By InvestAdvocate Lagos (INVESTADVOCATE)-Ghana and the International Monetary Fund (IMF) Thursday signed a Memorandum of Understanding (MoU) to create a new Africa Regional Technical Assistance Centre (AFRITAC) in Accra, Ghana, West African Sub Region. Seth Terkper, Finance Minister of Ghana, and Ms. Nemat Shafik, Deputy Managing Director of the […]
Author: InvestAdvocate
IMF Appoints Ducharme As New Director of Statistics
By Peter OBIORA InvestAdvocate Lagos (InvestAdvocate)- Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Thursday announced the appointment of Louis Marc Ducharme as Director of its Department of Statistics. The IMF said Ducharme’s appointment will be effective in June 2013 when he succeeds Adelheid Burgi-Schmelz, who […]
Nigerian Naira Retreats Most in Two Weeks as Bank Sales Decline
Nigeria’s naira depreciated to the lowest in two weeks as investors demanded dollars after the central bank sold the least foreign currency at auctions in more than a month. The currency of Africa’s biggest oil producer retreated 0.2 percent to 158.40 per dollar by 2:51 p.m. in Lagos, Nigeria’s commercial […]
