Ghana's loan programme request to go to IMF executive board by end March - president

Ghanaian President Nana Akufo-Addo, arrives at the 36th Ordinary Session of the Assembly of the African Union at the African Union Headquarters in Addis Ababa, Ethiopia February 19, 2023. REUTERS/Tiksa Negeri

ACCRA (Reuters) -Ghana is on course for IMF staff to present the organisation's executive board with Ghana's request for a loan programme by the end of the month, President Nana Akufo-Addo said on Wednesday after months of detailed talks.

The West African country, struggling with its worst economic crisis in a generation, secured a staff-level agreement with the IMF in December for a $3 billion loan, but the money's approval is contingent on it restructuring its debt of 575.7 billion cedis ($47.6 billion).