Economic Woes Of Ghana Government, IMF Agree $1 Billion Bailout Deal

Ghana reached an agreement with the IMF for a three-year aid deal, according to government sources.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal, according to government sources.

The board of the Bretton Woods institution will be presented with the agreement for approval.

The agreed amount worth around $1 billion is aimed at restoring the ailing economy whose currency is struggling to withstand the shocks of inflation.

Ghana grew strongly for years, but the forecast for 2015 is a relatively low 3.9 percent, according to Reuters.

The economy is dogged by a stubborn budget deficit, a currency that fell sharply last year and inflation of 16.4 percent.

Source: Starrfmonline

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos





Top Articles

1 Christmas Hamper Nana Addo rejects $500,000 from corporate organisationbullet
2 Francisca Oteng-Mensah 24 year old MP complains about unbearable...bullet
3 Asantehemaa's Death Funeral of Asantehemaa underway [Photos]bullet
4 Manhyia Palace One shot, several collapse at Asantehemaa’s funeralbullet
5 Asantehemaa’s Funeral Nana Afia Kobi to be buried with gold...bullet
6 Asantehemaa's Death I'm homeless; Otumfuo Osei Tutu II pays...bullet
7 Crime Ghanaian arrested with cocaine in Indiabullet
8 Corruption I'll make sure Opuni goes to jail - Kennedy...bullet
9 Ghana Armed Forces Army chief charged with pick-up theftbullet
10 Nayele Cocaine Saga Nayele Ametefe's assets...bullet

Top Videos

1 In Zimbabwe President Mugabe’s 70 year-old aide marries his 23-year-old...bullet
2 Refugee Ghanaian to lose fingers after 7-hour trek to cross US borderbullet
3 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
4 Vitiligo Enam Honya - is challenging what you think about beautybullet
5 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
6 Obinim saga We had sex only once - Obinim victims confessbullet
7 Kwame Nkrumah Interchange Water leaks from hole in wall at...bullet
8 Video Taxi driver terrified after an encounter with a ghostbullet
9 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
10 Bishop Obinim Saga Teenagers disciplined by Obinim...bullet

News