Ghana reaches $3 bn deal with IMF ...Middle East

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ACCRA: Ghana on Tuesday agreed on a $3 billion credit deal with the International Monetary Fund as part of the country’s battle to end its worst economic crisis in decades.The West Africa state is facing more than 40 percent inflation, growing debt and a sharp decline in its cedi currency since the start of the year.The IMF said Ghana’s government had committed to “a wide-ranging economic reform program” that will restore stability and debt sustainability.The three-year IMF loan agreement has yet to be approved by the fund’s board.“Reducing inflation, enhancing resilience to external shocks, and improving market confidence are also important program priorities,“ the IMF statement said.A top

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