Tag: Rapid Credit Facility
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![Rapid Credit Facility vrs Extended Credit Facility; restoring Ghana’s economy after COVID-19 [Article]](https://citibusinessnews.com/wp-content/uploads/2020/04/Emma-Picture.jpg)
Rapid Credit Facility vrs Extended Credit Facility; restoring Ghana’s economy after COVID-19 [Article]
The International Monetary Fund (IMF) Executive Board on 13th April, 2020 approved the disbursement of US$ 1 billion to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence and catalyze support from other development partners. The RCF…
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COVID-19 fight: IMF acknowledges receipt of Ghana’s request for credit facility
The International Monetary Fund, IMF, has confirmed receipt of Ghana’s request to the Fund seeking financial assistance to help the country address the economic impact of the COVID-19 pandemic. Ghana has recorded 53 cases with two deaths, and the numbers are expected to rise. Schools have shut down, with public gatherings suspended for four weeks,…