IMF releases $360m to Ghana - Final $360m of $3bn approved

“The government expresses its sincere appreciation to the people of Ghana for their resilience, patience, and unwavering support throughout the reform programme,” Dr Forson told the Daily Graphic moments after the IMF Executive Board approval yesterday.

Consequently, the executive board’s approval which triggers the release of $360 million to the Bank of Ghana, bringing total disbursements under the IMF programme to $3 billion in support of reforms, stability and improvement in domestic revenue performance.

As macroeconomic stability takes hold, IMF’s final tranche will focus on consolidation, with emphasis on helping to sustain reform momentum and build resilience beyond the current ECF programme.