Audio By Carbonatix
The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six months to enable them to channel financial resources towards dealing with the coronavirus pandemic.
Burkina Faso, Chad, Central African Republic and Mozambique are among the countries that will benefit from this relief.
Others are Benin, Comoros, Democratic Republic of Congo, The Gambia, Guinea, Guinea-Bissau, Liberia, Madagascar, Malawi, Mali, Niger, Rwanda, SĂŁo TomĂ© and PrĂncipe, Sierra Leone and Togo.
Debt cancellation and relief for African countries are among measures that have been called for by advocacy groups to enable some of the most vulnerable countries in the region cope with the worsening pandemic.
Latest Stories
-
WAFU B WCLQ: Ampem Darkoa Ladies thrash Dynamique FC to reach finalÂ
35 minutes -
Chief Justice should avoid partisan political arena – Prof Kwaku Asare
40 minutes -
GMTF Administrator hails Mintah Akandoh’s support as Fund marks first year
48 minutes -
GPHA honours 410 staff for outstanding service
1 hour -
BoG slashes September FX support to $500m as GoldBod boosts dollar supply
1 hour -
GNFS rolls out automated fire compliance system
1 hour -
SOE profit at GH¢19.8bn: I call it a miracle, but it’s not operational efficiency – Dr Atuahene
1 hour -
SHS violence: Government must review discipline policy – IFEST
1 hour -
Nana Akomea leads NPP First Vice Chairman race in new poll
1 hour -
Ato Forson begins groundwork for Mahama’s $10bn New Economy agenda
1 hour -
SHS violence: Peter Anti demands intelligence-led security in schools
1 hour -
‘Presidents can’t have unfettered powers’ – Sophia Akuffo
1 hour -
Kwame Agbodza cuts Wenchi-Bole road contracts by 25km over slow work
2 hours -
Ghana’s borrowing costs plunge as inflation eases sharply – World Bank
2 hours -
Unnecessary appeals delaying justice – Sophia Akuffo calls for tighter Supreme Court limits
2 hours