{"id":56298,"date":"2023-10-08T06:11:27","date_gmt":"2023-10-08T06:11:27","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-imf-agree-second-loan-payment-of-600-mn"},"modified":"2023-10-08T06:32:42","modified_gmt":"2023-10-08T06:32:42","slug":"ghana-imf-agree-second-loan-payment-of-600-mn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn","title":{"rendered":"Ghana, IMF agree second loan payment of $600 mn"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Ghana has reached agreement with the International Monetary Fund on the terms for a second payment of $600 million out of its $3-billion credit deal, the IMF said in a statement on Friday.<\/b><\/p>\n

Payment of the second portion of Ghana’s loan will come after the IMF board’s final approval and bring the total disbursed since May to $1.2 billion, the IMF said.<\/p>\n

Ghana signed a deal with the IMF in December as the country sought to shore up its public finances and better manage debt to emerge from its worst economic crisis in decades.<\/p>\n

IMF mission chief Stephane Roudet said in a statement at the end of his team’s review in Accra.<\/p>\n

Ghana will have access to about $600 million in financing once the mission’s review is approved by the board, the statement said.<\/p>\n

The country’s economic situation will be a major election campaign theme as it heads to the ballot box next year with President Nana Akufo-Addo stepping down after two terms.<\/p>\n

Several hundred opposition protesters rallied in Ghana’s capital Accra earlier this week to denounce the economic crisis, blaming it on the central bank governor’s policies.<\/p>\n

A major cocoa and gold producer, Ghana also has oil and gas reserves.<\/p>\n

But its debt load has expanded and like other sub-Saharan African nations it struggled with the economic fallout from the Covid pandemic and the Russia-Ukraine war.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Ghana has reached agreement with the International Monetary Fund on the terms for a second payment of $600 million out of its $3-billion credit deal, the IMF said in a statement on Friday. Payment of the second portion of Ghana’s loan will come after the IMF board’s final approval and bring the […]<\/p>\n","protected":false},"author":84,"featured_media":56296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,5099],"tags":[5092,5096,10757,429,3006,6624],"class_list":["post-56298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-ghana","tag-debt-crisis","tag-ghana","tag-imf","tag-loan"],"yoast_head":"\nGhana, IMF agree second loan payment of $600 mn - Ghana<\/title>\n<meta name=\"description\" content=\"Ghana has reached agreement with the International Monetary Fund on the terms for a second payment of $600 million ou ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana, IMF agree second loan payment of $600 mn\" \/>\n<meta property=\"og:description\" content=\"Ghana has reached agreement with the International Monetary Fund on the terms for a second payment of $600 million ou ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-08T06:11:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-08T06:32:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/10\/sm_1696734118.909123.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana, IMF agree second loan payment of $600 mn\",\"datePublished\":\"2023-10-08T06:11:27+00:00\",\"dateModified\":\"2023-10-08T06:32:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/10\/sm_1696734118.909123.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"Debt crisis\",\"ghana\",\"IMF\",\"loan\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-imf-agree-second-loan-payment-of-600-mn\",\"name\":\"Ghana, IMF agree second loan payment of $600 mn - 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