Global: IMF lists richest countries in Africa

Posted by - March 2, 2024

When assessing the wealthiest countries in Africa, it’s crucial to consider the GDP per capita, a measure of the value of all goods and services produced per resident. This list, featuring smaller nations like Mauritius and Libya, is based on purchasing power parity (PPP) which accounts for inflation and local cost variations, providing a more

Ghana tops African countries with highest debt with IMF

Posted by - September 25, 2023

Ghana has maintained its spot as Africa’s most indebted country to the International Monetary Fund (IMF). Ghana’s debt to the IMF increased by 35.55% over the time period under consideration, per data from the IMF’s Quarterly Finances for July-ending 2023. This accounts for 9.55 percent of the 17.68 billion (Special Drawing Rights) SDR in total

IMF Injects $1 billion into Ghana’s economic

Posted by - September 2, 2021

Ghana has received the equivalent of US$1 billion from the International Monetary Fund (IMF). This is the country’s share of the new Special Drawing Rights (SDRs) allocation to boost the post-Covid economic recovery of member countries. A statement issued by the Public Relations Unit of the Ministry of Finance, Friday, indicated that, “the government is

Egypt’s economic growth to record 5.5% in 2019: IMF

Posted by - April 10, 2019

Egyptian economy will grow by 5.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) April 2019. Further, the IMF expected that the country’s economic growth will reach 5.9% in 2020. However, Egypt’s economic growth forecast was estimated at 6% in the fiscal year (FY) 2019/20. The WEO expected that

IMF appoints Harvard’s Gopinath as first female Chief Economist

Posted by - October 3, 2018

The IMF appointed Harvard professor Gita Gopinath as its next chief economist, making her the first woman appointed to the prestigious role. Gopinath will replace Maurice Obstfeld, who announced in July that he’ll retire at the end of this year. The appointment comes as the Washington-based fund grapples with issues such as a surge in

Ghana’s “growth prospects strong” – IMF

Posted by - October 3, 2018

The International Monetary Fund (IMF) has said Ghana’s growth prospects remain strong. The verdict by the IMF follows a team visit by its staff to Ghana led by Annalisa Fedelino, from 17 – 27 September 2018, to conduct the seventh review of Ghana’s economic programme supported by the Extended Credit Facility (ECF). The discussions focused