IMF Approves $385M Transfer to Ghana as Economy Shows Strong Recovery

The International Monetary Fund’s (IMF) Executive Board has concluded the fifth assessment of Ghana’s 39‑month, roughly US$3 billion Extended Credit Facility (ECF) programme, clearing the way for an immediate transfer of about US$385 million and lifting total funds received under the arrangement to around US$2.8 billion; authorities’ performance under the scheme was judged broadly satisfactory, with all key…

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IMF Gives Ghana the Green Light! US$385m Unlocked as Inflation Hits Single Digits, Cedi Rallies, and Debt Woes Ease Under US$3bn Bailout

The International Monetary Fund’s Executive Board has wrapped up Ghana’s fifth assessment under its 39-month Extended Credit Facility, clearing the release of roughly US$385 million and lifting total funds received under the US$3 billion programme to about US$2.8 billion since its approval in May 2023, with the IMF noting that implementation has been largely positive…

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