Ghana Seeks Improved Terms for IMF Bailout Program
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Ghana is seeking better terms for its debt-support program with the International Monetary Fund as the parties discuss an extension of the agreement beyond an April 2018 deadline, according to a person familiar with the matter.
The government will agree to extend the deal in return for a bigger credit facility, said the person, who asked not to be named because the information isn’t public. West Africa’s second-biggest economy will take longer than planned to meet the objective of the program, the Washington-based lender said May 19.