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Sunday, December 15, 2024

Ghana will not quit IMF deal but wants changes, says president-elect

Ghana’s President-elect John Dramani Mahama has said he will not abandon the country’s $3 billion rescue package with the International Monetary Fund, but wants to review the deal to tackle wasteful state spending and upgrade the energy sector.

Mahama, a former president who won the Dec. 7 election by a wide margin, told Reuters late on Friday he would also seek to tackle inflation and currency depreciation to mitigate a cost-of-living crisis in the West African nation.

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