- Thread starter
- Staff
- #1
Dadparvar
Staff member
- Nov 11, 2016
- 10,600
- 0
- 6
The International Monetary Fund (IMF) Thursday released a statement announcing “good progress” following meetings with Ghana representatives discussing a new IMF program for the African nation. The parties also held talks on the subject in Ghana this fall. Ghana revceived previous financial assistance from the IMF through an extended credit facility arrangement from 2015 to 2019.
Ghana is seeking renewed IMF support due to economic repercussions of the COVID-19 pandemic, during which Ghana’s public debt increased by 15 percent to 80 percent of its GDP, and the war in Ukraine. Since January, the Ghanaian cedi has fallen over 49 percent in value against the US dollar amid high year-on-year inflation, which was calculated by the country’s Statistical Service to be 37.2 percent in September.
In a speech last week, Ghanaian President Nana Addo Dankwa Akufo-Addo of Ghana admonished the “derisory” $55 million offered to the Africa by four participating European governments during the Rotterdam Africa Adaptation Summit on September 5.
The post International Monetary Fund and Ghana continue negotiations for financial assistance appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.
Ghana is seeking renewed IMF support due to economic repercussions of the COVID-19 pandemic, during which Ghana’s public debt increased by 15 percent to 80 percent of its GDP, and the war in Ukraine. Since January, the Ghanaian cedi has fallen over 49 percent in value against the US dollar amid high year-on-year inflation, which was calculated by the country’s Statistical Service to be 37.2 percent in September.
In a speech last week, Ghanaian President Nana Addo Dankwa Akufo-Addo of Ghana admonished the “derisory” $55 million offered to the Africa by four participating European governments during the Rotterdam Africa Adaptation Summit on September 5.
The post International Monetary Fund and Ghana continue negotiations for financial assistance appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.