Ghana receives $3bn World Monetary Fund bailout – BBC Info

Ghana receives $3bn World Monetary Fund bailout – BBC Info

Ghana has valid signed a brand unique bailout programme with the World Monetary Fund (IMF) price $3bn (£2.4bn).

Ghana, lengthy viewed as one in every of Africa’s easiest bustle worldwide locations, has been struggling to recover from the combined effects of the global Covid pandemic and the battle in Ukraine.

President Nana Akufo Addo admitted final October that the nation became as soon as “in disaster” citing “malevolent forces [that] like attain collectively on the identical time”.

Nonetheless the opposition additionally blames the disaster on what it calls the “gruesome mismanagement” of the economic system – an allegation the authorities has denied.

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