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Ghana to Seek More IMF Funding, Says New Finance Minister Pick
January 10, 2025
Ghana’s new finance minister pick, Cassiel Ato Forson, emphasized the commitment to securing additional financial support from the IMF and other global partners to address the nation’s financial challenges. He also stressed the importance of obtaining affordable financing sources to meet the government’s gross financial needs, indicating that formal discussions with the IMF were still pending. Under the IMF’s $3bn bailout facility in 2022, Ghana implemented reforms to rework its debt and exit default recently in October. Its program with the IMF is due to end in May-2026.
Ghana’s dollar bonds were broadly stable – its 5% 2029s were at 87.8, yielding 10.5%.
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