Gross International Reserves Pick Up In Last Quarter Of 2021
Ghana’s Gross International Reserves (GIR) picked up in October after suffering a setback in the last month of the third quarter of the year, but still not strong enough to ...
Tag: IMF
Global Minimum Corporate Tax To Lessen Pressures For Tax Competition In SSA
Antoinette Sayeh, Deputy Managing Director at the International Monetary Fund (IMF), has stated that the global minimum corporate tax should lessen tax competition in the mining sector in Sub-Saharan African ...
Ghana likely to Seek IMF Financing If Liquidity Strains Mount – Fitch Ratings
Fitch Ratings, a global rating agency, has expressed concerns over Ghana’s rising debt servicing costs, highlighting the possibility of the country seeking an assistance from the IMF even though the ...
Commercial Banks Show Growing Appetite for Government Securities, Foreign Assets
Flow of Funds of Commercial Banks in the country is massively skewed towards investment in Government securities, foreign assets and balances with Bank of Ghana (BoG) to the detriment of ...
Nigeria Rolls Out Africa’s First Digital Currency
Nigeria has officially launched a new digital version of its currency, the eNaira, after postponing the operation initially planned for early October. With this launch, Nigeria, Africa's largest economy in ...
Ghana, 5 Others Received 50% of SDRs for Sub-Saharan Africa– World Bank
Ghana is among the largest recipients of the International Monetary Fund (IMF)’s Special Drawing Rights (SDRs) in Sub-Saharan Africa to aid its economic recovery processes from the COVID-19 pandemic, the ...
SDR Allocation Not a Type of Central Bank Financing, Governor Clarifies
The Governor of the Bank of Ghana has clarified that the recent US$ 1.007 billion Special Drawing Rights (SDR) allocation will not be classified as a Central Bank financing due ...
Ghana to Grow at 4.7% In 2021– IMF
The International Monetary Fund (IMF) has revised Ghana’s growth rate upward by a margin of 0.1 percent to 4.7 percent in 2021 in its October 2021 World Economic Report. The ...
World Bank forecasts higher End-year inflation for Ghana
The World Bank expects Ghana’s End-year inflation to remain within the upper band of the Bank of Ghana’s target for 2021. This means the Bretton Woods Institution does not expect ...
Private Investment in Africa Exceeding Expectations in 2021 – AVCA
Despite widespread decline felt by most economies across the globe, private equity fundraising in Africa managed to reach US$1.3bn in the first half of 2021. This mirrors the gradual stabilization ...
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