The International Monetary Fund is ready to lend $39 million to Ghana after noting the country’s satisfactory economic performance. “Ghana’s programme implementation during the PRGF (Poverty Reduction and Growth Facility)-supported program has been satisfactory,” Takatoshi Kato, Deputy Managing Director and Acting IMF Board Chairman, said. The fund’s board also granted a waiver on a conditionality concerning the net domestic assets of the Bank of Ghana by the end of June 2006. The agency approved the $272.7 million, three-year agreement in May 2003. (Source: IMF approves US$39 million for Ghana/AngolaPress)
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