Ghana beyond aid’ no longer: West Africa’s former model student forced to turn to IMF
Ghana beyond aid’ no longer: West Africa’s former model student forced to turn to IMF FRANCLISONLITE MULTIMEDIA June 01, 2023 ‘ Ghana beyond aid’ no longer: West Africa’s former model student forced to turn to IMF Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the onset of the Covid-19 pandemic and the war in Ukraine. To prevent Accra from defaulting on its debt, the International Monetary Fund (IMF) on Wednesday approved a $3 billion loan in exchange for austerity measures. Issued on: 21/05/2023 - 18:08 Modified: 21/05/2023 - 18:17 4 min A woman walks in front of closed shops in the central business area of Accra, Ghana on October 20, 2022. © Nipah Dennis, AFP Text by: Grégoire SAUVAGE Ghana is finally getting some breathing room. The International Monetary Fund (IMF) approved a three-year, $3 billion loan on May 17 to get the West African country out of its wor...