IMF mission says Ghana economy rebounding

A country mission of the International Monetary Fund said on Friday that Ghana has managed its Covid-19 outbreak very effectively and its economy is rebounding with the support of strong policies.

2021-05-15 05:54:00 PM

A country mission of the International Monetary Fund said on Friday that Ghana has managed its Covid-19 outbreak very effectively and its economy is rebounding with the support of strong policies.

A country mission of the International Monetary Fund said on Friday that Ghana has managed its Covid-19 outbreak very effectively and its economy is rebounding with the support of strong policies.

He said last year's government actions to contain the pandemic also exacerbated pre-existing budget constraints and public debt vulnerabilities."The 2021 budget's recent policy pivot towards fiscal consolidation is an important step in the right direction and a difficult one in a pandemic," said Sdralevich.

VIDEO | Zuma corruption trial | Zuma's legal team wants Downer out Zuma's special plea case 'a rerun of same complaints', says Wim Trengove | News24 Bathabile Dlamini expected in court on perjury charge

Fiscal consolidation should focus around debt and debt service reduction while allowing for social, health, and development spending, he added.The West African country owes the Fund about $2 billion, including $1 billion in pandemic aid funding received in April 2020.

Ghana spends roughly half of its revenue on interest payments, with total debt rising near 80% of GDP. It has nearly $33 billion in marketable debt according to Refinitiv data, of which over $13 billion is dollar-denominated. Read more: Times LIVE »

eNCA Entrepreneurship Friday | 17 September 2021

From doing fresh fades on his stoep to opening his 50th store. Legends Barbershop was started in 2011 but its growth in the market took off in 2014.\u003Cbr /\u003E\r\nSheldon Tatchell took a stab in starting the country’s most talked-about barbershop. And what\u0026#039;s great is that he has not kept his talent to himself.\u003Cbr /\u003E\r\nLegends has a training platform for budding barbers looking to enter the industry.

Thats what India believed and look what happening. Lemme tool😷 I'm still smiling it's been so beneficial trying someone new, the step i took was more better and now I can smile to the bank, God bless you for helping the poor Jamiehenycutt BOLSONARO SEUS ELEITORES OS MILICIANOS,OS CRENTES SAFADOS E CATÓLICOS QUE APOIAM ELE, MALAFAIA,EDIR MACEDO,RR SOARES E VALDOMIRO SANTIAGO VÃO PRO INFERNO PELAS VIDAS PERDIDAS PELO CORONAVIRUS E POR TODO MAL QUE FIZERAM AOS POBRES EM VERDADE VOS DIGO VOTOU NO BOLSONARO É MALDITO