Ghana: IMF Approves Third $116.2m Disbursement

October 4, 2016

Drying cocoa beans in Enchi, Ghana. Despite slump in commodity prices Ghana’s 2015 current account deficit was lower than expected at 7.5% of GDP (photo: Thierry Gouegnon/Reuters/Newscom)

In This Episode

Ghana’s economy—once a model for growth in West Africa, took a turn for the worse in 2012. It’s been getting help from the IMF under a 3-year program known as the Extended Credit Facility, and the IMF board has just approved another US$116m. Under the arrangement, Ghana could receive more than US$900m if all targets are met. In this podcast, Joël Toujas-Bernaté, IMF mission chief for Ghana, says the country is making good progress.

Joël Toujas-Bernaté, IMF Mission Chief for Ghana
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Bruce Edwards

International Monetary Fund

Bruce Edwards produces the IMF podcast program. He's an award-winning audio producer and journalist who's covered armed conflicts, social unrest, and natural disasters from all corners of the world. He believes economists have an important role in solving the world's problems and aspires to showcase their research in every IMF podcast.

Rhoda Metcalfe

Journalist

Rhoda Metcalfe is an independent journalist and audio producer. Her reporting on the armed conflict in Colombia in the late 90s, as well as her work in Egypt, Turkey and South Africa has won several awards. She now produces podcasts and radio features from Washington DC and is a regular contributor to the IMF Podcast program.