IMF Approves Ghana's $3 Billion Bailout

IMF Approves Ghana's $3 Billion Bailout

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses Ghana's debt restructuring efforts supported by the IMF, focusing on both domestic and external debt. It highlights the progress made with bilateral creditors and the ongoing negotiations with commercial creditors, including Eurobond investors. The impact of the program on Ghana's cocoa sector is examined, with reforms aimed at improving the financial position of Cocoa Board. The video also covers fiscal measures to achieve a primary surplus by 2024 and the political implications of the program, especially with upcoming elections. Finally, it addresses the specifics of debt restructuring and alignment with the G20 common framework.

Read more

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of Ghana's debt restructuring efforts?

To eliminate bilateral creditors

To reduce foreign investments

To increase domestic debt

To restore debt sustainability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the IMF program expected to affect the cocoa sector in Ghana?

By increasing cocoa exports

By reducing Cocoa Board's fiscal activities

By lowering cocoa prices

By expanding cocoa plantations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key fiscal measures Ghana is focusing on to achieve a primary surplus?

Increasing government debt

Reducing tax rates

Streamlining spending

Expanding public sector jobs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected outcome of the fiscal measures being implemented in Ghana?

Higher inflation rates

Increased government debt

Reduced foreign aid

A primary surplus by 2024

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the IMF view the principle of comparability of treatment in debt restructuring?

As a temporary measure

As irrelevant

As a critical aspect

As a minor consideration

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of consulting with opposition parties regarding the economic program?

To reduce public spending

To increase government control

To delay reforms

To ensure political consensus

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What framework is used to ensure comparable debt treatment among creditors?

The Kyoto Protocol

The G20 common framework

The Bretton Woods system

The Paris Agreement