Finance

Brace yourselves for more economic challenges – IMF to world leaders

The International Monetary Fund (IMF), is asking countries across the world to brace themselves for more economic challenges.

The Bretton Woods institution says global growth for next year has been pegged at 2.7 percent instead of the 6 percent expected.

But the Fund says it will do its best to protect the vulnerable and weak economies.

Managing Director of the IMF, Kristalina Georgieva speaking at the 2022 IMF spring meeting in Washington DC advised world leaders to prioritize protecting vulnerable households and businesses, which according to him are important to the economy.

“But we have to do that with physical buffers, exhaust it because of the pandemic and this environment does not support emerging marketing and development.”

“It is tough for everybody but even tougher for countries that have been hit by high dollar rates, borrowing costs, and capital inflows.”

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Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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