IMF approves US$3b loan for Ghana ...Middle East

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ACCRA: The International Monetary Fund (IMF) executive board on Thursday approved a US$3 billion Extended Credit Facility for Ghana to help the country address its current economic crisis, reported Xinhua.In a statement, the IMF said the decision would enable an immediate disbursement of about US$600 million 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 pre-existing fiscal and debt weaknesses.The statement said the Ghanaian government’s reform programme would focus on restoring macroeconomic stability and debt sustainability while implem

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