US EditionIMF comes to Ghana's aid with $3 billion loan
- The International Monetary Fund has approved a $3 billion, three-year loan program for Ghana to help it overcome immediate policy and financing challenges.
- A timely debt restructuring agreement with external creditors will be essential to successfully implementing the Extended Credit Facility loan.
- The loan will help Ghana mobilize additional external financing from development partners and provide a framework for completing its debt restructuring.
18 Articles
18 Articles
IMF board approves $3 billion bailout for Ghana amid economic crisis
The International Monetary Fund’s executive board has approved a $3 billion bailout for Ghana in hopes of combating the country’s economic crisis. The IMF says the arrangement will allow for the immediate release of $600 million, with the remaining funds to be made available over the course of the next three years. Facing soaring inflation, high debt and a weakening currency, Ghana’s government began negotiations with the IMF last July. In Decem…
IMF board approves $3 billion bailout for Ghana amid economic crisis
LONDON (AP) — The International Monetary Fund’s executive board has approved a long-awaited $3 billion bailout for Ghana in hopes of combating the country’s economic crisis. The arrangement will allow for the immediate release of $600 million, with the remaining funds to be made available over the course of the next three years, the IMF said in a statement Wednesday. Facing soaring inflation, high debt and a weakening currency, Ghana’s governmen…
IMF board approves $3 billion bailout for Ghana amid economic crisis
LONDON (AP) — The International Monetary Fund’s executive board has approved a long-awaited $3 billion bailout for Ghana in hopes of combating the country’s economic crisis. The arrangement will allow for the immediate release of $600 million, with the remaining funds to be made available over the course of the next three years, the IMF said in a statement Wednesday. Facing soaring inflation, high debt and a weakening currency, Ghana’s governmen…
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