IMF Approves US$360 Million to Boost Ghana's Economic Reforms
==========
The International Monetary Fund (IMF) has approved Ghana's second review of economic reforms, allowing for the immediate disbursement of an additional $360 million to support the country. This disbursement is part of a larger $3 billion loan approved by the IMF in May 2023. Ghana has received a total of $1.56 billion from the IMF so far. The IMF praised Ghana's strong performance under the reform program, noting that all quantitative performance criteria for the second review were met. Ghana finalized agreements with official creditors to formalize debt treatment plans and reached agreements with two bondholder groups, aligning with program requirements set by the IMF. The IMF's ongoing financial support aims to stabilize Ghana's economy and foster sustainable growth. The approval demonstrates the IMF's confidence in Ghana's commitment to implementing economic reforms and enhancing financial stability.
#Imf #Ghana #EconomicReforms #Loan #DebtRestructuring #FinancialSupport
https://newsghana.com.gh/imf-approves-us360-million-to-boost-ghanas-economic-reforms/
News Ghana /
npub133y…xfqh
2024-06-30 20:10:27
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npub133ygf43zp0znyx59mzatd0yesmgudqyuspehgclg6jg2dp03z75st6xfqhPublished at
2024-06-30 20:10:27Event JSON
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"content": "IMF Approves US$360 Million to Boost Ghana's Economic Reforms\n==========\n\nThe International Monetary Fund (IMF) has approved Ghana's second review of economic reforms, allowing for the immediate disbursement of an additional $360 million to support the country. This disbursement is part of a larger $3 billion loan approved by the IMF in May 2023. Ghana has received a total of $1.56 billion from the IMF so far. The IMF praised Ghana's strong performance under the reform program, noting that all quantitative performance criteria for the second review were met. Ghana finalized agreements with official creditors to formalize debt treatment plans and reached agreements with two bondholder groups, aligning with program requirements set by the IMF. The IMF's ongoing financial support aims to stabilize Ghana's economy and foster sustainable growth. The approval demonstrates the IMF's confidence in Ghana's commitment to implementing economic reforms and enhancing financial stability.\n\n#Imf #Ghana #EconomicReforms #Loan #DebtRestructuring #FinancialSupport\n\nhttps://newsghana.com.gh/imf-approves-us360-million-to-boost-ghanas-economic-reforms/",
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