Published 1 year ago

IMF loans Ghana $3 billion for debt bailout

Summary by Ground News

Ghana has been struggling with high public debt, rising inflation and a weakening currency. Finance Minister Ken Ofori-Atta says Ghana is committed to the program. IMF managers and board members still must approve the three-year agreement. The goal is to restore economic stability and debt sustainability, the IMF says.

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BBC News

Ghana IMF agreement: IMF staff-level reach agreement with Ghana for $3 billion bailout as cedi start dey make gains against US dollar - BBC News Pidgin

According to de IMF, dia support to Ghana dey target restoring macroeconomic stability and debt sustainability while protecting de vulnerable, preserving financial stability den laying de foundation for strong recovery.

1 year ago·United Kingdom

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Reuters

Ghana expects $3 bln IMF loan approval early in 2023

The International Monetary Fund (IMF) is poised to lend Ghana $3 billion as the African nation grapples with its worst economic crisis in a generation, Finance Minister Ken Ofori-Atta said on Tuesday.

1 year ago·United Kingdom

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Associated Press News

IMF agrees to give Ghana $3 billion debt bailout

ACCRA, Ghana (AP) — The International Monetary Fund has agreed to give Ghana $3 billion to try to get the West African nation's debt under control, restore financial stability and help people most at risk from rising prices and other economic problems.

1 year ago·United States

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abc News

IMF agrees to give Ghana $3 billion debt bailout

The International Monetary Fund has agreed to give Ghana $3 billion to try to get the West African nation’s debt under control and restore financial stability

1 year ago·United States

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The Washington Post

IMF agrees to give Ghana $3 billion debt bailout

The International Monetary Fund has agreed to give Ghana $3 billion to try to get the West African nation’s debt under control and restore financial stability

1 year ago

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