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Vol 55 No 20

Published 10th October 2014


Finding the funds

Accra's economic team is set to resume negotiations for a three-year programme with the International Monetary Fund after the IMF's annual meetings on 10-12 October. Prospects for a deal have been complicated by a statement from President John Dramani Mahama that Ghana would struggle to agree to the IMF's demand for a three-year freeze in public sector wages. He said there would have to be adjustments for inflation, now running at some 14%. Elections are due in 2016 and civil servants are a key constituency for Mahama's National Democratic Congress.

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