The anticipated US$360 million disbursement from the International Monetary Fund (IMF) in the coming days is expected to provide a much-needed cushion to Ghana’s reserves and further augment the supply-side interventions of the Ghana cedi. This is expected to bolster the performance of the local currency in the near term. Last week, the Ghana cedi...
Tag: IMF
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Debt stock hits GH₵ 761.2bn as of July 2024; every Ghanaian owing GH₵22,076
Ghana’s debt stock has reached GH₵ 761.2 billion representing 75.7 percent of the country’s gross domestic product (GDP) as of July 2024. Compared to the same period last year, the debt stock was at GH₵587.7 billion representing 70.3 percent of GDP. This was contained in the latest Summary of Economic and Financial Data of the...