Ghana’s struggling economy: Can IMF-backed deal help it recover?
Ghana has reached an agreement in principle with two bondholder groups to restructure some $13bn of international debt last month, marking a key step in the country's economic recovery under an International Monetary Fund (IMF) loan deal. But the months-long deadlock in negotiations in the run up to the deal has badly hurt Ghana’s currency and plunged the country in a cost-of-living crisis.
Ghana has reached an agreement in principle with two bondholder groups to restructure some $13bn of international debt last month, marking a key step in the country's economic recovery under an International Monetary Fund (IMF) loan deal. But the months-long deadlock in negotiations in the run up to the deal has badly hurt Ghana’s currency and plunged the country in a cost-of-living crisis.
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