HomeLatest NewsPresident Elect, John Mahama to renegotiate IMF deal in a bid to...

President Elect, John Mahama to renegotiate IMF deal in a bid to stabilize the economy after meeting with the United Nations coordinator

John Dramani Mahama, the president elect of the republic of Ghana has spoken about his plans for the country with the IMF.

The former president has revealed his current plans to  to review the Ghana’s  current agreement with the IMF which was negotiated by the outgoing government.

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Currently, the west African country is under a 36-month, $3 billion Extended Credit Facility with the IMF and has also signed several agreements with the World Bank, including a $250 million Ghana Financial Stability Project and another $250 million for the Ghana Energy Sector Recovery Programme.

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Incoming President Mahama while Speaking at a courtesy call by the United Nations Resident Coordinator, Charles Abani, laid strong emphasis on what he described as the importance of a partnerships that reflected the vision of his government.

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“This adjustment is crucial and will help put the new government that would be inaugurated next year on the same springboard with our development partners to begin the rebuilding of the economy and the country,” Mr Mahama stated.

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