West Africa: Ghana to receive $1.1 billion in IMF resources

Ghana will receive around $1.1 billion in resources from the International Monetary Fund, as the country tries to reduce its widening budget deficit, a senior IMF official has said. The IMF resources include a $600 million loan over three years approved on Wednesday and another $452 million in IMF special drawing rights, IMF mission chief to Ghana, Peter Allum, told reporters on a conference call.