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Saturday, 17th November 2018
6:57:30pm

Economy

Articles related to economy

Ghana says on track to exit IMF bailout

Ghana is on track to exit its almost $1.0bn bailout programme with the International Monetary Fund by the end of the year, finance minister Ken Ofori-Atta said on Thursday.

"We are now on course to exit the IMF programme by the end of this year," he said in a speech to parliament presenting the 2019 budget proposal.

"We are grateful to the IMF and…

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World Bank scraps plan to loan Tanzania $300 mln - official

The World Bank has scrapped a plan to loan Tanzania $300 million after the country reaffirmed its policy of banning pregnant girls from school and recently made it a crime to question official statistics, a bank official said on Wednesday.

The Washington-based lender decided against presenting the education program related to the loan to its board…

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IMF sees Namibia’s GDP contracting in 2018

The International Monetary Fund (IMF) projects that Namibia’s GDP will contract in 2018, pushing out its forecast for growth to next year when it sees support from strong mining production and a rebound in construction activities.

Namibia’s economy is forecast to contract 0.2 percent this year, down from a previous forecast of 1 percent growth, due…

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Zimbabwe's inflation at highest in a decade as dollar shortage bites

Inflation in Zimbabwe soared last month to its highest level since 2008, official data showed on Tuesday, after a severe dollar shortage led to a surge in prices of food, drinks and clothes.

The annual inflation rate shot up to 20.85 percent in October, statistics agency Zimstat said, from 5.39 percent in September after the dollar shortage led to…

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Zimbabwe sees 2019 budget deficit at 4 percent of GDP

Zimbabwe wants to reduce its budget deficit to 4 percent of gross domestic product in 2019, down from an 11.1 percent forecast this year through various expenditure cuts, Finance Minister Mthuli Ncube said on Thursday.

The deficit widened after President Emmerson Mnangagwa’s government cranked up spending by increasing public sector salaries and…

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