end of tunnel?

Ghana: 2023 budget presentation delayed by unconcluded IMF talks

By Jonas Nyabor

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Posted on November 21, 2022 13:35

© The International Monetary Fund (IMF) headquarters building in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas — The International Monetary Fund (IMF) headquarters building in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas

A slower than expected negotiation period for Ghana’s $3bn IMF bailout request has forced a delay of the West African country’s 2023 budget, which was due to be presented on 15 November.

The finance minister, Ken Ofori-Atta, is now targeting the end of November to deliver the crucial budget, which must address Ghana’s debt sustainability problems and lay bare the plans for halting rising inflation and the cedi’s fast depreciation.

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