Ghana: President seeks IMF fiscal boost

A FISCAL injection from the International Monetary Fund (IMF) would be useful to bolster the economy, Ghanaian President John Dramani Mahama said at the weekend, giving the first indication that the government might seek a loan from the lender. Speaking in an interview in New York on Sunday, Mahama said he expected to sign a three-year programme with the lender. An IMF team arrived in Ghana last week to begin talks on possible aid, though no detail has been disclosed as to whether that will entail loans or technical support. “When implementing a programme it helps to get a fiscal injection. One of the major features of our economic difficulty has been a reduction in our external reserves,” Mahama said. – Bloomberg