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
-
Wontumi chose trial over plea bargain – Deputy AG rejects NPP’s ‘political prisoner’ claim
20 minutes -
2 persons arrested for illegal mining activities close to Agenda 111 Hospital
25 minutes -
Prof. Ladé Wosornu mentors SATOC students at maiden edition of SAMP
28 minutes -
As AI reshapes education, Ghana’s future teachers are being told what technology cannot replace
30 minutes -
Wontumi appeal to challenge over 20 legal errors, including constitutional breaches – Atta Akyea
31 minutes -
BoG warns of regulatory action against Unlicensed Digital Credit Service Providers
33 minutes -
I will eventually switch from reggae and dancehall to highlife – Sugar Ranking
42 minutes -
Wontumi’s lawyers only sought an adjournment, not to move motions – Deputy AG
47 minutes -
No legal basis for Wontumi’s conviction – Atta Akyea fights back
52 minutes -
Miracles Aboagye disputes GH¢55m claim in EOCO probe
1 hour -
Kenneth Ashigbey denies influencing Wontumi trial, dismisses judge relationship claims as false
1 hour -
Egyapa Mercer offers free 2026 BECE result checking support for Sekondi constituents
1 hour -
Judges are not obliged to refer every constitutional claim to Supreme Court – Srem-Sai replies Minority
1 hour -
I was shocked to find my name on EOCO’s stop list – Miracles Aboagye
2 hours -
JICA is committed to strengthening laboratory capacity and biomedical research networks across Africa – JICA Ghana Chief Representative
2 hours