IMF Approves $360 Million Disbursement for Ghana Under $3 Billion Credit Facility

Ghana’s Finance Minister, Dr. Amin Adam, has announced that the IMF Executive Board has approved the release of the third tranche of its $3 billion Extended Credit Facility, granting the country access to $360 million.

The decision comes after a positive review of Ghana’s economic performance, with growth averaging an impressive 5.8% in the first half of 2024.

Dr. Adam described the disbursement as a vital catalyst for maintaining Ghana’s recovery trajectory and supporting its development agenda.

The funds are expected to strengthen fiscal stability, stimulate economic growth, and sustain reforms under the IMF-backed program.

 

 

 

 

 

 

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