13
Dec
The International Monetary Fund (IMF) has reached a staff-level agreement with Ghana on economic policies and reforms to be supported by a new three-year arrangement under the Extended Credit Facility (ECF) of about US$3 billion. According to the IMF, the authorities’ strong reform program aimed at restoring macroeconomic stability and debt sustainability while protecting the vulnerable, preserving financial stability, and laying the foundation for strong and inclusive recovery. The IMF said to support the objective of restoring public debt sustainability, the Ghanaian authorities have launched a comprehensive debt operation. In addition to a front-loaded fiscal consolidation and measures to reduce…