Search

IMF approves $385mn Ghana payout as reforms stabilise economy

Fishermen at shore in Ghana. Photo by Herbert Bieser @ Pixabay
Fishermen at shore in Ghana. Photo by Herbert Bieser @ Pixabay
  • IMF releases $385m, lifting Ghana disbursements to $2.8bn
  • Inflation eases, cedi strengthens on gold and cocoa exports

 

ACCRA, GHANAGhana has secured an immediate $385 million disbursement from the International Monetary Fund after its reform programme helped stabilise growth, inflation and the cedi.

The IMF Executive Board on Wednesday completed the fifth review of Ghana’s $3 billion, 39-month Extended Credit Facility, approved in May 2023, unlocking the fresh funds and bringing total disbursements to about $2.8 billion.

Recent Business

Digital payments in Africa surges. Photo by Iqbal Nuril Anwar @ Pixabay
WAEMU goes digital to overhaul West Africa’s government bond trading
Read More »
Critical mineral. Photo by Claudio Grande @ Unsplash
US–China minerals battle: Is Africa at the table or on the menu?
Read More »
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia rolls out automated interbank FX platform to deepen market transparency
Read More »

Recent Politics

Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
Read More »
Raila Odinga was seen as the father of democracy in Kenya. Photo @ Raila Odinga/Facebook
Raila Odinga’s death exposes deep family rift inside Kenya’s opposition ODM
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
Read More »

Latest Posts

Latest news insights