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Ghana’s new finance minister pledges to keep IMF programme on track

Ghana’s new finance minister pledges to keep IMF programme on track

GHANA'S new finance minister, Mohammed Amin Adam, pledged to keep its $3 billion International Monetary Fund (IMF) programme on track as it aims to finish restructuring its overseas debt before an election in December. President Nana Akufo-Addo replaced Ken Ofori-Atta with Adam, a petroleum economist who was minister of state at the finance ministry, in a cabinet reshuffle after criticism of the ex-banker's leadership during the West African country's worst economic crisis in a generation. Ofori-Atta negotiated the IMF bailout loan to address the crisis, which saw inflation and debt servicing costs spiral upwards in 2022. He was, alongside Adam, seeking relief…
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