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Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week
Manage episode 333597878 series 3163928
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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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