$750 million loan from Afrexim Bank hits gov’t of Ghana Account

Ghana’s government has received the anticipated $750 million loan from Afrexim Bank.

This is part of the $2 billion loan from various sources that the government expects to help stop the cedi’s free fall.

The $750 million was paid in three installments of $332 million, $187 million, and 193 million euros, according to the Finance Ministry.

Rainbowradioonline.com has also gathered that the funds have been transferred to the Bank of Ghana in exchange for cedis 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.

By: Rainbowradioonline.com/Ghana

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