The Board of the International Monetary Fund (IMF) has completed the third review of Ghana's 36-month Extended Credit Facility Arrangement, allowing for the immediate disbursement of SDR 269.1 million (about US$360 million).
The IMF made this known in a statement issued on Monday, December 2, 2024.
It noted that Ghana's performance under the programme has been generally satisfactory, and reform efforts are paying off with good progress made on debt restructuring. "Growth is recovering rapidly, inflation has declined-although at a slower pace, and the fiscal and external positions have continued to improve.
Steadfast implementation of the policy and reform agenda, including before and after the upcoming general elections, remains essential to fully restore macroeconomic stability and debt sustainability.
