IMF says agrees 3-year deal with Ghana worth around $930 million

by Reuters 7 views0

The International Monetary Fund agreed a three-year concessional facility with Ghana worth around 930 million dollars.

It is also confident the deal can restore its fiscal stability, Africa Department division chief Joel Toujas-Bernate said on Thursday.

(READ MORE: Ghana expects deal with IMF by end March: President Mahama)

Ghana’s economy grew at around eight per cent for years on its exports of gold, cocoa and oil but the country faces serious macro-economic problems and the fund forecast growth under the deal at 3.5 per cent in 2015, rising to 5.0 to 6.0 per cent in 2017.