International Monetary Fund
Ghana: History of Lending Commitments
as of January 31, 2003

The IMF lends under concessional and non-concessional arrangements or can provide outright loans. A lending arrangement, which is similar to a line of credit, is approved by the IMF Executive Board to support a country's economic and financial program. The arrangement requires the member to observe specific terms and subject to periodic reviews in order to continue to draw upon it. An outright loan is also approved by the IMF Executive Board, however, it does not require a member to observe specific terms.


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(In Thousands of SDRs)

Facility Date of
Arrangement
Expiration
Date  4/
Amount
Agreed
Amount
Drawn
Amount
Outstanding
Extended Credit Facility    May 03, 1999    Nov 30, 2002 228,800 176,218 149,465
Extended Credit Facility    Jun 30, 1995    May 02, 1999 164,400 137,000 115,080
Extended Credit Facility    Nov 09, 1988    Mar 05, 1992 388,550 388,550 0
Extended Fund Facility    Nov 06, 1987    Nov 09, 1988 245,400 97,550 0
Structural Adjustment Facility Commitment    Nov 06, 1987    Nov 09, 1988 129,858 40,900 0
Standby Arrangement    Oct 15, 1986    Oct 14, 1987 81,800 81,800 0
Standby Arrangement    Aug 27, 1984    Dec 31, 1985 180,000 180,000 0
Standby Arrangement    Aug 03, 1983    Aug 02, 1984 238,500 238,500 0
Standby Arrangement    Jan 10, 1979    Jan 09, 1980 53,000 32,000 0
Standby Arrangement    May 29, 1969    May 28, 1970 5,000 5,000 0
Standby Arrangement    May 28, 1968    May 27, 1969 12,000 12,000 0
Standby Arrangement    May 25, 1967    May 24, 1968 25,000 25,000 0
Standby Arrangement    May 17, 1966    May 16, 1967 36,400 31,400 0
Total 1,788,708 1,445,918 264,545

4/ The expiration date for outright disbursements (RFI and RCF) reflects the date the disbursement was drawn, or the date the disbursement expires, i.e., 60 days following the Board approval date. The expiration dates for arrangements under the GRA, PRGT, and RST reflect either the approved expiration date of the arrangement or the date the last disbursement takes place under the fully drawn arrangements.

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

Ghana Financial Position in the Fund