{"id":1191229,"date":"2022-08-26T14:12:07","date_gmt":"2022-08-26T14:12:07","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/08\/26\/govt-receives-750-million-loan-from-afrexim-bank\/"},"modified":"2022-08-26T14:12:07","modified_gmt":"2022-08-26T14:12:07","slug":"govt-receives-750-million-loan-from-afrexim-bank","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/08\/26\/govt-receives-750-million-loan-from-afrexim-bank\/","title":{"rendered":"Gov’t receives $750 million loan from Afrexim Bank"},"content":{"rendered":"

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The government of Ghana has received the expected $750 million loan from Afrexim Bank.<\/p>\n

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.<\/p>\n

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.<\/p>\n

The amount has since been transferred to the Bank of Ghana for a cedi equivalent to help shore up the central bank\u2019s reserves.<\/p>\n

The cocoa syndicated loan is also expected to add $1.3 billion to Ghana\u2019s coffers.<\/p>\n

The cedi has dropped by at least 35 percent in 2022, according to Bloomberg, making it the world\u2019s worst-performing currency after Sri Lanka\u2019s rupee among 150 economies tracked.<\/p>\n

https:\/\/www.youtube.com\/watch?v=\/1nPk4xgf4iE<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The government of Ghana 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 […]<\/p>\n","protected":false},"author":1,"featured_media":1158279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[24448,557,225,659,290,1419],"class_list":["post-1191229","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-afrexim","tag-bank","tag-govt","tag-loan","tag-million","tag-receives"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1191229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1191229"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1191229\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1191229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1191229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1191229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}