Ghana: IMF Approves Third $116.2m Disbursement
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.
