Ghana Targets Budget Deficit of 5.75% in 2016, IMF Says

  • Gross foreign-currency reserves fell to $3.2 billion in June
  • Current account gap forecast to narrow to 5% of GDP by 2017-18

Ghana is planning to reduce its budget deficit to 5.75 percent of gross domestic product next year as it curbs wages and reins in spending, the International Monetary Fund said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.