Ghana’s central bank is printing money to help finance the government’s budget deficit, threatening to fuel inflation and weaken a currency that’s already the worst performer in Africa this year.
South Africa may miss its economic growth target this year, curbing tax revenue and leading to bigger-than-planned budget deficits, according to Standard & Poor’s and Fitch Ratings.
Ghana’s failure to narrow its budget deficit more quickly may add to debt, threatening a credit downgrade, Fitch Ratings said.
"The first time, all things going well, that we're likely to see an IMF program is April next year."
- Carmen Altenkirch on Dec 04, 2014