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Our global growth projections are unchanged at 3.2 percent this year and slightly higher at 3.3 percent for next year, but there have been notable developments beneath the surface since the April World Economic Outlook. Growth in major advanced economies is becoming more aligned as output gaps are closing. The United States shows increasing signs of … Read more
Our global growth projections are unchanged at 3.2 percent this year and slightly higher at 3.3 percent for next year, but there have been notable developments beneath the surface since the April World Economic Outlook. Growth in major advanced economies is becoming more aligned as output gaps are closing. The United States shows increasing signs of … Read more
Advertisement The Chief Economist at the International Monetary Fund (IMF) Pierre-Olivier Gourinchas is presenting the latest projections and assessment for the global economy at the release of the July 2024 World Economic Outlook Update. 🔴 LIVE EVENT: Chief Economist @pogourinchas presents our latest projections and assessment for the global economy at the release of the July … Read more
Advertisement Stabilising the Cedi with the cash received from the International Monetary Fund (IMF) is not sustainable, the Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwaye has said. To him, Ghana must rely heavily on its natural sources for foreign exchange to stabilise the local currency. In order to utilise … Read more
The debate over economic strategy continues to heat up, leading up to the 2024 general elections, with economic analysts suggesting that renegotiating Ghana’s $3 billion bailout programme with the International Monetary Fund (IMF) may be nearly impossible. Ghana is currently navigating a three-year Extended Credit Facility (ECF) programme, with $1.6 billion already disbursed. The country’s … Read more
Ghana’s debt restructuring deal with Eurobond holders has won the approval of the official creditor committee. The committee, representing the country’s bilateral lenders, communicated their seal of approval to the Ministry of Finance in a statement on Monday. This agreement is confirmed to be consistent with the Comparability of Treatment principle. This principle is part … Read more