Egypt has already set a fixed price for unsubsidised bread
Audio By Carbonatix
Egypt has asked for help from the IMF as the government struggles to deal with the impact of the war in Ukraine.
As the world's biggest importer of wheat, Egypt relies heavily on grain from Ukraine and Russia.
This week it set a fixed price for unsubsidised bread with the aim of controlling rising food prices due to the disruption to the wheat supply caused by the war.
Its tourism sector has also suffered a further setback, after two years of problems linked to the pandemic.
Earlier this week, the government in Cairo allowed the currency to devalue.
The IMF praised recent economic relief measures announced by the Egyptian authorities.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
GIPC hosts business forum with 54-member Japanese delegation following presidential state visit to Japan
7 minutes -
FosCel announces National Sickle Cell Fun Fair on Valentine’s Day
7 minutes -
Passengers tell of terror, screams and darkness after Spain train crash
26 minutes -
Transport unions form joint task force to curb indiscipline, ease Accra commuter woes
29 minutes -
At least 39 dead in Spain after two high-speed trains collide
34 minutes -
Hindsight: Will Ghana win the AFCON again?
38 minutes -
Power supply has been stable since June 2025 – Ashanti Regional Minister commends ECG
39 minutes -
No school will be under trees at Akatsi North by end of year – Nortsu-Kotoe
42 minutes -
Student arraigned over alleged GH¢24,849 ATM card fraud in Accra
53 minutes -
“Gold in the ground is not dead wealth”, Ghana’s proven gold reserves estimated at US$146bn – CPS
53 minutes -
Accra doesn’t have a transport problem, it has a reliability problem
55 minutes -
Accra commuters endure long queues despite transport reforms
1 hour -
“In the midst of abundant gold, we are a liquidity trap” — Prof. Alagidede
1 hour -
Kennedy Agyapong emerges frontrunner in NPP flagbearer race in new study
1 hour -
Creative Arts Agency plans highlife festival for 2026 – Gideon Aryeequaye
1 hour