February 26, 2015 / 3:33 PM / 3 years ago

IMF says agrees 3-year deal with Ghana worth around $930 million

Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo October 10, 2012. REUTERS/Kim Kyung-Hoon

ACCRA (Reuters) - The International Monetary Fund agreed a three-year concessional facility with Ghana worth around $930 million and is confident the deal can restore its fiscal stability, Africa Department division chief Joel Toujas-Bernate said on Thursday. Ghana’s economy grew at around 8 percent for years on its exports of gold, cocoa and oil but the country faces serious macro-economic problems and the Fund forecast growth under the deal at 3.5 percent in 2015, rising to 5.0-6.0 percent in 2017.

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