IMF Staff-level agreement

Should the government secure a staff-level agreement with the International Monetary Fund by December 2022, the Ghana cedi may receive a sentiment boost, the September 2022 African Markets Revealed by Standard Chartered Bank indicates. However, debt restructuring concerns may restrain foreign portfolio investment until such time of clarity on the mooted deal. In its base case scenario, Standard Chartered Bank foresees at least a staff-level agreement with the IMF for a funded programme between December 2022 and April 2023. “Our base case foresees at least a staff-level agreement with the IMF for a funded programme worth around $3.0 billion between…