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.