Officials in Ghana said on Friday that the government has wrapped up its International Monetary Fund bailout programme, ending a $3 billion emergency support package.<\/p>\n
Accra said it had helped restore macroeconomic stability and debt sustainability ahead of schedule.<\/p>\n
Ghana\u2019s presidency said inflation has reduced significantly, the currency has strengthened, and public debt has declined sharply.<\/p>\n
In December, President John Dramani Mahama announced the country would gradually exit the IMF programme thanks to reforms undertaken since 2024 when he start his second, but non-consecutive term in office.<\/p>\n
At the time, he described the economy as being in a fragile state, characterised by high inflation, significant youth unemployment, and a loss of investor confidence.<\/p>\n
The IMF says Ghana\u2019s programme delivered \u201csubstantial stabilisation gains\u201d including improved reserves, stronger fiscal performance, and progress in restructuring public debt.<\/p>\n
It warned, however, that maintaining the \u201creform momentum\u201d was critical to sustaining growth.<\/p>\n
Ghana will now transition to an IMF Policy Coordination Instrument which ssupports reforms and signals policy credibility to investors without providing direct funding.<\/p>\n","protected":false},"excerpt":{"rendered":"Officials in Ghana said on Friday that the government has wrapped up its International Monetary Fund bailout programme,…\n","protected":false},"author":2,"featured_media":588505,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-588504","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/588504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=588504"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/588504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/588505"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=588504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=588504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=588504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}