GHANA: IMF seeks to reduce financial losses of Ghana’s cocoa sector

As part of an IMF-sponsored economic reform program, the second-largest cocoa producer will have to cut its losses from the industry regulator.

Ghana received approval this week for a three-year, $3 billion IMF bailout, with the first disbursement of about $600 million expected this week.

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Further payments will require the Ghanaian government to meet specific objectives aimed at restoring economic stability and reducing the country’s debt burden ahead of periodical IMF reviews.

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Source: TheIndependentGhana | Read More