Early in the following year, the planned three-year loan is anticipated to receive IMF board approval.
In order to control its debt, regain financial stability, and assist those who are at risk from rising prices and other economic difficulties, the International Monetary Fund (IMF) agreed to grant Ghana a $3 billion loan.
Due to rising inflation and debt, the value of the Ghanaian cedi has dropped significantly since the beginning of the year.
This month, IMF representatives met with authorities in Accra to discuss policy and reform plans.
Ghana is “committed to the program and will strive towards satisfying the demands,” according to finance minister Ken Ofori-Atta, who made the statement at a news conference on Tuesday.
He said that the deal will strengthen the currency, combat price spikes, and contribute to the restoration of economic stability.
“We pray that this will be the last [support needed]. That is why the program will be that strong,” he added.
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Meanwhile, in other news, Bulldog has pleaded with Ghanaians to cease putting undue pressure on Ghanaian performers to fill the 02 Arena.
Bulldog believes that Ghanaians have no right to criticize our musicians about selling out the 02 Arena in Madison Square if Grammy Award-winning Nigerian singer Wizkid couldn’t accomplish it for his most recent performance at the Acra Sports Stadium.
This, in his opinion, is the result of Afrobeats singer Wizkid’s inability to draw enough people to fill the Accra Sports Stadium……READ MORE
Conclusion
Stay tuned for more interesting news updates.
