Ghana’s free-falling cedi and stabilise its wobbly economy| glObserver Global Economics


A cool $114 million has just found its way into Ghana’s struggling bank balance, courtesy of a new loan package with the International Monetary Fund.

Source: globserver.cn

the Bank of Ghana’s strained reserves received a boost, to the tune of $114 million, from the International Monetary Fund. It’s a tidy sum designed to shore up the rickety central bank and stabilise Ghana’s currency, the cedi, which has lost nearly 20% of its price against the dollar since the beginning of this year.

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Author: globserver

Director of Eyecom china

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