Ghana secures debt deal as part of IMF loan ...Middle East

ACCRA: Ghana has reached an agreement with external creditors for a debt restructuring that was key to its $3 billion credit line with the IMF, the government and the lender said. Facing its worst economic crisis in decades, Ghana agreed to a loan from the International Monetary Fund (IMF) to help shore up its public finances and better manage its heavy debt load. Ghana’s economic outlook will be a major part of campaigning for the presidential election in December when President Nana Akufo-Addo’s New Patriotic Party will seek an unprecedented third term in office. IMF’s first review: proud moment, says Dr Shamshad Akhtar Ghana received its first $600 million tranche of the IMF loan in May

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Last updated : 13 January 2024 clock 03:29 PM

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Ghana secures debt deal as part of IMF loan ...Middle East

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