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
-
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
8 minutes -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
8 minutes -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
11 minutes -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
15 minutes -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
37 minutes -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
48 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
58 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
1 hour -
Nigeria convicts 386 Islamist militants in mass trials
1 hour -
Djibouti president wins election with 97.8% of vote, state media says
1 hour -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
1 hour -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
2 hours -
Christina Koch becomes first woman to travel around the moon on Artemis II
2 hours -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
2 hours -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
2 hours