Ghana IMF Debt Review Looks Promising

Harare — The Ghanaian government and the International Monetary Fund agreed at the staff level to the first review of a U.S.$3 billion loan program, clearing the way for a transfer of U.S.$600 million once it has received the IMF executive board’s approval.

“IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to conclude the first review of the 36-month ECF-supported program. Performance with respect to the program’s targets and reform…