The president’s speech to the nation sought to reassure Ghanaians and the markets that the government can curb an economic crisis that has forced it to turn to the Fund for financial support.“No individual or institutional investor … will lose their money as a result of our ongoing IMF negotiations. There will be no haircuts,” he said, denouncing as “false rumours” recent reports of a possible such restructuring.
“I cannot find an example in history when so many malevolent forces have come together at the same time,” Akufo-Addo said.
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