{"id":43407,"date":"2023-05-19T17:00:21","date_gmt":"2023-05-19T17:00:21","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=43407"},"modified":"2023-05-19T16:17:23","modified_gmt":"2023-05-19T16:17:23","slug":"ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2","title":{"rendered":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the West African nation will help reset the economy and ease the economic hardship on its citizens.<\/b><\/p>\n

The long-awaited bailout approved by the IMF to aid the government\u2019s economic growth recovery plan, though \u201cfar from a magic solution wand\u201d is \u201ca crucial first step on the necessary journey of strong reforms, inclusive growth and relentless pursuit of our growth agenda,\u201d Ken Ofori-Atta, Ghana\u2019s Finance Minister, told an online briefing on Thursday.<\/p>\n

The bailout programme signed with the IMF and to be disbursed in at least six tranches over three years will cushion the economic toll on Ghanaians who have protested the spiralling increase in the prices of goods.<\/p>\n

With the first tranche of $600 million expected soon, Ernest Addison, Bank of Ghana governor, urged various sectors to support the government\u2019s economic agenda.<\/p>\n

\u201cThis is now the time to begin the work. The programme\u2019s approval is just the beginning of the real work of building Ghana better,\u201d Addison said at the briefing.<\/p>\n

The IMF said it will be monitoring the implementation of the economic programmes anchored on three principles: restoring macroeconomic stability, ensuring sustainable growth for the macroeconomy and laying the foundations for stronger and more inclusive growth.<\/p>\n

\u201cThis programme, policies and reforms together with the debt restructuring will help overcome immediate economic challenges and pave the way for a brighter future for all Ghanaians,\u201d said Stephane Roudet, the head of the IMF\u2019s mission to Ghana.<\/p>\n

While Ghana\u2019s minister of finance, Ken Ofori-Atta, and members of the IMF made the announcement in Washington, people in Accra urged the government to find solutions to deal with their most basic needs.<\/p>\n

\u201cSometimes, because of the economic crisis, I can\u2019t buy normal food,\u201d said Obed Amofa, resident of the city, who complained that while his salary remains the same, the prices of basic products keep increasing.<\/p>\n

And when consumers don\u2019t have money, the commerce suffers.<\/p>\n

\u201cThis year, everybody is complaining [that they] don\u2019t have money. When they come, they see your goods and go,\u201d commented Seth Bonney, a market seller of clothing and accessories in central Accra.<\/p>\n

\u201cI think the government should do something about it because the economy is so bad, and everybody is complaining,\u201d he added.<\/p>\n

One of West Africa\u2019s regional hubs, Ghana has been reeling from an economic crisis as a result of soaring inflation, a weakened currency and rising public debt that is gulping most of its dwindling revenue.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the West African nation will help reset the economy and ease the economic hardship on its citizens. The long-awaited bailout approved by the IMF to aid the government\u2019s economic growth recovery plan, though \u201cfar from a […]<\/p>\n","protected":false},"author":84,"featured_media":43406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,5099],"tags":[5092,5096,10751,5966,5262,429,3006,7580],"class_list":["post-43407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-ghana","tag-african-economy","tag-cocoa","tag-covid-19","tag-ghana","tag-imf","tag-ukraine"],"yoast_head":"\nGhana welcomes IMF $3bn bail out package to ease economic hardship in the country - Ghana<\/title>\n<meta name=\"description\" content=\"Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the Wes ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country\" \/>\n<meta property=\"og:description\" content=\"Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the Wes ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T17:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country\",\"datePublished\":\"2023-05-19T17:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\"},\"wordCount\":449,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"African economy\",\"Cocoa\",\"COVID-19\",\"ghana\",\"IMF\",\"Ukraine\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\",\"name\":\"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country - Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg\",\"datePublished\":\"2023-05-19T17:00:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the Wes ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg\",\"width\":1024,\"height\":538,\"caption\":\"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/ghana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/\",\"name\":\"Ghana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country - Ghana","description":"Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the Wes ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2","og_locale":"en_US","og_type":"article","og_title":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country","og_description":"Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the Wes ...","og_url":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2","og_site_name":"Ghana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-05-19T17:00:21+00:00","og_image":[{"width":1024,"height":538,"url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country","datePublished":"2023-05-19T17:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2"},"wordCount":449,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg","keywords":["Africa Press","Africa Press-Ghana","African economy","Cocoa","COVID-19","ghana","IMF","Ukraine"],"articleSection":["all news","Economy","head lines","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2","url":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2","name":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country - Ghana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/ghana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg","datePublished":"2023-05-19T17:00:21+00:00","author":{"@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Ghanian officials said on Thursday that the $3 billion International Monetary Fund (IMF) bailout approved for the Wes ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#primaryimage","url":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg","contentUrl":"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/05\/postQueueImg_1684492219.86.jpg","width":1024,"height":538,"caption":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-welcomes-imf-3bn-bail-out-package-to-ease-economic-hardship-in-the-country-2#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/ghana\/"},{"@type":"ListItem","position":2,"name":"Ghana welcomes IMF $3bn bail out package to ease economic hardship in the country"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/ghana\/#website","url":"https:\/\/www.africa-press.net\/ghana\/","name":"Ghana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/ghana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/43407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/comments?post=43407"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/posts\/43407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media\/43406"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/media?parent=43407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/categories?post=43407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/ghana\/wp-json\/wp\/v2\/tags?post=43407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}