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$50.4-million bank loan to support economic growth

    ABIDJAN

    Ghana obtained approval for a US $50.4-million-loan from the African Development Fund to support its 2000-2002 economic reform programme. The programme’s objective to increase GDP growth to 4.5 percent in 2001 and 5.5 percent in 2002 and cut inflation to 17 percent and 5 percent in 2001 and 2002 respectively. The African Development Bank reported that the loan was equivalent to 5.28 percent of Ghana’s total financing needs for 2001, estimated at $945 million.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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