Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the onset of the Covid-19 pandemic and the war in Ukraine. To prevent Accra from defaulting on its debt, the International Monetary Fund (IMF) on Wednesday approved a $3 billion loan in exchange for austerity measures.
Ghana is finally getting some breathing room. The International Monetary Fund (IMF) approved a three-year, $3 billion loan on May 17 to get the West African country out of its worst economic crisis in decades.
