Government of Ghana makes U-Turn to International Monetary Fund (IMF) in latest news trending online.
The Ghanaian finance minister has been given the go-ahead to start formal discussions with the International Monetary Fund (IMF) to request funding for the nation, according to a statement from the ministry of information dated July 1, 2022.
As part of a larger attempt to hasten Ghana’s recovery from the obstacles brought on by the Covid-19 pandemic and, more recently, the Russia-Ukraine conflicts, engagement with the IMF will aim to provide balance of payment support, the statement claims.
Background
This news report has surprised most people who have shared their thoughts on social media about this new development. Remember how the present administration pledged to work hard enough to avoid taking out loans when they ran for office? It appears they have reversed course since then. Most Netizens have responded to this, with some being against it and others supporting it.
Government of Ghana makes U-Turn to International Monetary Fund (IMF)
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