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A service for global professionals · Tuesday, February 7, 2023 · 615,666,978 Articles · 3+ Million Readers
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West Africa IMF Newswire

  • Published on 08:36 GMT

    Africa's central banks grapple with runaway inflation

    Major African central banks are maintaining a tightening stance on borrowing costs, with others raising interest rates to tackle high inflation and support their currencies. The Monetary Policy Committee of the South African Reserve Bank and The Central …

    Source: Nation Africa Kenya - Uncategorized
  • Published on 12:05 GMT

    Ghana Plans to Offer Delayed Bond Payments to Lure Pension Funds

    (Bloomberg) -- Ghana is preparing a new offer to entice local pension funds into its debt restructuring program, weeks after exempting them from participating in the plan, according to people with knowledge of the matter. Unlike other holders of cedi- …

    Source: BNN Bloomberg - Neutral
  • Published on 02:53 GMT

    Struggling to get IMF’s booster shot

    The IMF (International Monetary Fund) is a multilateral lender with a membership of over 195 countries, from advanced economies to the bottom of the economic ladder. It was created to assisting the member states who are struggling to deal with their …

    Source: Business Recorder - Neutral
  • Published on 01:42 GMT

    Central African Republic Prime Minister Hails AfDB’s Support On Capacity Building

    Posted by African Examiner African News, Featured, Latest News Monday, February 6th, 2023 (AFRICAN EXAMINER) – Prime Minister and Minister of Economic Planning and International Cooperation of Central Africa Republic (CAR), Félix Moloua has applauded the …

    Source: African Examiner - Neutral
  • Published on 02:24 GMT

    IMF Supports MOF staff to develop fiscal risk monitoring framework of state-owned enterprise

    A Mission from the International Monetary Fund (IMF), AFRICAC West 2, on the invitation of the Government of Sierra Leone, is engaging staff of the Ministry of Finance, especially those in the Fiscal Risk Management Division on addressing challenges of …

    Source: SL Concord Times - Neutral
  • Published on Feb 6, 2023

    African Games organisers urge support for Accra 2023 in face of growing calls to cancel event

    Ghana needs to push on with preparations for this year's African Games in Accra or risk wasting the money it has spent already, despite the severe economic crisis gripping the country, it has been claimed. Ghana's former President John Mahama has …

    Source: Inside the Games - Neutral
  • Published on Feb 6, 2023

    Starlink Comes to Africa - Markets and Competition

    Starlink in Nigeria (source) SpaceX Starlink Internet service will be available in several African nations in the second quarter of this year, and the price in Nigeria has been announced—$600 for the “residential” terminal and a monthly fee of $43. Is …

    Source: CircleID - Neutral
  • Published on Feb 6, 2023

    Ghana debt swap deal ‘good for you’, finance minister tells retirees

    Ghana launched a debt swap plan in December as part of attempts to address a spiralling economic crisis, but it has struggled to convince bondholders to register, in part due to a lack of clarity over its terms and concerns about profitability. Ken Ofori- …

    Source: CNBC Africa - Neutral
  • Published on Feb 6, 2023

    Ghana pensioners offered 5-year, 15% coupon bonds in debt swap

    STORY CONTINUES BELOW THESE SALTWIRE VIDEOS ACCRA (Reuters) - Ghana's finance minister said on Monday that pensioners were being offered five-year, 15% coupon bonds in a domestic debt exchange, compared to interest rates that he said currently average …

    Source: Cape Breton Post - Neutral
  • Published on Feb 6, 2023

    Ghana seeks China’s support to restructure its debt

    Ghana is seeking China to join its ongoing external debt restructuring efforts as it pushes for an IMF bailout this year. China is leading creditor to Ghana and other African countries. For Ghana to secure an IMF deal this year, it would have to …

    Source: Africa Feeds - Label Pending
  • Published on Feb 6, 2023

    Ghana withdraws huge tax claim against MTN

    MTN Group said a R13-billion tax bill it received from the Ghanaian government has been scrapped. Ghana’s decision came after “extensive and productive discussions” during a 21-day negotiation period between the West African nation’s authorities and the …

    Source: TechCentral - Neutral
  • Published on Feb 6, 2023

    Germany says ready to support Ghana’s debt restructuring efforts  

    Germany, the second largest bilateral creditor to Ghana (only after China), says it is ready to support Ghana in its ongoing debt restructuring process.   Ghana started a Domestic Debt Exchange (DDE) programme last year to restructure about 80 per cent of …

    Source: Ghana Business News - Label Pending
  • Published on Feb 6, 2023

    ‘Despite Challenges, Opportunities in Nigeria Are Immense’

    The Head of Wealth Management, Standard Chartered Bank Nigeria and West Africa, Lanre Olajide, and the bank’s Chief Investment Officer for Africa and Middle East/E & Head of Fixed Income, Currencies and Commodities Strategy, Manpreet Gill, in this …

    Source: This Day - Uncategorized
  • Published on 10:28 GMT

    Senegal: On track for world-beating growth in 2023

    The World Bank predicts that Senegal will grow by 8% in 2023, the most out of any sub-Saharan African country. The growth is largely attributed to huge oil and gas finds  in the Atlantic Ocean, with one of the projects due to come online later this year, …

    Source: African Business - Neutral
  • Published on Feb 4, 2023

    Africa: other countries looking for solutions to the debt trap

    Other African countries are expected to join Chad, Zambia, Ethiopia and Ghana in efforts to restructure debts under the so-called G20 common framework. The head of a UN panel said so. “It could be argued that there are four or five countries that are …

    Source: Breaking Latest News - Uncategorized
  • Published on Feb 4, 2023

    German Finance Minister calls on G20 to form Creditor Committee on Ghana’s debts

    The German Finance Minister, Christian Lindner, has called for a quick formation of a creditors committee under the common framework to deal with Ghana’s debt restructuring efforts. Speaking after a meeting with Ghana’s Finance Minister Ken Ofori-Atta, Mr …

    Source: Ghana Business News - Neutral
  • Published on Feb 4, 2023

    Ghana withdraws $672m back-tax demand from MTN Group

    Business News of Saturday, 4 February 2023 Source: classfmonline.com 2023-02-04 A market place with a Mobile Money vendor MTN Group Ltd, Africa’s largest wireless carrier, said a GH¢8.2 billion ($672 million) tax bill it received from the Ghana government …

    Source: GhanaWeb - Neutral
  • Published on Feb 6, 2023

    Fitch reiterates position cedi will record strong performance in 2023

    Fitch Solutions has reiterated that the Ghana cedi will record a strong performance against the US dollar in 2023. According to the UK based firm, this will come on the back of an expected boost in the country’s reserves as a result of $3 billion from the …

    Source: Myjoyonline.com - Label Pending
  • Published on Feb 3, 2023

    China must join Ghana debt restructuring effort soon, Germany's Lindner says

    By Christian Akorlie and Cooper Inveen ACCRA (Reuters) - Germany's finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly …

    Source: Investing - Neutral

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