International Monetary Fund Archives

Former Ghana Finance Minister Ken Ofori-Atta Detained in the U.S. Amid Corruption Charges

Ken Ofori-Atta, Ghana’s former finance minister, has been detained by U.S. authorities, his lawyer confirmed Wednesday. Ofori-Atta, 66, is in the United States for medical treatment but faces corruption allegations…

Africa News Now January 8, 2026

ANN West Africa

Tinubu Gives Nigerian Hope at 65Th Independence Day Speech

President Bola Tinubu has assured Nigerians that the country’s struggling economy is on the path to recovery, declaring in his Independence Day speech that “the worst is over.” Tinubu defended…

Africa News Now October 2, 2025

ANN Eastern Africa

World Bank, IMF Warn Ethiopia’s Debt Crisis

The World Bank and International Monetary Fund (IMF) have sounded the alarm over Ethiopia’s debt crisis, warning that the country’s obligations are now “unsustainable.” In a joint debt sustainability analysis…

Africa News Now September 24, 2025

ANN Central Africa

Fuel Price Hike Sparks Deadly Protests in Angola, Leaving 22 Dead and Over 1,200 Arrested

At least 22 people have been killed and over 1,200 arrested in Angola as violent protests erupted nationwide in response to a sharp hike in diesel prices. Authorities say the…

Africa News Now July 30, 2025

ANN Central Africa

Chad Secures $625 Million IMF Deal to Boost Economic Stability and Development

Chad has secured a $625 million financing agreement with the International Monetary Fund (IMF) under a new four-year Extended Credit Facility (ECF) program that will run from 2025 to 2029.…

Africa News Now July 28, 2025

African Diaspora ANN West Africa

Senegal’s President Faye Deepens U.S. Ties with Focus on Trade, Aviation, and Development

Senegalese President Bassirou Diomaye Faye concluded a series of high-level engagements in Washington, D.C., aimed at boosting Senegal’s economic partnerships and international investment footprint. On the sidelines of a formal…

Africa News Now July 11, 2025

ANN West Africa

IMF Approves $370 Million Disbursement to Ghana After Successful 4th Review

The International Monetary Fund (IMF) has approved a $370 million disbursement to Ghana following the successful completion of the fourth review of the country’s economic performance under the Extended Credit…

Africa News Now July 8, 2025

ANN West Africa

Ghana Allocates $1.4 Billion to Eurobond Repayments in 2025, Boosting Investor Confidence

The Government of Ghana has committed to spending US$1.4 billion in 2025 to meet its Eurobond debt service obligations, in line with its post-restructuring roadmap. This was confirmed by the…

Africa News Now July 7, 2025

ANN West Africa

IMF Approves $43.5M Climate Resilience Grant for The Gambia, Unlocks Additional $6.95M in Credit

The International Monetary Fund (IMF) has approved a $43.55 million grant for The Gambia under its Resilience and Sustainability Facility (RSF) to help the West African nation address climate-related economic…

Africa News Now June 23, 2025

ANN Eastern Africa

Ethiopia Projects 8.9% Growth in 2025/26 Amid IMF Reforms and Economic Strains

Ethiopia’s Finance Minister Ahmed Shide told parliament this week that the country’s economy is expected to grow by 8.9% in the 2025/2026 fiscal year—an upward revision from the earlier 8.4%…

Africa News Now June 10, 2025

ANN Southern Africa

Botswana Diamond Giant Debswana Halts Mine Operations Amid Global Market Slump

Botswana’s largest diamond producer, Debswana, has suspended operations at several of its key mines due to a sharp and prolonged decline in global diamond demand. The company—a 50-50 joint venture…

Africa News Now June 6, 2025