- Over $444 million of IMF’s recent tranche directed to clear arrears in Ghana’s energy sector.
- Ghana maintains strong reserves and stability despite economic pressures, with strategic adjustments in monetary policy to support banking sector liquidity.
Ghana’s Central Bank Governor, Dr. Ernest Addison, highlighted the financial challenges faced by the country in the first quarter of the year, primarily due to significant debt arrears in the energy sector. During today’s monetary policy announcement in Accra, he revealed the allocation of a substantial portion of funds from the International Monetary Fund (IMF) to address these debts.
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