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IMF Deal Extension

Ghana’s IMF Deal Extension

Ghana entered into a three year Extended Credit Facility (ECF) arrangement with the International Monetary Fund in 2015. The deal guaranteed Ghana a credit facility worth $918 million while the country pursued policy initiatives that would promote fiscal stability. In 2017, however, the Akufo-Addo government decided to extend the deal to April 2019. Why did the government decide to extend it when it had made suggestions to the contrary? More importantly, what were the economic problems the country faced that necessitated the initial deal to begin with?
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The next economic downturn

The Next Global Economic Downturn

The date is 2020. This has been on the lips of economic analysts for the better part of 2018. Ever…
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china africa romance

China’s Romance with Africa

Over the past few years, many western reactions to China's increased involvement in Africa has been one of suspicion. Some…
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Understanding Financial Securities – Bonds

Bonds are loans given to corporations or governments to be paid after a stated period of time at a given…
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Understanding Financial Securities – Fixed Income

Nulla quis libero at est venenatis tempor. Etiam nunc velit, fringilla et quam et, bibendum blandit mauris. Nunc a purus…
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IMF Deal Extension

Ghana’s IMF Deal Extension

Ghana entered into a three year Extended Credit Facility (ECF) arrangement with the International Monetary Fund in 2015. The deal…
READ MORE