High Inflation: Economists outline coping strategies
Madam Efua Kajabe, a fish monger in Elmina in the Komenda-Edina-Eguafo-Abrem Municipality, expressed uneasiness over spiraling prices of fish...
Source: businessghana.com
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IMF to disburse $600million to Ghana as Board approves $3bn loan request
The Executive Board of the International Monetary Fund IMF on Wednesday approved Ghana 39;s request for a 3 billion loan-support programme.
Source: modernghana.com
Ghana to receive immediate disbursement of US$600 million from IMF
The Executive Board of the International Monetary Fund (IMF) on Wednesday approved Ghana’s request for a $3 billion loan-support programme. The approval would lead to an “immediate” disbursement of US$600 million to support the Government’s three-year Post COVID-19 Programme for Economic Growth (PC-PEG) to restore macroeconomic stability and debt sustainability.…
Source: newsghana.com.gh
African central banks poised to hold rates as inflation softens
Most African central banks due to decide on interest rates in the next two weeks are set to keep them on hold as decades-high inflation eases after more than a year of tightening. Those such as in Egypt, Kenya and Mozambique may also factor into their decisions a drop in global commodity prices and the unwinding of supply constraints. Expectations that the US Federal Reserve may pause its most aggressive hiking cycle since the 1980s, which could weaken the dollar and boost their currencies, will be another consideration.
Source: engineeringnews.co.za
Africancentral banks poised to hold rates as inflation softens
Although SA and Nigeria are expected to hike.
Source: moneyweb.co.za