Ghana-IMF Aid Deal May Not Be Reached Until April, Fitch Says
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Ghana and the International Monetary Fund probably won’t come to an agreement on aid until April and the country will struggle to meet revenue targets next year, according to Fitch Ratings Ltd.
The world’s second-biggest cocoa producer turned to the Washington-based lender as it struggles to narrow its fiscal deficit. A target to reduce the gap to 6.5 percent of gross domestic product in 2015 from 9.5 percent is “exceptionally ambitious,” said Carmen Altenkirch, director of the sovereign group at Fitch.