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IMF Members'
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Country




Ghana: Financial Position in the Fund
as of December 31, 1997

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

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

  II. General Resources Account:SDR Million%Quota
       Quota274.00100.00
       Fund holdings of currency (Exchange Rate)281.19102.63
       Reserve Tranche Position17.386.34

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation62.98100.00
       Holdings2.503.97

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Contingency and Compensatory17.636.43
      Extended Arrangements6.942.53
      ECF Arrangements232.4284.82

  V. Latest Financial 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
      SAF  Nov 11, 1987  Nov 09, 1988129.86    40.90
 1/ Formerly PRGF.

VI. Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1998  1999  2000  2001  2002 
  Principal
102.3055.4028.1024.7011.00
  Charges/Interest
4.303.303.103.002.90
   Total
106.6058.7031.2027.7013.90
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

Prepared by Finance Department

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