 per barrel in 2023, this is according to….
Ofori-Atta, Dr Addison In Washington To Make Final Push For $3 Billion IMF Deal
The Finance Minister, Ken Ofori-Atta, the Governor of the Bank of Ghana, Dr. Ernest Addison, and other members of the economic management team are currently in Washington, D.C., to deliberate on Ghana’s….
Help Ghana Shoulder Debt Burden – IMF Pleads
The International Monetary Fund (IMF) has doubled down on its plea to wealthier nations to support Ghana and other weaker economies to help such countries extricate themselves from the shackles….
Phase 2 Of Obetsebi Lamptey Interchange Project Halted Over IMF Deal
Resident Engineer for FAS Consult Limited, Antwi Owusu Sekyere has attributed the suspension of works of the Obetsebi Lamptey Interchange project in Accra to the government’s negotiations with the International….
Ghana’s Bilateral Creditors Set To Clear Way For $3bn IMF Bailout
Ghana hopes to take a big step towards restructuring its $58bn-worth of debt this week, with its bilateral creditors meeting on Tuesday to discuss whether to provide enough relief to….
Nonbank Financial Sector Vulnerabilities Surface As Financial Conditions Tighten
The International Monetary Fund (IMF) says recent strains at some banks in the United States and Europe are a powerful reminder of pockets of elevated financial vulnerabilities built over years of low rates,….
Inflation To Average 16% In 2024 – Fitch Solutions
Inflation will average 16.0% in 2024, Fitch Solutions has projected. However, it is forecasting inflation to average 37.6% in 2023, higher than the 31.5% recorded in 2022. “As such, we….