Ghana: President flips the finger at IMF over Chinese loan

The President of Ghana, John Evans Atta Mills, intends to pull Ghana out of the International Monetary Fund in a final bid to end moves by the Christine Largarde-led funding agency to suffocate the US$3 billion loan the NDC government wants from the China Development Bank (CDB). With just a little over a year left of its four-year mandate, and following what appears to be deep-seated challenges that have crippled the roundly marketed STX housing project, analysts say the Mills government badly needs huge foreign capital injection if it is to honour a string of mouth-watering campaign promises on whose back it rode to political power in January 2009.