Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

Ghana’s Latest Financial Crises

Somto NwanoluebySomto Nwanolue
July 1, 2022
in News
0
Amazon to Begin Recruitment of Nigerians Based in Lagos State
Share on FacebookShare on TwitterShare on Whatsapp

Ghana has revealed plans to approach the International Monetary Fund – IMF for a bailout after escalating cost of living in the country became too much. President Akufo-Addo has ordered Finance Minister, Ken Ofori-Atta to commence formal engagements together with the IMF to support the government’s economic program. The Government had confessed in the statement that they were facing a lot of challenges in the country owing to the Covid-19 pandemic and the Russia-Ukraine war crises.

Previously before this, the government declined the option of borrowing from the IMF to bail itself out. The Finance Minister, Ken Ofori-Atta additionally stated that he planned to increase the country’s resources to support the economic programs of government. However, the increased pressure on the nation’s economy, skyrocketing food prices, fuel price hikes, and recent agitations have forced the government to reconsider its stance. 

The government’s decision to begin discussions with the IMF for the economic bailout is coming after a two-day protest by the pressure group, Arise Ghana. The group, Arise Ghana had been protesting against the constant and skyrocketing fuel price hikes in the nation. According to the group, the demonstrations were a channel to voice out their grievances about the economic hardships on citizens in Ghana.

Tags: Accrafederal characterfinancial crisisghanaImf
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

A New Kind of Threat? Murder-Suicide at Ukrainian Station Raises Alarms
News

A New Kind of Threat? Murder-Suicide at Ukrainian Station Raises Alarms

October 24, 2025
After Louvre Heist, Thieves Hit Another French Museum
News

After Louvre Heist, Thieves Hit Another French Museum

October 23, 2025
US Troops on Standby In Anticioation of Massive, Coordinated Anti-Trump Protests
News

US Troops on Standby In Anticipation of Massive, Coordinated Anti-Trump Protests

October 18, 2025
Next Post
Amazon to Begin Recruitment of Nigerians Based in Lagos State

Edo lawmaker confirmed dead

Amazon to Begin Recruitment of Nigerians Based in Lagos State

Mohammed salah renews his contract at Liverpool

APC senator receives a sentence of seven years jail term for money laundering

APC senator receives a sentence of seven years jail term for money laundering

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

Naira Drops Significantly as Dollar, Euro, and Pound Soar to New Highs

4 months ago
Three Confirmed Dead, 7 Others Injured in Anambra Auto Crash

Three Confirmed Dead, 7 Others Injured in Anambra Auto Crash<

3 years ago
Kogi State Confirms Second Abduction of Always petroleum Owner

Kourtney Kardashian’s Daughter turns 10

3 years ago
Chad prohibits young girls from leaving the nation.

Chad prohibits young girls from leaving the nation.

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

NATO’s Rutte Taunts Kremlin: ‘Putin Is Out of Moves’

Driverless Cars May Kill Us All

Can Manchester United Make It Three Wins in a Row Under Ruben Amorim?

A “Shake-up” or a Purge? Tinubu Replaces Service Chiefs Amid Coup Probe

Tension in Cameroon as Opposition Leader Cries Foul Over Vote

INEC Faces Backlash as 2027 Campaign Posters Defy Electoral Ban

Trending

The Pop Culture Costumes Dominating Halloween 2025: From 'Wicked' Glamour to 'KPop Demon Hunter' Edge
Fashion & Lifestyle

The Pop Culture Costumes Dominating Halloween 2025: From ‘Wicked’ Glamour to ‘KPop Demon Hunter’ Edge  

bySomto Nwanolue
October 24, 2025
0

Halloween 2025 is shaping up to be a vibrant clash of aesthetics, where classic glamour meets internet-born...

Putin’s Man in America: Dmitriev Meets Trump Allies Amid Sanctions

Putin’s Man in America: Dmitriev Meets Trump Allies Amid Sanctions

October 24, 2025
Maryland Issued Double Payment To Workers

Maryland Issued Double Payment To Workers

October 24, 2025
NATO’s Rutte Taunts Kremlin: ‘Putin Is Out of Moves’

NATO’s Rutte Taunts Kremlin: ‘Putin Is Out of Moves’

October 24, 2025
Driverless Cars May Kill Us All

Driverless Cars May Kill Us All

October 24, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • The Pop Culture Costumes Dominating Halloween 2025: From ‘Wicked’ Glamour to ‘KPop Demon Hunter’ Edge  
  • Putin’s Man in America: Dmitriev Meets Trump Allies Amid Sanctions
  • Maryland Issued Double Payment To Workers

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com