
Audio By Carbonatix
International Monetary Fund (IMF) is warning of some challenging times for Ghana in terms of earnings from the export of commodities in the coming months.
This was contained in the Fund's Report on Economic Outlook for the region launched in Accra on Wednesday.The Fund is basing its prediction on the expected drop in commodity prices as a result of the Eurozone crisis.The crisis has made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties.The situation would affect demands for commodities from Ghana and other African countries by some European countries, the IMF says.Antoinette Sayeh, Director of IMF Africa Department, is therefore advising Ghana to replenish its buffers to enable the country deal with the shocks that will come along the way.She said although Ghana is developing well, it still has fiscal challenges due to its 2012 fiscal deficits. She therefore urged government to work hard to reduce its financial deficits.
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.
Tags:
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
-
Ahiagbah urges government to complete Afari Military Hospital, says project 98% done
3 minutes -
Former Nigerian oil minister Diezani Alison-Madueke acquitted of bribery after 13-year UK probe
4 minutes -
UK law enforcement destroyed my reputation and integrity, ex-Nigerian oil minister tells BBC
10 minutes -
Presidency to determine eligibility for siren use by government appointees
18 minutes -
Interior ministry overhauls firearm licensing system, introduces mental health and drug tests for applicants
31 minutes -
Interior Minister suspends all active gun licenses in Ghana, orders fresh screening
38 minutes -
Interior Ministry to publicly destroy seized weapons on July 9 as gun amnesty ends
46 minutes -
Scrip T drops visuals for new single “Am Ghosting”
58 minutes -
NSA trial: Witness admits no evidence backing claim Ghana Card was used to register company linked to Gifty Oware-Mensah
1 hour -
The parking lot is not a stage; stop gifting cars to children in school
2 hours -
IFRIG leads Ghana delegation to Malaysia for non-interest banking and Islamic finance training
2 hours -
Wealthy Ghanaians urged to help decongest KATH as philanthropist clears GH¢60,000 bills for 16 patients
2 hours -
Amanano Community Bank records historic GH¢19.2m profit, unveils expansion and diaspora banking plans
2 hours -
Todays Front pages: Tuesday, June 23, 2026
2 hours -
Global initiative launched to tackle growing health impacts of climate change in low-income countries
3 hours