IMF Approved Three-Billion-USD Loan For Ghana
ACCRA, May 18 (NNN-GNA) – The International Monetary Fund (IMF) executive board, yesterday approved a three-billion-U.S. dollar Extended Credit Facility for Ghana, to help the country address its current economic crisis.
In a statement, the IMF said, the decision would enable an immediate disbursement of about 600 million dollars to Ghana, adding that, the facility would support “a comprehensive reform programme” by the Ghanaian government, to tackle the deep economic crisis brought on by a combination of large external shocks and preexisting fiscal and debt weaknesses.
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