Ghana Leader Sees IMF Program Restoring Confidence in Economy

Ghana’s program with the International Monetary Fund will help to restore investor confidence in the economy that slid into a debt crisis last year due to years of overspending, the country’s leader said.

Access to the IMF facility “will not spell the immediate end” of the difficulties the country is in presently but will lead to a reopening of the avenues that have closed to the nation in the past one and a half years, President Nana Akufo-Addo said in a televised broadcast Sunday night.