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Ghana 'will not extend IMF bail out'


Ghana 'will not extend IMF bail out'
Ghana's President Nana Akufo-Addo says he will not extend the International Monetary Fund three-year bail out, despite civil society groups urging the government to carry on with the programme.

President Akufo-Addo came to power in January on a campaign promise of turning the country's fortunes around. Today he said he will be judged on this:

I am well aware that the success or otherwise of my administration will be judged largely on job creation."

He told journalists at an event marking his first six months in power that last Thursday he launched a $10m (£7.6m) entrepreneurship plan to help start ups.

He also noted that economic indicators are showing signs of improvement, including inflation which has reduced from 15.2% in December last year to 12.1% in June this year.


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