Audio By Carbonatix
The International Monetary Fund (IMF) will provide support to African countries hit by food price rises, the institution's Africa head Abebe Aemro Selassie has said.
“The surge in food prices has meant that there are a lot of people that have become food insecure.
“Global economic issues have also become difficult. Access to financing has dried up,” he told Focus on Africa, the BBC's flagship radio programme for the continent.
"Countries have been hit much worse than we expected."
Responding to criticism from listeners that the IMF imposes programmes seeking its help, Mr Abebe defended the IMF's record.
"This is not your grandfather's IMF," he said adding that solutions are not brought in from outside and African ministers know they now have agency when dealing with the IMF.
Latest Stories
-
Boundary Commission urges border residents to protect boundary pillars and support national security
1 minute -
Ghana to grow at 5.0% GDP in 2026, but faces huge investment financing gap – AfDB
3 minutes -
Deputy AG, 14 CSOs appear at Supreme Court for hearing on challenge to OSP’s prosecutorial powers
8 minutes -
Minority MPs meet Ghana High Commissioner to Canada to discuss diaspora welfare and bilateral relations
17 minutes -
GNAT threatens WASSCE boycott over detained Nyinahin SHS teacher
24 minutes -
Free SHS: Education Minister hails end of school food shortages
28 minutes -
NLA Director-General calls for a concerted effort in fight against illegal gambling
30 minutes -
74% of returned Ghanaians had overstayed visas – South Africa’s Int’l Relations Minister
33 minutes -
Ghana’s National Vaccine Institute joins WHO-backed Global Clinical Trials Forum
39 minutes -
World Bank set to approve US$300m for expansion of Ghana’s school infrastructure
40 minutes -
South Africa says investigations ongoing, no decision yet on compensation for returned Ghanaians
47 minutes -
BECE to be extended from 5 to 8 days under proposed exam timetable reform—Education Minister
51 minutes -
Betway Ghana celebrates its 10th Birthday with “IT’S YOUR TEN” campaign
55 minutes -
Discussions on xenophobia must be based on verified facts, not rumours – Lamola
1 hour -
Black Stars focused ahead of World Cup campaign – Henry Asante Twum
1 hour