Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week

EPISODE · Jul 5, 2022 · 3 MIN

Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week

from African Markets Daily · host African Markets Daily

Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week · Ghana - will hold formal talks with the International Monetary Fund on a support package. Until now, Ghana, had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency, despite analysts warning that; it is close to a debt crisis. · South Africa’s state power utility, Eskom, says it would extend daily power cuts all through the week as generation capacity shortage continues. · Leaders of the Economic Community of West African States (ECOWAS) on Sunday lifted economic and financial sanctions imposed on Mali, after its military rulers proposed a 24-month transition to democracy and published a new electoral law.

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Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week

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