Ghana: IMF Approves Third $116.2m Disbursement
IMF Podcasts, October 4, 2016
Source details
- Canonical URL
- Ghana: IMF Approves Third $116.2m Disbursement
Other formats
Bibliographic details
- Published: October 4, 2016
Program context and disbursement
- The IMF board approved another US$116m under a 3-year program known as the Extended Credit Facility.
- Under the arrangement, Ghana could receive more than US$900m if all targets are met.
- Date of publication: October 4, 2016.
Economic developments and indicators
- Ghana’s economy took a turn for the worse in 2012.
- Despite slump in commodity prices, Ghana’s 2015 current account deficit was lower than expected at 7.5% of GDP.
- The podcast highlights recovery efforts and program support aimed at stabilizing the economy.
IMF mission chief comments
- Joël Toujas-Bernaté, IMF mission chief for Ghana, says the country is making good progress under the program.
Podcast production and contributors
- Host/producer: Bruce Edwards, International Monetary Fund.
- Additional producer: Rhoda Metcalfe, independent journalist and audio producer.