IMF Gives Ghana the Green Light! US$385m Unlocked as Inflation Hits Single Digits, Cedi Rallies, and Debt Woes Ease Under US$3bn Bailout

The International Monetary Fund’s Executive Board has wrapped up Ghana’s fifth assessment under its 39-month Extended Credit Facility, clearing the release of roughly US$385 million and lifting total funds received under the US$3 billion programme to about US$2.8 billion since its approval in May 2023, with the IMF noting that implementation has been largely positive…

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¢71 Billion Question: Boako Demands Honest Answers on Ghana’s Rising Debt

Dr. Gideon Boako, the Deputy Ranking Member of Parliament’s Finance Committee, has taken issue with the Finance Minister’s claim that pressure on the exchange rate is responsible for the recent increase in Ghana’s public debt. In a piece he titled “Double-tongued Minister for Finance,” the Tano North MP said the government is being inconsistent, arguing…

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