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Ghana government decides to return to IMF

Due to the recent economic problems in the country, the government decided to return to the IMF.

The International Monetary Fund (IMF) and Ghana reportedly agreed on a 3-year loan package worth $3 billion.

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In a written statement from the IMF, it was stated that the government of Ghana, which requested a loan in July, and the IMF delegation reached an agreement on the economic policies and reforms agreement to be supported by a new three-year arrangement, which includes a loan of 3 billion dollars.

The government has launched a comprehensive debt operation to support its goal of restoring the sustainability of public debt, but sufficient assurance and progress will be needed before the proposed fund-supported program can be submitted to the IMF Executive Board for approval.

“The authorities’ strong reform program aims to restore macroeconomic stability and debt sustainability while protecting the vulnerable and financial stability, while laying the foundation for strong and inclusive recovery,” the statement said. expression was used.

Ghana exited the IMF program as part of the “Ghana Beyond Aid” campaign, which it launched 3 years ago.

 

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Due to the recent economic problems in the country, the government decided to return to the IMF.

While this decision has been criticized by activists and the public, analysts believe it will help Ghana cope with the challenges.

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