BoG’s Addison: Ghana agrees to end monetary financing

Governor says MoU with finance ministry “has been finalised”, and IMF deal will come by end of May

Ernest Addison
Ernest Addison (centre)
Photo: Steven Adusei

The Bank of Ghana has signed a memorandum of understanding (MoU) with the government to halt monetary financing.

‘“The MoU has been finalised and signed,” governor Ernest Addison told Central Banking today (May 2). The Financial Times first reported its existence on May 1.

The MoU will enter into force once the International Monetary Fund greenlights a pending loan for Ghana, Addison tells Central Banking. Fund staff and the Ghanaian authorities reached a preliminary agreement on the three

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