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Ghana completes IMF ECF programme, secures final US$371m

By GhanaSummary Newsroom1 min read
Ghana completes IMF ECF programme, secures final US$371m

By Francis Ntow Accra, July 28, GNA – Ghana has secured a final disbursement of US$371 million after the International Monetary Fund (IMF) completed the sixth and final review of the country’s Extended Credit Facility (ECF) programme.

The disbursement brings total support under the 39-month ECF arrangement to US$3 billion and marks Ghana’s successful completion of the loan-supported programme ahead of a transition to a non-financing Policy Coordination Instrument (PCI).

Commenting on the development, the Ministry of Finance said Ghana would commence a new phase of engagement with the IMF through a 36-month non-financing PCI following the successful completion of the ECF programme.

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