IMF, Ghana agree on programme review to unlock $370m deal
The International Monetary Fund and Ghana’s Government have reached a staff-level agreement on a fourth review of its three-billion-dollar loan programme.
The deal will unlock another 370 million dollars on completion by the Fund’s Executive Board.
The gold, oil, and cocoa-producing nation is recovering from its most severe economic crisis in decades, with its cocoa and gold industries facing challenges.
However, authorities had since taken measures to address policy and reform slippages.
Discussions with the authorities centred on possible additional measures needed to address structural weaknesses in the public financial management.
The IMF said on Tuesday that Ghana’s overall performance under the programme had markedly deteriorated at the end of 2024. (Reuters/NAN)(www.nannews.ng)
Edited by Hadiza Mohammed/Deborah Coker
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