The Executive Board of the International Monetary Fund (IMF) on Friday approved a three-year arrangement under the Extended Credit Facility (ECF) for Ghana in an amount equivalent to SDR 664.20 million (180 percent of quota or about US$918 million) in support of the authorities’ medium-term economic reform program.
The program aims to restore debt sustainability and macroeconomic stability to foster a return to high growth and job creation, while protecting social spending.
The Executive Board’s decision will enable an immediate disbursement of SDR 83.025 million (about US$114.8 million).
Source: Peacefmonline.com
