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Ghana: Financial Position in the Fund
as of December 31, 1996

Summary of IMF members' quota, reserve tranche position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and historical transactions with the IMF.

I. Membership Status: Joined: September 20, 1957;Article VIII

II. General Resources Account:SDR Million%Quota
       Quota274.00100.00
       IMF's Holdings of Currency (Holdings Rate)315.67115.21
       Reserve Tranche Position17.386.34

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation62.98100.00
       Holdings1.552.47

IV. Outstanding Purchases and Loans:SDR Million%Quota
      Contingency and Compensatory41.1315.01
      SAF Loans8.182.99
      Extended Arrangements17.926.54
      ECF Arrangements310.13113.18

V. Latest Financial Commitments:

     Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      ECF 1/  Jun 30, 1995  Jun 29, 1998164.40    54.80
      ECF 1/  Nov 09, 1988  Mar 05, 1992388.55    388.55
      EFF  Nov 06, 1987  Nov 09, 1988245.40    97.55

 1/ Formerly PRGF.

VI. Overdue Obligations and Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1997  1998  1999  2000  2001 
  Principal
120.40102.3055.4028.1024.70
  Charges/Interest
5.804.003.102.802.70
   Total
126.20106.3058.5030.9027.40

2/ The projection of charges and interest assumes that overdue principal at the report date (if any) will remain outstanding, but forthcoming obligations will be settled on time.


VII. Implementation of HIPC Initiative: Not Applicable

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):  Not Applicable

IX. Implementation of Post-Catastrophe Debt Relief (PCDR):  Not Applicable

As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.

Prepared by Finance Department

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.