Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement – Economics Bitcoin News

by Bitcoin.com News in October, shortages of the greenback as well as Ghana’s economic troubles had fueled the cedi’s plunge, which saw it being named the world’s worst-performing currency. At the time, Ghanaian authorities reportedly pinned their hopes on a financial bailout package from the International Monetary Fund .in Al Jazeera, the IMF and Ghanaian government finally agreed on a $3 billion loan package. As part of the Dec.

Commenting on behalf of the international lending institution, Stephane Roudet, IMF’s mission chief to Ghana, reportedly said: The Ghanaian authorities have committed to a wide-ranging economic reform program, which builds on the government’s Post-COVID-19 Program for Economic Growth and tackles the deep challenges facing the country.

Roudet added that as part of the agreement, Ghana will initiate structural reforms that will “underpin the fiscal strategy and ensure a durable consolidation.”

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Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ghana extends domestic debt exchange registration deadlineGhana has extended the registration deadline for a domestic debt exchange programme to Dec. 30, as it considers making some adjustments while it seeks approval for an IMF debt relief programme, the finance ministry said in a statement overnight on Friday.
Source: Reuters - 🏆 2. / 97 Read more »