Ghana has finalised its $3 billion bailout programme with the International Monetary Fund. Refelcting on the programme, the government says it helped reduce inflation, strengthen the cedi, and improve economic growth.

Ghana sought assistance from the IMF back in 2022 as a result of rising debt, high inflation, and a weakening economy after Covid-19 as well as the war in Ukraine. The country has announced that it will now advance towards a new IMF programme called the Policy Coordination Instrument (PCI), which supports economic reforms without giving direct loans.

Joining us now to reflect on this is Dr Frank Bannor - Research Associate, Public and environmental economics Research Centre (PEERC) at the University of Johannesburg South Africa. He is also lecturer at the Ghana Institute Management and Public Administration.