The International Monetary Fund (IMF) has approved a $360 million disbursement to Ghana following the successful completion of the third review under its $3 billion Extended Credit Facility (ECF) program.
This brings Ghana's total receipts from the program to $1.92 billion, with the funds expected to be credited to the Bank of Ghana by the end of the week.
According to an IMF statement, Ghana's performance under the ECF has been "generally satisfactory," with notable progress in key economic areas. "Growth is recovering rapidly, inflation has declined-although at a slower pace, and the fiscal and external positions have continued to improve," the IMF stated.
Debt Restructuring Milestones Ghana's government has made significant strides in restructuring its public debt.