After several months of being in denial about the economic challenges the nation has been facing, the government of Ghana has finally taken a decision to invite the IMF to begin negotiations on a possible stabilisation program for Ghana. A mission from the IMF has arrived in Ghana this week to begin the negotiations. While some people believe that an IMF program may bring with it further hardships through possible cuts in government spending, elimination of consumer subsidies, downsizing of public sector employment, etc, others believe a program with the Fund might bring benefits such as balance of payments support, as well as unlocking other bilateral donor support needed to stabilize the...
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