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Ghana certain to get next installment of IMF bailout

The person in charge of finances in Ghana, Ken Ofori-Atta, believes that Ghana will receive $600m as part of a financial aid package from the International Monetary Fund (IMF) by the end of the year.

In May, Ghana agreed to receive a new financial assistance plan worth $3 billion for the next three years in order to alleviate its economic difficulties.

It got $600 million at first, but the government had to do some things to get more money later.

In November, there will be a review. Ofori-Atta said the country has made progress in improving its finances and balancing payments.

The government has made the tax net bigger by adding new rules. One of these rules is that people who win money from betting or the lottery have to pay 10% of their winnings as tax. They did this to get more money, which was a requirement from the International Monetary Fund (IMF).

The IMF has stated that the economy of Ghana is getting better, because there are now more foreign reserves, the exchange rate is not changing as much, and the inflation rate is going down.

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