Third tranche of IMF’s $360m bailout cash to hit Ghana’s account today

The third tranche of the International Monetary Fund’s (IMF) 360 million dollar to support Ghana’s ailing economy is expected to hit Ghana’s account today, Monday, July 1.

This follows a successful review of the country’s performance by the Bretton Woods institution.

The IMF said Ghana’s economy under its programme is bouncing back and showing good prospects.

The Finance Minister, Dr. Mohammed Amin Ada, and the IMF’s country manager are expected to hold a joint news conference this afternoon to disclose the details of the latest development.

In an interaction with the media, Minister Amim Adam said he’s hopeful of better days for the economy.

“After meeting the requirements for the second review following the staff level agreement, I am glad to announce that the IMF Executive Board approved Ghana’s second review with an overwhelming support for Ghana.

“This is coming after an earlier approval of the first review in January 2024. This is an important positive development in our journey towards macroeconomic stability,” the Minister added.



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