Investor Presentaiton
Continued Development Partner Support
The IMF Programme extending into 2017 provides some level of certainty to Ghana's commitment to reforms and
encourages disbursements from development partners
IMF
•
2015: $918m 3-yr ECF
IMF funding and policy support opens-up
donor and grant access to Ghana again
RNATION
ONETARY
NFUND
World Bank
•
2014: >US$200m credit
2015:
•
THE WORLD BANK
•
IBRD-IDA
European
Union
EU
.
$150m credit
$400m guarantee supports external
borrowing; US$700m Sankofa Gas
guarantees
2015: US$181m donor budget support
AfDB
2015: US$ 50m donor budget support
United States
2014: US$498.2m compact support for
Ghana's power sector
China
2011: US$3b infrastructure development
facility
"The donor support has been unlocked since the approval of the Fund's
program..... Additional disbursements from bilateral donors during the remainder of
the year will bring total program financing to close to US$ 500 million, as expected"
IMF Country Report, September 2015
✓ Ghana strategically positions its foreign relations policy to enhance economic growth
and stability
The country enjoys immense goodwill globally and in the West Africa region
Multilateral and bilateral donors stand ready to continue supporting Ghana beyond
2015- following 2013 reforms
Global Support Enhances Pace of Ghana's Turnaround
Coordinated Policy & Funding Interventions:
The Multi-Donor Budget Support (MDBS) process, is one by which Ghana and its
Development Partners agree funding tied to a pre-agreed set of objectives, reforms and
indicators
Foreign Direct Investments (FDI) Encouraged:
•
Impressive and consistent FDI flows supported by multilateral involvement in Ghana
⚫ FDI flows stabilizes Ghana's volatile foreign reserves and by extension its currency
FDI creates jobs and revenue generating projects, strengthening Ghana's fiscal
position
⚫
• FDI funded projects reduce Ghana's dependence on imports, improving trade
balance
Source: Ghana MOF, IMF, World Bank
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