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

Recommended Articles

Recommended Videos





Top Articles

1 Confession This is the real story behind Atta Ayi's arrestbullet
2 Galamsey Queen Angry Aisha Huang denied bail againbullet
3 Corrupt Officers BNI investigates Mahama's gov't officials over...bullet
4 Secret Recording Immigration boss hot over Aisha Huang's leaked tapebullet
5 Illegal Mining Galamsey thrived under Mahama – Prof. Marteybullet
6 Congratulations Mahama's son graduates from Universitybullet
7 Galamsey Russian, Ukrainian galamsey operators arrestedbullet
8 Crime Ex-convict arrested for armed robberybullet
9 Galamsey In Ghana Soldiers offering protection for...bullet
10 Sex Trade Fetish priestess arrested for recruiting...bullet

Top Videos

1 Video Edward Gyampana is the teenage design genius who needs your helpbullet
2 Watch Stop taking collection in churches -TB Joshua to Pastorsbullet
3 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
4 Meet "The Beast" President Obama's Cadillac that's more tank than carbullet
5 TRAGEDY Fire guts Coconut Grove Hotelbullet
6 AMERI Power Plant AMERI lacks expertise in power projects –...bullet
7 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
8 Health Alert Fufu is killing Africans - Mensah Otabilbullet
9 Kwame Nkrumah Interchange Water leaks from hole in wall...bullet
10 Video Metro Mass bus catches fire on Cape Coast-Kasoa...bullet

News