The International Monetary Fund (IMF) will provide support to African countries hit by food price rises, the institution's Africa head Abebe Aemro Selassie has said.
“The surge in food prices has meant that there are a lot of people that have become food insecure.
“Global economic issues have also become difficult. Access to financing has dried up,” he told Focus on Africa, the BBC's flagship radio programme for the continent.
"Countries have been hit much worse than we expected."
Responding to criticism from listeners that the IMF imposes programmes seeking its help, Mr Abebe defended the IMF's record.
"This is not your grandfather's IMF," he said adding that solutions are not brought in from outside and African ministers know they now have agency when dealing with the IMF.
Latest Stories
-
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
21 minutes -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
41 minutes -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
43 minutes -
I’m confident posterity will judge my performance well – Akufo-Addo
54 minutes -
Syria’s minorities seek security as country charts new future
2 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
2 hours -
German police probe market attack security and warnings
2 hours -
Grief and anger in Magdeburg after Christmas market attack
2 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
3 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
3 hours -
Top 20 Ghanaian songs released in 2024
3 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
3 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
4 hours -
Kudus sights ‘authority and kingship’ for elephant stool celebration
4 hours -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
4 hours