Ghana and Zambia race to secure IMF bailouts
By DW
23 October 2022 |
5:37 pm
Runaway inflation and soaring food prices have compelled Ghana and Zambia to seek bailouts from the International Monetary Fund. This week, traders across Ghana closed shop to protest the worsening economy.
In this article
Related
31 Oct 2022
Streets were quiet in the normally bustling heart of Accra's central business district on Wednesday as traders in the Ghanaian capital closed their shops to protest worsening economic conditions.
23 Oct 2022
Runaway inflation and soaring food prices have compelled Ghana and Zambia to seek bailouts from the International Monetary Fund. This week, traders across Ghana closed shop to protest the worsening economy.
28 Oct 2022
A majority of Ghana's ruling party parliamentarians on Tuesday asked the president to sack finance minister Ken Ofori-Atta and his deputy, in what they say is a bid to restore hope in the financial sector.
31 Oct 2022
The world's two largest cocoa producers boycott a major industry meeting in Europe over a price dispute. Also, South Africa says its government will take the lead in informing the public about any imminent threat to its territory after the US embassy issued a terror alert in Johannesburg for this weekend.
10 Nov 2022
The mass layoffs announced on Twitter have affected the newly-formed African team of the social media platform based in Ghana. However, Ghanaian lawyers are considering legal action against Twitter for violating Ghanaian labour laws.
25 Nov 2022
Richarlison scores stunner in Brazil's win over Serbia as Portugal edge thriller against Ghana. Richarlison scored a stunning brace to help Brazil defeat a stubborn Serbia 2-0 after Portugal and Switzerland secured wins earlier.
28 Nov 2022
Ghana, who lost their opening game to Portugal, are seeking their first points on Monday in a Group H match against South Korea, who kicked off with a 0-0 draw against Uruguay.
3 Dec 2022
Two more teams qualify for the World Cup last 16, meaning that there are still 13 squads looking to book their place. If you thought the matches were exciting so far, they're bound to get even tougher over the coming days. Portugal make it through with a double from Bruno Fernandes, as do Brazil despite Neymar’s absence. Plus, Cameroon come from behind in a 3-3 thriller against Serbia, while Ghana beat South Korea 3-2.
16 Dec
Ghana has reached a "staff-level" agreement with the IMF for a three-year, $3 bln loan program and, according to its finance minister, expects IMF board approval "early next year".
14 Jan
In Ghana’s Upper West region, a small startup is mounting solar-powered and cost-effective mini-grids across light-poor communities. It also distributes rechargeable solar lamps to its members.
27 Jan
Ghana has doubled its efforts to achieve universal health coverage by encouraging online registration with the National Health Insurance Scheme (NHIS). Ghanaians can now register for NHIS via a mobile app at their convenience.
20 Feb
Ghana winger Christian Atsu's remains arrived in Accra on Sunday (February 19) a day after it was announced he had been found dead under the building where he lived in southern Turkey after last week's huge earthquake.
Latest
2 hours ago
The French-speaking province has become the latest wildfires hotspot in the country. Smoke from the fires has traveled as far away as New York, significantly hindering visibility and prompting air quality alerts.
2 hours ago
The European Commission hopes that pushing ahead long-brewing trade deals with Latin American governments can boost the EU.
3 hours ago
Feminists and human rights activists in Lebanon are speaking out against attempts to impose increasing restrictions on their lives in the name of "conservative values". This follows an attack on a woman at a beach in the southern city of Sidon, when an Islamic cleric and his followers told Mayssa Hanouni she didn't have the right to wear a bathing suit there before getting violent.
3 hours ago
EU interior ministers are set to debate plans for stricter asylum rules. Will Germany throw a spanner in the works?
4 hours ago
We look at reactions and videos after the devastating Kakhovka dam collapse that marks a new turning point in the war in Ukraine. The world of golf is rocked by a merger between rival Saudi-backed LIV and PGA leagues which is heavily criticised by the Western press. And: scientists have unearthed evolutionary links to human masturbation!
4 hours ago
Infrequent periods and unexplained weight gain? It could be polycystic ovary syndrome (PCOS) — the most common hormonal disorder in women of childbearing age. Despite its high prevalence, many have never heard of it.