What are Special Drawing Rights (SDR) and why Ghana received US$1 billion SDR from the IMF
On August 2, 2021, the Board of Governors of the International Monetary Fund (IMF) approved the allocation of SDR456.5 billion, ...
Tag: IMF
Coronavirus: Here are all the African countries that have received IMF emergency financial aid
The International Monetary Fund (IMF) has approved a total of $3, 060.14million as emergency financial aid for 24 African countries. ...
Sub-Saharan Africa faces Covid-19 economic crisis
A drop in GDP is among the economic and development impacts of the Covid-19 pandemic, a report from the IMF ...
World Bank halts Ghana’s debt repayment for 2020
The World Bank has granted a freeze to Ghana on repayment of a $500-million dollar debt. The amount represents debt ...
World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa
The World Bank Group and IMF have convened African leaders, bilateral partners, and multilateral institutions to spur faster action on ...
COVID-19 Private Sector Fund cut sod for a 100-bed facility
The Ghana COVID-19 Private Sector Fund has cut the sod for the construction of a 100-bed facility to serve as ...
World Bank to invest $160 billion in Covid-19 related projects in 100 countries
The World Bank Group (WBG) has initiated plans to establish Covid-19 related projects, worth $160 billion, in about 100 poorest ...
Five wealthy countries pledge $11.7 billion for IMF to aid poor countries
The International Monetary Fund said on Thursday that Five wealthy countries pledged to provide $11.7 billion to an IMF loan ...
IMF approves $USD1bn for Ghana to address the Covid-19 pandemic
The International Monetary Fund (IMF) has approved the disbursement of $USD1 billion for Ghana to be drawn under the Rapid ...
Covid-19 Crisis calls for Policies for Greater Resilience of Sub-Saharan Africa economies
The COVID-19 (coronavirus) outbreak has set off the first recession in the Sub-Saharan Africa region in 25 years, with growth ...