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Ghana and the IMF have struck a deal, but hard choices lie ahead

By Theophilus Acheampong, Associate Lecturer, University of Aberdeen

In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed the first tranche of US$600 million.

This is the second time in the past eight years that the country has approached the IMF. And it’s the 17th time since independence in 1957 – that’s roughly once every four years on average.

The first tranche of the latest loan…

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