US$900 million loan from IMF supports Ghana's economic recovery

A woman works in a small shop in Ghana. Photo: The World Bank/Arne Hoel

Ghana has received more than US$114 million from the International Monetary Fund (IMF) to support its economic recovery following several years of turbulence.

This is the latest disbursement from a lending arrangement that began in April 2015 which could see the West African country receiving more than US$900 million over a three-year period.

Ghana was once considered a regional model for economic growth but debt, inflation and the depreciation of its currency caused growth to decline from 8 per cent in 2012 to 3.5 per cent last year.

Bruce Edwards discusses Ghana's economic challenges with Joël Toujas-Bernaté, IMF Mission Chief for the country.

Duration: 4'45"

Filed under Today's Features.
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