GHANA: IMF DEAL PAVES ROAD TO ECONOMIC RECOVERY, EVEN WHILE DEBT TALKS STILL LIE AHEAD

   Thu, 18 May 2023

The IMF’s anticipated approval of a funded programme for Ghana will provide policy anchorage, enhance the balance of payments, mobilise additional external financing, and lay out a framework for completing its debt restructuring. However, complex and protracted negotiations with Eurobond holders and commercial creditors lie ahead in coming months. Nevertheless, Ghana’s economy is already showing signs of improvement, particular in the gold sector, even while inflation slows and the local cedi becomes the world’s best performing currency.

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