Ghana Seeks Restored Policy Credibility Asking IMF for Help
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Ghana is seeking to restore policy credibility by asking the International Monetary Fund to help rescue its currency, Finance Minister Seth Terkper said.
The government’s plan to narrow the fiscal gap last year was too ambitious because of a shortfall in revenue, he said in an interview yesterday in Washington, where he is attending the U.S.-Africa Leaders Summit. The IMF program will include support for balance of payments, he said.