Ghana Plans IMF Talks for Help With Worst Africa Currency
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Ghana’s Finance Ministry will start talks with the International Monetary Fund as early as next week with support from the lender aimed at stemming a slide in Africa’s worst-performing currency this year.
A deal on technical support and possible financial aid may be reached by November, Deputy Finance Minister Mona Quartey said in an interview in London today. The world’s second-biggest cocoa producer may consider moving short-term debt to issuances with longer maturities to bring down borrowing costs, she said.