Ghana receives $3bn Worldwide Monetary Fund bailout – BBC News

Ghana receives $3bn Worldwide Monetary Fund bailout – BBC News

Ghana has factual signed a novel bailout programme with the Worldwide Monetary Fund (IMF) price $3bn (£2.4bn).

Ghana, lengthy viewed as one in every of Africa’s only mosey countries, has been struggling to recuperate from the blended effects of the worldwide Covid pandemic and the war in Ukraine.

President Nana Akufo Addo admitted closing October that the nation became once “in crisis” citing “malevolent forces [that] have attain together at the identical time”.

But the opposition also blames the crisis on what it calls the “spoiled mismanagement” of the financial system – an allegation the authorities has denied.

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