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Tag "International Monetary Fund (IMF)"

Report: Ghana’s cedi now world’s worst-performing currency against US dollar

    Report: Ghana’s cedi now world’s worst-performing currency against US dollar

The Ghanaian cedi has become the worst performing currency in the world after it lost 45.1 percent of its value to the US dollar this year. According to Bloomberg, the

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DMO to FG: Grow revenue sources, cut waste to reduce borrowing

    DMO to FG: Grow revenue sources, cut waste to reduce borrowing

The Debt Management Office (DMO) says the federal government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure. Patience Oniha, director-general,

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Report: Ghana cedi drops by 35%, now second worst-performing currency in the world

    Report: Ghana cedi drops by 35%, now second worst-performing currency in the world

The Ghana cedi has depreciated by 35 percent against the US dollar this year, making it the second worst-performing currency in the world after Sri Lanka’s Rupee. According to a

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Inflation: Ghana’s Central Bank raises interest rate to 22%

    Inflation: Ghana’s Central Bank raises interest rate to 22%

The Bank of Ghana (BOG) has increased its monetary policy rate (MPR) from 19 percent to 22 percent in a bid to curb inflationary pressures and halt the depreciation of

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Climate change: AfDB, IMF urge African nations to mobilise $1.6trn by 2030

  Climate change: AfDB, IMF urge African nations to mobilise $1.6trn by 2030

The African Development Bank and the International Monetary Fund (IMF), have called on Africa to mobilise funds to fight climate

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Report: IMF to ‘substantially’ cut global economic outlook as inflation surges

The International Monetary Fund (IMF) says it will significantly reduce its forecast for global economic growth in its next update.

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IMF delegation visits Ghana to begin talks on economic bailout

  IMF delegation visits Ghana to begin talks on economic bailout

A delegation from the International Monetary Fund (IMF) is scheduled to visit Ghana to begin discussions on a possible support

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IMF: Nigeria’s economy gaining strength — but inflation will remain high

  IMF: Nigeria’s economy gaining strength — but inflation will remain high

The International Monetary Fund (IMF) says inflation will remain high despite the ongoing economic recovery in Nigeria. The Washington-based institution

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CBN: We’ll introduce USSD code for eNaira transactions

  CBN: We’ll introduce USSD code for eNaira transactions

The Central Bank of Nigeria (CBN) has announced plans to introduce an unstructured supplementary service data (USSD) code to improve

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IMF: Nigeria may spend 100% of revenue on debt servicing by 2026 

  IMF: Nigeria may spend 100% of revenue on debt servicing by 2026 

The International Monetary Fund (IMF) says Nigeria may spend almost 100 percent of its revenue on debt servicing by 2026.

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