IMF and Ghana reach staff-level agreement on third review of $3 Billion credit facility
The International Monetary Fund (IMF) and the Government of Ghana have reached a staff-level agreement following the third review of Ghana's $3 billion extended credit facility. This agreement comes after a two-week assessment by IMF staff, who evaluated the country's fiscal performance and progress against targets set for June 2024. The IMF mission praised Ghana’s performance under the program, describing it as “generally satisfactory” with significant advancements in the restructuring of the country’s debt. However, the agreement is still subject to the IMF Board's approval, which would release the fourth tranche of $360 million, bringing the total disbursements to Ghana...
