Ghana secures USD1b IMF loan to stabilize economy
Date
2/27/2015 2:12:31 AM
(MENAFN) Ghana was able to secure a USD1 billion IMF loan to help the impoverished country to stabilize its economy, BBC reported.
The IMF is set to supply Ghana with loans worth about USD940 million in installments that begins in April 2015. The deal was sealed after months of talks by the government.
The IMF forecasts that inflation in Ghana is set to fall between 11 percent and 12 percent by the end of year 2015. Growth is set to come in at 3.5 percent in 2015.
Ghana Finance minister said the agreement is set to "make markets to react more positively" and encourage more donations.
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