An IMF mission has completed its review of Ghana’s first Policy Coordination Instrument after visiting Accra from 22 October to 4 November. The agreement still needs approval from IMF management and its Executive Board.
The Fund warned that Ghana remains exposed to swings in gold, cocoa and oil prices, large domestic debt rollovers, and pressures in the energy, cocoa and gold sectors.
To deal with falling reserves, the authorities have moved foreign exchange intermediation from the Bank of Ghana to GoldBod and raised gold sale requirements for large-scale miners.
Compiled by Sweet Melodies FM from reporting by MyJoyOnline / bne IntelliNews. Read the original report.
