Government is hopeful that this year economic activities will rebound with a projected real GDP growth of 5.4 percent — despite the International Monetary Fund, which is helping in management of the economy under a three - year Extended
Credit Facility programme, lowering Ghana's economic growth in 2016 to 4.5 percent as a result of the continued fall in prices of commodities on the world market.http: / / ghanapoliticsonline.com
Next year, during the run up to the 2016 general elections, Ghana will reach the mid point of its three year Extended
Credit Facility programme with the International Monetary Fund (IMF).
Even though the current outgoing administration could not reap the full benefits of the three - year US$ 918 million Extended
Credit Facility programme, the Akufo - Addo - led administration is likely reap the fruits of the programme, Dr. Mensah told the B&FT.
Not exact matches
from the International Monetary Fund (IMF), led by Joël Toujas - Bernaté, visited Ghana from April 27 - May 11, 2016, to conduct discussions on the third review of Ghana's financial and economic
programme supported by the IMF's Extended
Credit Facility (ECF).
Various
credits and inputs support
facilities are available under the
programme.
Given the negative impact of the build - up of arrears on the economy, Government committed to an arrears clearance
programme in line with the International Monetary Fund's (IMF) Extended
Credit Facility (ECF) arrangement with the Government of Ghana.
Government, in collaboration with the Association of Ghana Industries, has also arranged a Suppliers
Credit Facility for $ 2 billion from China to provide equipment, machinery and other
facilities in support of the
programme.
By initiating an active / systematic repurchase
programme now — to ultimately result in a full utilization of TLI's
credit facility, by 2015 — management can return capital & enhance NAV, while still preserving financial flexibility.