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financial news

IMF and Ghana expected to reach staff-level agreement by Tuesday

AdminManager By AdminManager
09 Dec 2022
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IMF and Ghana expected to reach staff-level agreement by Tuesday ©The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
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ACCRA, Dec 9 (Reuters) - The International Monetary Fund (IMF) and Ghana are expected to reach a staff-level agreement on a loan deal by Tuesday at the latest, said three sources with knowledge of the ongoing talks.

The IMF did not respond to a request for comment. A spokesperson for Ghana's finance ministry said they could not comment beyond that the negotiations were ongoing.

Two sources said that the IMF program was expected to be an extended credit facility, which provides financial assistance to countries with drawn out balance of payments issues.

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Source: Reuters



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