Ghana Asks IMF Program to Help Reverse Capital Flight, Ministry Says
- Ghana is seeking support for a three-year domestic program
- West African government had previously ruled out IMF funding
This article is for subscribers only.
Ghana will ask the International Monetary Fund to support a program aimed at improving the credibility of government policy and regaining access to capital markets.
The Enhanced Domestic Program, which would last at least three years, will also aim to restore debt sustainability and macroeconomic stability, strengthen the central bank’s monetary policy and build buffers against economic shocks, Ghana’s finance ministry said on Tuesday in an emailed statement.