IMF to aid Fiscal Stability with US$ 1bn

Ghana reached an agreement with the International Monetary Fund (IMF) for a three-year aid deal worth around US$ 1bn aimed at restoring fiscal stability to the West African state.

The agreement is subject to approval by the IMF’s board. Ghana grew strongly for years, but the forecast for 2015 is a relatively low 3.9%. The economy is dogged by a stubborn budget deficit, a currency that fell sharply last year and inflation of 16.4%.

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