International Monetary Fund approves Ghana's $3bn Loan To Alleviate Crisis

The International Monetary Fund has approved a $3bn bailout programme aimed at alleviating the country’s economic crisis. <br />Ghana’s Information Minister Kojo Oppong Nkrumah told the BBC the three-year extended credit facility was approved on Wednesday, in Washington DC. <br />The West African nation has been battling its worst economic crisis in a generation marred with inflation, debt burden and the depreciation of the local currency – the cedi - against the US dollar. <br />It is expected that $600m, the first batch of the loan will be remitted to Ghana as soon as possible.