BoG’s Addison: Ghana agrees to end monetary financing
Governor says MoU with finance ministry “has been finalised”, and IMF deal will come by end of May
The Bank of Ghana has signed a memorandum of understanding (MoU) with the government to halt monetary financing.
‘“The MoU has been finalised and signed,” governor Ernest Addison told Central Banking today (May 2). The Financial Times first reported its existence on May 1.
The MoU will enter into force once the International Monetary Fund greenlights a pending loan for Ghana, Addison tells Central Banking. Fund staff and the Ghanaian authorities reached a preliminary agreement on the three
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