Ghana Meets Most IMF Targets as Reforms Advance, Says Lender

Ghana met most of the targets under its program with the International Monetary Fund and is continuing to advance reforms that will promote economic stability, according to the lender.

The West African nation is exiting the almost $1 billion program it agreed to with the IMF in 2015, when years of overspending and a currency crisis prompted its debt obligations to soar. The introduction of spending limits and a clean-up of the banking industry have since helped to spur economic growth while inflation eased to a record low.