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Vol 63 No 21

Published 20th October 2022


Ghana

Banking on the Fund

Worries over the repercussions of a wide-ranging debt restructuring are slowing the government’s negotiations for a $3 billion credit from the IMF

The markets have turned against President Nana Akufo-Addo's New Patriotic Party (NPP) government, pushing up bond yields and eroding the value of the cedi against the dollar by 45% this year. This twist of fate must be particularly galling for what leading NPP members see as the country's most business-minded government since independence.

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