Audio By Carbonatix
Ghana has secured an International Monetary Fund (IMF) Executive Board approval for a USD3 billion bailout.
The approval on Wednesday, 17th May, 2023, will be capped with a formal announcement on Thursday 18th May.
This will immediately unlock USD600 million and provide the critically needed support for Ghana’s balance of payment.
We also expect the cedi to strengthen against the dollar and trigger a cascading effect on inflation. But the key question is whether the gains can be sustained. Evans Mensah breaks it all down.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Joseph Opoku’s late strike caps impressive run for Zulte Waregem
6 minutes -
Prime Insight to tackle power woes and BoG loss debate this Saturday
51 minutes -
Prince Amoako Jnr scores in Nordsjaelland draw against Brøndby
53 minutes -
US to cut troop levels in Germany by 5,000 amid Trump spat with Merz
2 hours -
Sale of gold bought between 2023 and 2024 saved Bank of Ghana from a GH¢33 billion loss
2 hours -
Kurt Okraku – A man of two versions
2 hours -
Hoshii International secures gold sponsorship for Accra 2026 African Senior Athletics Championships
2 hours -
Ghana’s growth outlook dims slightly amid US-Iran conflict – Fitch Solutions
2 hours -
BoG lost GH¢9.05bn from gold purchase programme in 2025
2 hours -
Andre Ayew was my childhood hero – Kofi Kyereh
3 hours -
Trump tells Congress ceasefire means he does not need their approval for Iran war
3 hours -
Trump says he will hike tariffs on EU cars to 25%
4 hours -
Ghana warns nationals of heavy penalties for visa overstay in Ethiopia
4 hours -
May Day: TUC expects economic growth to reflect in job security
4 hours -
Foreign Affairs Ministry warns against fake immigration stamps, cites arrests of Ghanaians abroad
4 hours