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Wednesday September 17, 2014
 
 
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IMF Arrives in Ghana as Country's Economic Decline Continues

 

InternationalBusinessTimes, Sept 17, Ghanadot - It was for years the poster boy of Africa's emerging economies, but today Ghana welcomes economists from the IMF for 10 days of meetings designed to deliver short-term financial support to the West African nation.

Having enjoyed halcyon days of political stability and economic growth upward of 8%, driven largely by offshore oil discoveries (which turned out to be less than anticipated), Ghana has been troubled in recent years by depreciation of the ceti (which lost 40% of its value against the dollar in the first eight months of 2014), rising inflation (which peaked at 15.9% in August) and rising public sector costs, with wages the biggest contributor to its 2012 public sector deficit of 11.8%...........

 

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IMF Arrives in Ghana as Country's Economic Decline Continues

InternationalBusinessTimes, Sept 17, Ghanadot - It was for years the poster boy of Africa's emerging economies, but today Ghana welcomes economists from the IMF for 10 days of meetings designed to deliver short-term financial support to the West African nation.

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THE STATE OF THE GHANAIAN ECONOMY AND THE IMPLICATIONS OF AN IMF PROGRAM - WHAT TO EXPECT…

Release, Sept 17, Ghanadot - After several months of being in denial about the economic challenges the nation has been facing, the government of Ghana has finally taken a decision to invite the IMF to begin negotiations on a possible stabilisation program for Ghana. A mission from the IMF has arrived in Ghana this week to begin the negotiations.

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