Ghana’s incoming president John Mahama said a financing program with the International Monetary Fund will limit his government’s ability to undertake immediate radical reforms, a week after voters handed him a hefty mandate to fix the nation’s crippling debt burden and high cost of living.

Ghana's President-elect John Dramani Mahama has said he will not abandon the country's $3 billion rescue package with the International Monetary Fund, but wants to review the deal to tackle wasteful state spending and upgrade the energy sector.

Ghana's President-elect John Dramani Mahama has said he will not abandon the country's $3 billion rescue package with the International Monetary Fund but wants to review the deal to tackle wasteful state spending and upgrade the energy sector.

In a significant development, the International Monetary Fund (IMF) has expressed its willingness to renegotiate Ghana’s $3 billion financing program with President-elect John Dramani Mahama’s administration.

Ghana’s president-elect John Dramani Mahama has revealed his intentions to review the loan from the International Monetary Fund, the current administration had secured. ・President-elect John Dramani Mahama plans to review the $3 billion IMF loan secured by the current administration.