IMF and Ghana reach initial agreement on $3 billion loan

Stricken country preparing domestic debt restructuring

Ghana 5 cedi note
Bank of Ghana

The International Monetary Fund and Ghana reached a preliminary, staff-level agreement on a three-year funding package worth almost $3 billion on December 12. The loan will help Ghana meet a tangle of economic crises, from unsustainable debts to waning reserves and a wilting currency.

Stéphane Roudet, who led the IMF mission, said the programme would “restore macroeconomic stability and debt sustainability while laying the foundation for stronger and more inclusive growth”.

The preliminary

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