IMF boss

IMF Boss Hails Akufo-Addo’s Economic Reforms, COVID-19 Fight
16 Jan

IMF Boss Hails Akufo-Addo’s Economic Reforms, COVID-19 Fight

CUD Wontumi0 CommentsBusiness, , ,
IMF Managing Director Kristalina Georgieva has commended former President Nana Addo Dankwa Akufo-Addo for his administration’s economic reforms and adept handling of the COVID-19 pandemic. In a letter marking the end of his tenure, Georgieva praised the proactive measures undertaken by Akufo-Addo’s government, which she described as essential for mitigating the pandemic's impact and maintaining macroeconomic stability. She acknowledged the administration’s collaboration with the IMF, highlighting its role in strengthening Ghana’s economic resilience. Georgieva also credited Akufo-Addo’s advocacy for sub-Saharan Africa during the pandemic for mobilizing critical resources. The successful third review of the IMF-supported program and progress toward restoring…
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Interest Rates Likely To Fall Significantly – IMF
11 Apr

Interest Rates Likely To Fall Significantly – IMF

wontumionlineBusiness,
Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast. The International Monetary Fund (IMF) said increases in borrowing costs are likely to be “temporary” once high inflation is brought under control. The Bank of England has been raising interest rates since December 2021, taking them from 0.1% to 4.25%. This has raised mortgage payments for many homeowners. Central banks in the UK, the US, Europe and other nations have been lifting interest rates to combat the rate of price rises, otherwise known as inflation. In the UK, inflation…
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