madimage

Connect with us

Hi, what are you looking for?

Business

Strictly follow bailout programme –IMF to Ghana

Imf

Strictly follow bailout programme –IMF to Ghana

The IMF is advising Ghana to stay on track with its fund programme in order to fully benefit from the ongoing bailout package. The Fund is calling for the effective implementation of structural reforms after the release of the $600 million second tranche. The IMF insists that Ghana adheres to the agreed-upon austerity measures to manage its way out of the economic crisis.

Abebe Selassie, Director of the African Department at the IMF, emphasized the importance of Ghana following the agreed-upon program over the next three years.
The Bank of Ghana acknowledged receiving the $600 million second tranche for budget support and stabilization of the local currency, bringing the total to $1.2 billion out of the $3 billion approved under the three-year extended credit facility in May 2022.

The IMF stated that Ghana is performing well under the program, with reforms bearing fruit and signs of economic stabilization emerging. The next IMF program review for Ghana is scheduled for June 2024 for the third tranche of approximately $360 million.

Imf

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like

Video

Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...

Video

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.

News

Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Health

Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...

Copyright © 2023, Africaneditors.com Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: