International Monetary Fund, IMF, Mission Chief for Ghana, Stéphane Roudet has said that IMF was satisfied with Ghana’s performance with respect to its programme’s targets and reform objectives as it reached a preliminary agreement.
The agreement will now need to be approved by the IMF executive board which Ghana would receive about six hundred million dollars, the second installment of the three-year bailout programme. The first six hundred million dollars was received in May.
The loan is aimed at solving the country’s economic crisis, the worst recorded in a generation, marred by soaring inflation at over forty percent a high cost-of-living crisis and huge public debt.
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