Egypt has already set a fixed price for unsubsidised bread
Egypt has asked for help from the IMF as the government struggles to deal with the impact of the war in Ukraine.
As the world's biggest importer of wheat, Egypt relies heavily on grain from Ukraine and Russia.
This week it set a fixed price for unsubsidised bread with the aim of controlling rising food prices due to the disruption to the wheat supply caused by the war.
Its tourism sector has also suffered a further setback, after two years of problems linked to the pandemic.
Earlier this week, the government in Cairo allowed the currency to devalue.
The IMF praised recent economic relief measures announced by the Egyptian authorities.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gold Fields Ghana Foundation challenges graduates to maximize benefits of community apprenticeship programme
20 mins -
GBC accuses Deputy Information Minister Sylvester Tetteh of demolishing its bungalow illegally
31 mins -
Boost for education as government commissions 80 projects
42 mins -
NAPO commissions library to honour Atta-Mills’ memory
53 mins -
OmniBSIC Bank champions health and wellness with thriving community walk
55 mins -
Kora Wearables unveils Neo: The Ultimate Smartwatch for Ghana’s tech-savvy and health-conscious users
59 mins -
NDC supports Dampare’s ‘no guns at polling stations’ directive
1 hour -
Police officer interdicted after video of assault goes viral
1 hour -
KNUST’s Prof. Reginald Annan named first African recipient of World Cancer Research Fund
1 hour -
George Twum-Barimah-Adu pledges inclusive cabinet with Minority and Majority leaders
2 hours -
Labourer jailed 5 years for inflicting cutlass wounds on businessman
2 hours -
Parliament urged to fast-track passage of Road Traffic Amendment Bill
2 hours -
Mr Daniel Kofi Asante aka Electrician
2 hours -
Minerals Commission, Solidaridad unveils forum to tackle child labour in mining sector
2 hours -
Election 2024: Engagement with security services productive – NDC
2 hours