The government has received the expected $750 million loan from Afrexim Bank.
This is part of the $2 billion loan from different sources expected by the Government to aid in the halting the free fall of the cedi.
Citi News Sources with the Ministry of Finance say the $750 million came in three tranches of $332 million, $187 million and 193 million euros.
The amount has since been transferred to the Bank of Ghana for a cedi equivalent to help shore up the central bank’s reserves.
The cocoa syndicated loan is also expected to add $1.3 billion to Ghana’s coffers.
The cedi has dropped by at least 35 percent in 2022, according to Bloomberg, making it the world’s worst-performing currency after Sri Lanka’s rupee among 150 economies tracked.
Cyra Pamela Koranteng resigns as Judicial Secretary, deputy elevated
Her Ladyship Cyra Pamela Koranteng has stepped down from her position as Judicial Secretary. Her decision was officially accepted by...
Read moreDetails
