Ghana concluded an IMF Extended Credit Facility, while the Bank of Ghana cut its Monetary Policy Rate.
2 reports, 2 independent
Updated Aug 3
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What happened
Ghana concluded an IMF Extended Credit Facility, while the Bank of Ghana cut its Monetary Policy Rate.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.BoG aggressively cuts policy rates in Ghana.1 source
- The NPP's record is now linked to the IMF bailout situation in Ghana, involving the party, the IMF, and Nana Akufo-Addo.Sub-event
Ghana secures IMF facility and adjusts monetary policy amid AfDB ranking.1 source
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The entities involved
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Ghana
country in West Africa
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International Monetary Fund
international financial institution
Related events
- IMF placed restrictions on the Bank of Ghana, while Mahamudu Bawumia explained policies to help Ghana navigate the economic crisis.
- Ghana is negotiating an Extended Credit Facility (ECF) program with the IMF to stabilize its finances.
- The IMF has raised red flags regarding opaque debt structures in Nigeria, concurrent with production drops caused by issues in the Niger Delta.
- The IMF assessed Nigeria's economic situation, and the federal government strengthened public finances.
- The Trades Union Congress plans to prevent the proceeding of economic arrangements tied to Ghana's IMF and World Bank reform program.