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Ghana: Govt Reaches Agreement With Creditors Before 2nd IMF U.S.$3 Billion Bailout Tranche
Ghanaian Times, 15 January 2024
The government has announced that it has reached an agreement with its Official Creditors under the G20 Common Framework on a comprehensive Debt Treatment under Ghana's Extended… Read more »
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Ghana: Govt Halts Payments on Most External Debt
Ghana Ministry of Finance, 19 December 2022
Ghana is today faced with major economic and financial crisis, and its attendant social challenges. In 2020 and 2021, the covid-19 pandemic negatively impacted our fiscal and… Read more »
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Ghana: President Reassures Ghanaians Over Talks With IMF
allAfrica, 31 October 2022
President Nana Akufo-Addo has defended his government's decision to seek a U.S. $3 billion bailout from the International Monetary Fund to help overcome the country's economic… Read more »
Ghana Govt Meets With Creditors, Next IMF Bailout In Sight
Ghana has, as part of its Extended Credit Facility programme with the International Monetary Fund (IMF), reached an agreement with its Official Creditors under the G20 Common Framework, writes Kingsley Asare for Ghanaian Times.
This paves the way for the IMF Executive Board to approve the first review of the Fund-supported programme to allow for the second tranche of IMF financing of US$600 million to be disbursed under the three-year U.S.$3 billion deal.
Ghana's economic slump worsened in 2022, with the impact of Covid-19 and the war between Russia and Ukraine.
Compiled by Esther Rose for AllAfrica.
InFocus
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The clinching of the U.S.$3 billion Extended Credit Facility with the International Monetary Fund will help bring Ghana back on the path of growth, macroeconomic stability and debt ... Read more »
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The country has suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt, a week after a U.S. $3 billion agreement with the International ... Read more »
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"We are in a crisis, I do not exaggerate when I say so. I cannot find an example in history when so many malevolent forces have come together at the same time. But, as we have ... Read more »
