GFSF

Government has announced that it will invest $500 million as seed capital into the Ghana Financial Stability Fund (GFSF) expected to take off before the end of October 2023. This was captured in the Operational Document of the Ghana Financial Stability Fund released by Finance Ministry on October 9, 2023. According to the Finance Ministry, the government will provide financing support to the Fund in line with the resources envisaged by the Extended Credit Facility (ECF) macro-framework baseline, and intends to deploy these resources in phases to address the recapitalization efforts of the financial sector. How will the GFSF be…