An IMF team is visiting Ghana until Tuesday as the country aims to negotiate a relief package before the end of the year to help relieve its debt distress and overcome its worst economic crisis in a generation.on Monday hoping that the move would help restore macroeconomic stability.
The Bank of Ghana also said on Wednesday that it was creating a financial stability fund with a target size of 15 billion cedis to provide liquidity to financial institutions that participate fully in the debt exchange. Public debt was 467.4 billion cedis or $48.9 billion in September, of which 42% was domestic debt, according to the most recent central bank figures released last month.
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