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)

Ghana's currency appreciated after reaching IMF Staff level agreement for USD 3Bn loan and currency

InternationalDec 18, 2022
Ghana's currency appreciated after reaching IMF Staff level agreement for USD 3Bn loan and currency

Ghana’s domestic currency cedi appreciated substantially after they reached IMF staff-level agreement to obtain a USD 3Bn loan. Ghana has not yet defaulted on its debt but preemptively request IMF support resulting in currency gains.

The cedi has rallied substantially in the last few days, the biggest advance among about 150 currencies tracked by Bloomberg. That’s a turnaround for an exchange rate that had lost half of its value this year.

On December 5, 2022, the government clearly defined the parameters of Ghana’s debt exchange program and outlined the debt restructuring plan.

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