The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on economic policies and reforms to conclude the first review of the country’s three-year programme under the Extended Credit Facility. This agreement is subject to approval by the IMF’s Executive Board and receipt of necessary financing assurances. The …
Read More »IMF Presses Ghana To Stop Borrowing From Its Central Bank
The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter. The IMF wants the two entities to sign a commitment to zero financing, said the people who asked not to be identified because they’re not authorized to …
Read More »IMF And Ghana Reaches Staff-Level Agreement On A $3bn, 3 Years Extended Credit Facility
The International Monetary Fund staff and government have reached a Staff-Level Agreement on economic policies and reforms to be supported by a new three-year arrangement under the Extended Credit Facility (ECF) of about $3 billion. According to a statement from the fund, the government strong reform programme aimed at restoring …
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