Ghana Elections May Test Fiscal Discipline Under New IMF Program
- Presidential elections often spur debt-fuelled spending sprees
- $3 billion bailout package is contingent on fiscal discipline
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Ghana’s presidential election next year presents a test for whether the government will stick to economic reforms outlined under a $3 billion International Monetary Fund bailout package.
The West African nation is scheduled to hold elections in December 2024. That’ll be midway through the three-year program approved last month that provided an immediate disbursement of $600 million, with further payments to be made subject to regular reviews by the fund.