- IMF approved the third review of Ghana's US$3 billion extended credit facility
- This decision follows a two-week assessment of the country's economic performance
- The IMF's approval of the third review is a positive development for Ghana,
The International Monetary Fund (IMF) has approved the third review of Ghana’s US$3 billion extended credit facility.
This decision follows a two-week assessment of the country’s economic performance and progress on debt restructuring.
The IMF mission staff commended Ghana for its “remarkable progress” in restructuring its external debt, including reaching a successful consent solicitation from Eurobond holders. This achievement is a significant step towards addressing the country’s debt challenges.
The approval of the third review will release the fourth tranche of US$360 million, bringing Ghana’s total disbursements under the program to US$1.92 billion.
Stéphane Roudet, IMF mission staff to Ghana, emphasized that the country’s performance under the program has been “generally satisfactory.” All quantitative targets were met, and progress on key structural reforms continued, despite some delays.
The IMF’s approval of the third review is a positive development for Ghana, as it provides continued financial support and reinfo
