Global·NewlyNewsGH

Ghana exits IMF, but broken promises stoke fears of an 18th bailout

GH · · MyJoyOnline Ghana

Three days after Ghana formally exited the International Monetary Fund's Extended Credit Facility (ECF), the country is again hearing a familiar promise: that this bailout, the 17th in its history, will be the last. It is the third time in twelve years a sitting president has made that pledge. The previous two were broken inside a single political cycle.