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$3 billion rescue program: IMF approves $600 million payment to Ghana

22/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Board of Directors of the International Monetary Fund announced that it had approved an initial review of the approximately $600 million program as part of its $3 billion rescue program.

Le Ghana s' est tourné vers le FMI to get financial support in 2022 while & It was grappling with its worst economic crisis in a generation, which came amid soaring public debt service costs. The Fund reported that the authorities' reform efforts have contributed to improved growth, reduced inflation, and increased international reserves. It forecasts economic growth of 2.3% in 2023 and 2.8% in 2024. The decision comes after the gold, oil and cocoa producer reached an agreement to restructure $5.4 billion in loans with its official creditors, a key step in unlocking the second installment of IMF financing.

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