21.9 C
July 15, 2020

IMF’s $1bn loan drops Friday

The $1 billion interest-free loan from the International Monetary Fund (IMF) will be transferred into Ghana’s account on Friday.

The fund will be used to mitigate the impact of the raging coronavirus disease (COVID-19) pandemic on the lives of the people and the economy.

It will be the biggest loan facility received from the IMF in Ghana’s 63-year-old history with the Bretton Woods institution.

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