Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Proactive Ghana reached IMF Staff level Agreement for USD 3Bn facility

InternationalDec 13, 2022
Proactive Ghana reached IMF Staff level Agreement for USD 3Bn facility

Ghana came up with a details proposal on domestic debt restructuring last week and external debt restructuring this week, which resulted in fast-forwarding the Staff level agreement to secure a USD 3Bn facility today.

Ghana's determination not to seek the fund's help for the 17th time crumbled in July after soaring inflation spurred widespread street protests. IMF board approval of the proposed three-year loan is expected "early next year"

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