Tag Archives: IMF LOAN

Coronavirus: $1bn IMF loan isn’t ‘interest-free’ – Jinapor sets the records straight

Member of Parliament for Yapei/Kasawgu constituency, John Abdulai Jinapor says Ghanaians should be worried over government’s subsidization of electricity bills because there will be serious implications in the offing. The Government of Ghana told the citizenry that the International Monetary Fund (IMF) financial aid of 1 billion dollars to the country is …

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Coronavirus: Govt will access IMF’s $1bn from April 18 – Ken Ofori-Atta

Minister for Finance Ken Ofori-Atta says the IMF’s disbursement of $1 billion which is to be drawn under the Rapid Credit Facility (RCF) will be accessed from April 18, 2020. According to Ken Ofori-Atta, all paper works will be concluded this week and hopefully by the weekend government will begin …

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South Africa could seek IMF loan to fight coronavirus

South Africa has considered approaching the International Monetary Fund (IMF) and other institutions as a last resort for emergency funding to fight the coronavirus that has brought a national lockdown, the finance minister said on Sunday. “If we approach the IMF or the World Bank or the Development Bank, it …

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