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EN
Ghana’s short term prospects tied to a reliable electricity supply– IMF
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Business Day Ghana
The International Monetary Fund (IMF) has appealed to the government of Ghana to fix its electricity challenges since the country’s short term economic growth will depend on a reliable energy sector.
A new decline in commodity prices (oil, cocoa and gold) is expected to weigh on the fiscal and external balances of the government’s budget.
Conditions on international capital markets may also become less favorable, following the expected tightening of the US monetary policy.
Ghana has gone for a 918 million US dollar bailout from the IMF and a steady implementation of the program should attenuate these risks beyond 2015.
Ghana is equally resolute the country has a good case and defense, hence will secure a favorable ruling.
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