The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on the third review of Ghana’s US$ 3 billion extended credit facility.
It follows the conclusion of a two-week assessment of the country’s fiscal data by a mission staff from the Fund.
The staff-level agreement was reached after what the Fund described as “programme performance has been generally satisfactory, with remarkable progress on debt restructuring.”
It is however subject to the approval of the IMF Board for the fourth tranche of US$360 million. This tranche if approved will bring Ghana’s total disbursements to US$ 1.92 billion dollars.
“The IMF staff and Ghanaian authorities have reached a staff-level agreement on the third review of Ghana’s economic program under the Extended Credit Facility arrangement”, Stéphane Roudet, IMF mission staff to Ghana told the media on Friday.
