WASHINGTON DC, July 7, 2025 - Ghana's freshly minted President John Mahama has inherited an economic minefield wrapped in an IMF lifeline. The International Monetary Fund announced Monday the release of $367 million to Ghana under its Extended Credit Facility program, bringing total disbursements to $2.3 billion—but not before delivering a scathing assessment of the previous administration's pre-election spending spree.
![Bodies of the 21 victims of the Abu Rayya family, died in a fire that ripped through their house in Jabalia camp [Abdelhakim Abu Riash/Al Jazeera]](/images/2025/07/05/gaza-story_thumbnail.jpg)
