Ghana: Financial Position in the Fund
as of December 31, 1998 |
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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.
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| I. Membership Status: Joined: September 20, 1957; | Article VIII |
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| V. Latest Financial Arrangements: |
| Date of | Expiration | Amount Approved | Amount Drawn | | Type | Arrangement | Date | (SDR Million) | (SDR Million) | | ECF 1/ | Jun 30, 1995 | Jun 29, 1999 | 164.40 | 137.00 | | ECF 1/ | Nov 09, 1988 | Mar 05, 1992 | 286.30 | 286.30 | | SAF | Nov 09, 1988 | Mar 05, 1992 | 102.25 | 102.25 | | 1/ Formerly PRGF. |
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| VI. Projected Payments to Fund 2/ | | (SDR Million; based on existing use of resources and present holdings of SDRs): | | | Forthcoming | | | | 1999 | 2000 | 2001 | 2002 | 2003 | | Principal |
| 55.40 | 28.10 | 24.70 | 11.00 | 15.10 | | Charges/Interest |
| 2.00 | 1.60 | 1.50 | 1.40 | 1.30 | | Total |
| 57.40 | 29.70 | 26.20 | 12.40 | 16.40 | | 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. |
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| VII. Implementation of HIPC Initiative: Not Applicable |
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| VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable |
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| IX. Implementation of Post-Catastrophe Debt Relief (PCDR): Not Applicable |
| | Prepared by Finance Department |
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