IMF, Ghana Reach Agreement on $3bn Loan

IMF, Ghana Reach Agreement on $3bn Loan

International Monetary Fund staff and Ghana’s authorities reached an agreement on a second review of the West African country’s $3 billion loan programme, the IMF said on Friday. Banks Face Risks over 24hrs FX Positions Sell Down

Upon completion of the Executive Board review, Ghana would have access to $360 million in financing.

Elsewhere, Ghanaian Finance Minister Mohammed Amin Adam said on Saturday that the authority remains confident a deal would be reached in debt renegotiations with bondholders “at some point”, adding that a non-disclosure agreement linked to talks would expire on Monday.