Ghana's IMF Deal Faces Delays as Creditors Push Back.
Ghana’s long-awaited IMF bailout is facing new delays as international creditors demand stricter repayment terms and clearer debt restructuring plans.
The $3 billion package, which was expected to boost investor confidence and stabilize the cedi, is now under review. Finance Minister Mohammed Amin Adams warned that failure to finalize the deal by August could trigger a fresh wave of inflation.
Credit rating agencies have reacted cautiously, with Moody’s placing Ghana on negative watch. Domestic markets also dipped slightly on the news, as the delay risks derailing budget implementation and public sector salary payments.
The IMF has urged Ghana to resolve creditor issues urgently, while civil society groups warn that the population cannot withstand another austerity wave.
I'm Adedayo Obadina
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