After a third evaluation, the IMF grants $360 million for Ghana.

The International Monetary Fund (IMF) has approved a $360 million disbursement to Ghana following the successful completion of its third review under the Extended Credit Facility (ECF) arrangement.

This decision, announced on December 2, 2024, acknowledges Ghana’s satisfactory performance in implementing reforms and managing its economic recovery.

Since the program began in May 2023, Ghana has received a total of approximately $1.92 billion. Key achievements include significant progress in debt restructuring, a rapid recovery in economic growth, and a decline in inflation rates.

The IMF emphasized the importance of continued policy implementation to restore macroeconomic stability and ensure sustainable growth, particularly ahead of upcoming elections.

The funds will be credited to the Bank of Ghana by December 7, reinforcing the government’s efforts to stabilize the economy and enhance fiscal discipline