Ghana asks IMF to extend loan

By Staff reporter 29 June 2017

Ghana has requested an extension to an International Monetary Fund loan that was due to expire in April 2018, according to Reuters.

Ghana has asked for an extension until December 2018.

The loan has been a major talking point since President Akufo Addo took power in January.

Large factions of the government have opposed renewing the loan, and the request to extend could indicate that growth targets outlined in the budget have not been met in H1 2017.

Ghana plans to issue $10 billion in bonds to...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up