Accra - Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal worth around $1bn aimed at restoring fiscal stability to the West African state, a source close to the talks told Reuters.
The agreement is subject to approval by the IMF's board. Ghana grew strongly for years, but the forecast for 2015 is a relatively low 3.9%. The economy is dogged by a stubborn budget deficit, a currency that fell sharply last year and inflation of 16.4%.