IMF Managing Director

Ghana To Get $3 Billion IMF Bailout In May – Report

Ghana To Get $3 Billion IMF Bailout In May – Report

After numerous deliberations and negotiations with the International Monetary Fund (IMF) for a $3 billion bailout, Ghana is set to secure the aid from the Fund by close of May 2023. This is according to a Graphic Business report citing sources familiar with the matter. The new development, however is as a result of government’s ability to take advantage of the goodwill of the Fund and key bilateral creditors to fast track the debt restructuring process. Reports are that, the financial assurance from the bilateral creditors, which is the last hurdle for Ghana, is due later this month [April], to pave the…
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