Tag: rapid credit facility
The International Monitory Fund executive board approved US$491.5 million under the Rapid Credit Facility, to help Uganda address the economic impact of the COVID-19 pandemic. Moreover, According to Uganda Electricity Transmission Company Limited there has been a marginal drop of in demand for electricity by 10 per cent since the country went into lock-down in March. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.
The Executive Board of the International Monetary Fund has approved one billion dollars for Ghana to address the COVID-19 pandemic. The funds will be drawn under the Rapid Credit Facility. Samuel Kofi Ampah, Head of Research at Groupe Nduom joins CNBC Africa to discuss the growing implications of the COVID-19 pandemic on Ghana’s economy.
The International Monetary Fund has approved the payment of funds to a number of African countries such as Ghana, Senegal and Mozambique, under the Rapid Credit Facility which is set to help countries deal with the impact of the COVID-19 pandemic. Ridle Markus, Africa Strategist at ABSA Corporate and Investment Banking joins CNBC Africa for more.