Ghana Guarantees that No Investment will Lose Money As A Result of Continuing Discussions with the IMF.
As it works to complete a $3 billion loan agreement with the International Monetary Fund, the Ghanaian government says it is taking measures to preserve investors’ returns (IMF).
President Nana Akufo-Addo noted that excluding potential bond investor losses is a part of current discussions with the IMF.
He rebuked speculators who had asserted that the upcoming agreement with the IMF would cause investors to lose their money.
Before Ghana can be for the IMF loan, it must consent to remedial measures, including restructuring its indebtedness. The worst-performing currency in the world this year has been the cedi, which has declined by 56% versus the dollar.