AdomOnline

IMF staff in Ghana for second review and third tranche deliberations

IMF staff in Ghana for second review and third tranche deliberations

Staff of the International Monetary Fund (IMF), have arrived in Ghana to conduct the second review of the three-year $3 billion Programme for Economic Growth (PC-PEG) post-COVID-19.

The review follows the successful completion of the 1st Review of the Programme on 19th Jan 2024.

The Finance Minister, Dr Mohammed Amin Anta is confident the approval of the second Review by the IMF Executive Board, possibly in June 2024, would trigger the release of the third tranche of $360 million, bringing the total disbursements so far under the programme to $1.56 billion.

During this period, Ghana’s adherence to the programme’s targets will be closely scrutinized, focusing on areas such as economic recovery, fiscal management, and structural reforms.

The government is optimistic about passing this IMF programme review, aiming to meet all structural benchmarks to access the third tranche of IMF funding totaling $360 million by the end of June.

IMF to begin Second Review of Ghana’s programme on April 2

Approval of IMF second review will trigger release of third tranche of $360m –…

Original Story on: AdomOnline
Scroll to Top