IMF Approves ESAF Loan for Ghana

The International Monetary Fund (IMF) has approved a three-year loan for Ghana under the Enhanced Structural Adjustment Facility (ESAF),1 equivalent to SDR 155 million (about US$209.4 million) to support the government’s economic reform program for 1999–2001. The loan will be disbursed in seven installments, the first equivalent to SDR 22.16 million (about US$29.9 million) and will be available immediately.

Source: GhanaWeb

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