Ghana will officially exit the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) programme on Tuesday, April 2, 2019.
Dailyguidenetwork.com.gh reports that the executive board of the IMF completed the seventh and eight reviews under the Extended Credit Facility (ECF) support arrangement.
The executive board took the decision on Wednesday March 20, 2019, and made available to Ghana a cumulative amount of Special Drawing Rights (SDR) 132.84 million (about US$185.2 million).
READ ALSO: Tema and Takoradi residents cry for clean drinking water
IMF, in a news release in March 2019, stated, “Considering the authorities’ resolve to tackle difficult reforms, the executive board also approved the authorities’ request for a waiver of the non-observance of a few program targets.”
According to the release “the arrangement aimed to restore debt sustainability and macroeconomic stability in the country to foster a return to high growth and job creation, while protecting social spending.”
PAY ATTENTION: 15 Memorable Photos From The Amazing Baby Shower Of Meghan Markle
Ghana News Today: Highlights from 3 Music Awards 2019 | #Yencomgh
Use the comments section below to share your views on this story. Do you have a story to share or you have information for us? Get featured on YEN.com.gh. Message us on Facebook or Instagram