(Bloomberg) -- Ghana announced it will start talks with the International Monetary Fund to support the government’s economic program.

President Nana Akufo-Addo authorized Finance Minister Ken Ofori-Atta to start “formal engagements” after a phone conversation between the president and IMF Managing Director Kristalina Georgieva, the Information Ministry said in a statement on Friday.

Ghanaian bond prices surged after the announcement. 

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