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Vol 64 No 1

Published 5th January 2023


Ghana

Ructions over debt deal hold up IMF bailout

Political fights over where the cuts should fall are testing finance minister Ofori-Atta's staying power and may prolong the crisis

The speed at which the IMF and finance minister Ken Ofori-Atta's treasury team agreed a provisional deal for a US$3 billion bailout in mid-December after intensive talks and number-crunching points to the depth of the financial crisis in Ghana, and the risk of contagion in what was one of the region's strongest and more diversified economies.

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