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Vol 64 No 11

Published 25th May 2023


The ruling party could benefit from its IMF U-turn

After losing a by-election, the opposition NDC is crafting its campaign on government failure ahead of next year's elections

The IMF approval of a US$3 billion bailout to support Ghana's ailing economy is being held up as a victory by the governing New Patriotic Party (NPP), but it is also an embarrassing U-turn, especially for Finance Minister Ken Ofori-Atta. A year ago, he was resisting any recourse to the fund but then lost the argument in cabinet as opposition MPs pressed for his dismissal.

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