Finance
Ghana to look beyond IMF in handling debt – Minister
Ghana to look beyond IMF in handling debt-Minister
Ghana’s Finance Minister Ken Ofori-Atta says the Ghanaian government plans not to seek International Monetary Fund (IMF) assistance in relieving its debt.
Ghana’s government March announced a raft of spending cuts to tackle inflation, reduce the deficit, restore a depreciating local currency and reassure spooked investors.
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“It’s about validating the programme we have in place and finding other ways of handling our debt without going to the fund,’’ Ofori-Atta said on Thursday in Accra
The West African gold, oil and cocoa producer saw consumer inflation rise to an 18-year record of almost 24 per cent in April despite efforts to contain price hikes and recover its debt-ridden economy.