Just In: Ghana Reaches Staff-Level Agreement With IMF; See How Much Government Is Getting From The Agreement And Why

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The government of Ghana and the International Monetary Fund(IMF) have finally reached a staff-level agreement concerning economic reforms that will be aided by a modern three-year arrangement under the Extended Credit Facility that is worth $3 billion.

A recent statement issued via the IMF’s official website indicated that the organization was pleased to inform Ghanaians that the team has reached a staff-level agreement with the authorities of the Ghanaian government.

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The said agreement will be centered on a three-year program supported by the Extended Credit Facility agreement option which is worth a wholesome $3 billion.

This economic program will aim at restoring the marcoeconomic stability and debt sustainability of the country while building a formidable foundation for a robust and more inclusive growth system.

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