The $750 million African Export-Import Bank (Afreximbank)
Loan has finally hit the Bank of Ghana’s (BoG) Account.
Documents sighted by JOYBUSINESS showed that the swift
advice came in tranches to hit government’s account with the Central Bank.
The said transfer came in yesterday (26th August,
2022) afternoon.
Government is primarily looking forward to use this money
to finance some infrastructure projects.
However, the Bank of Ghana will take the dollars and give
the cedi equivalent to government.
This will go a long to boost the Central
Bank’s reserves, a move that could help slow down the rate of depreciation of
the cedi against the dollar.
Source: myjoyonline
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