Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » IMF says Ghana’s economy showing signs of stabilization

    IMF says Ghana’s economy showing signs of stabilization

    June 18, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *People walk on the street around Kwame Nkrumah circle in Accra, Ghana, December 2, 2016. REUTERS/Luc Gnago/File Photo

    Accra — The International Monetary Fund (IMF) said on Thursday that Ghana’s economy is showing signs of stabilization, with softening inflation, an increase in international reserves and a less volatile exchange rate.

    The IMF statement was issued at the end of a week-long visit to the country as part of regular engagements under Ghana’s $3 billion loan programme, which was approved in May.

    The West African country is seeking to restructure $20 billion of its roughly $30 billion external debt under the Group of 20’s Common Framework platform, after its finances buckled last year.

    “In discussing progress on the debt restructuring operations, we reiterated that timely restructuring agreements with creditors are essential to secure the expected benefits of the Fund-supported program,” the IMF said.

    The first formal programme review is expected this autumn, it said in the statement.

    *Maxwell Akalaare Adombila & Nellie Peyton; Editing: Leslie Adler & Jonathan Oatis – Reuters

    Follow us on twitter

    Related News

    Rivers, Bayelsa left out as FG delivers life jackets to Kwara over boat mishaps

    Israel to resume natural gas exports when military deems it’s safe, energy minister says

    Africa’s nuclear renaissance: World Bank greenlight ignites a new era

    E-book
    Resilience Exhibition

    Latest News

    FG, States, LGCs share N1.659 revenue in May 2025

    June 22, 2025

    Military efforts slash crude oil theft, as Minister hails Armed Forces

    June 22, 2025

    Nigerian Navy cracks down on oil theft, arrests 76 vessels in two years

    June 22, 2025

    Rivers, Bayelsa left out as FG delivers life jackets to Kwara over boat mishaps

    June 22, 2025

    Nigeria commits $200m to health, eyes BRICS partnerships

    June 22, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.