Geneva, Switzerland, April 23, 2020 – The UN trade and development body today set out urgent measures needed to head off a looming debt disaster in developing countries reeling from the economic fallout from the coronavirus disease 2019 (COVID-19) pandemic.
Category: Investing
COVID-19 Blues: World Bank Predicts Sharpest Decline of Remittances in Recent History
Washington DC, U.S April 22, 2020// — Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown.
Ghana: Corruption Rocks Upper East NABCO
Accra, Ghana, April 22, 2020//-The otherwise productive initiative to minimize the joblessness in the country has within this short while become yet another milking cow for the Bawku and Regional Co-ordinators of Nation Builders Corp (NABCO) in the Upper East Region.
Four in 10 Businesses In SA Cannot Continue to Operate After COVID-19
Pretoria, South Africa, April 21, 2020/ — Staggering results of a rapid response survey conducted by Department of Statistics South Africa during the lockdown revealed that four in 10 businesses cannot continue to operate due to the COVID-19 pandemic.
Nigeria: EU Supports United Nations with Lifesaving Assistance to Fight COVID-19
Maiduguru, Nigeria, April 21, 2020/ -The United Nations (UN) today announced that it received EUR 1.2 million from the European Union (EU) for the provision of lifesaving preparedness and response activities for COVID-19 in Nigeria.
Liquidity: Managing Cash Flow When Revenue and Funding Dry Up
Johannesburg, South Africa, April 21, 2020 -/African Media Agency (AMA)/- Africa.com has convened the largest ever gathering of Africa’s CEOs, managing directors, finance directors, private equity and venture capital investors, bankers, asset managers, corporate law partners, senior executives and diplomats.
Moody’s Revises Ghana’s Economic Outlook to Negative
Accra, Ghana, April 20, 2020//-Moody’s, a global credit rating agency has revised Ghana’s economic outlook from positive to negative at the time the government is boasting of better management of the import-depended Ghanaian economy.
IMF Approves $886.2 Million to Côte d’Ivoire to Address the COVID-19 Pandemic
Washington D.C., United States of America, April 18, 2020/ — The IMF approveD the disbursement of $886.2 million to Côte d’Ivoire to be drawn under the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI).
World Bank, IMF Mobilize Partners in the Fight Against COVID-19 in Africa
Washington, USA, April 18, 2020—The World Bank Group and International Monetary Fund today convened African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries.
Will The Under-funded Ghanaian SMEs Survive The Coronavirus Crisis?
Accra, Ghana, April 16, 2020//-Walking through the principal streets of the Accra metropolis in the Greater Accra Region of Ghana, one noticeable feature is the closure of shops and offices operated by Small and medium enterprises (SMEs) and large businesses in the country.