The Ghanaian government launched a microcredit fund thanks to a loan arrangement with the International Monetary Fund (IMF). In May 2003, the IMF made available $273 million in 0.5% interest development loans to Ghana. From this, $50 million was drawn to finance the microcredit fund. The Accra Mail, Ghana’s capital city newspaper, mentions the Women’s Development Fund as one of the many organizations that will benefit from the new fund.
Continue reading “Ghana Creates $50 Million Microcredit Fund With IMF Loans”
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