Source: ABC News
“The International Monetary Fund’s executive board has approved a long-awaited $3 billion bailout for Ghana in hopes of combating the country’s economic crisis. The arrangement will allow for the immediate release of $600 million, with the remaining funds to be made available over the course of the next three years, the IMF said in a statement Wednesday. Facing soaring inflation, high debt and a weakening currency, Ghana’s government began negotiations with the IMF last July for a bailout package.” (05/18/23)