Akufo-Addo: Government Plans ‘Disciplined Approach’ With IMF Loan1 min read
President Nana Akufo-Addo said on Wednesday government was planning a “very disciplined approach” in implementing the International Monetary Fund’s loan programme.
The IMF’s executive board last week approved a $3 billion loan over three years for the African country, with an immediate disbursement of about $600 million.
Akufo-Addo told Qatar’s economic forum organised by Bloomberg that Ghana was committed to “rationalisation of expenditure” and the IMF’s programme would allow his government to tap international debt markets.
When asked about the possibility of bartering gold for oil, he said “that’s happening already, that’s very much on the table, and it’s helping”.
