Ghana is one of the most indebted countries on the continent, with a debt of $58 billion representing 105% of its GDP. The IMF's approval was far from being won, but the promise of its creditors, led by France and China, of a restructuring of its debt may have unblocked the situation.
After raising VAT by 2.5%, freezing hiring in the civil service, reducing the state's lifestyle, the government has committed to raising taxes. The country is expected to receive an immediate first disbursement of about $600 million.