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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.
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